WINC501(c)(7) · MEDIUMNAICS 713910EIN 54-0438840
Winchester Golf Club Inc
Winchester, VA · founded 1955
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$3.82M
▲ 8.1% YoY
FY23 Total Expenses
$4.02M
▲ 10.5% YoY
Operating Margin
-5.1%
revenue minus expenses ÷ revenue
Employees
0
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.8M
▲ 40.8% / 5y
Expenses
$4.0M
▲ 33.9% / 5y
Total Assets
$4.5M
▼ 2.7% / 5y
Total Liabilities
$4.0M
▲ 9.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.7M | $3.4M | $3.4M | $3.5M | $3.8M | +40.8% |
| Expenses | $3.0M | $3.4M | $3.4M | $3.6M | $4.0M | +33.9% |
| Net surplus | -$286K | $10K | $10K | -$103K | -$196K | -31.3% |
| Total assets | $4.6M | $4.9M | $4.9M | $4.7M | $4.5M | -2.7% |
| Total liabilities | $3.6M | $4.1M | $4.1M | $4.0M | $4.0M | +9.3% |
| Net assets | $969K | $799K | $799K | $698K | $504K | -48.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Rel. org | Other |
|---|---|---|---|
STEVE IADAROLA General Manager· 40h/wk | — | $84,937 | — |
+ 9 unpaid officers/directors as reported (CHRIS COTTERELL, JACK MORANA, JAY SMITH, +6 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Andy Hersey Golf Shop LLC WINCHESTER, VA | Management services | $342,032 |
| Sysco HARRISONBURG, VA | Food & beverage | $331,904 |
| Landscapes Golf Management LINCOLN, NE | Management services | $328,097 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $2,376,025 |
| GOLF, POOL AND TENNIS INCOME | $678,616 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.6M
▼ $495K paid down
Net land, buildings & equipment
$3.0M
book value, net of depreciation
Facility age
74%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $139,064 |
| Insurance | $174,808 |
| Occupancy | $256,658 |
| Depreciation & depletion | $501,743 |
| Information technology | $22,024 |
| Advertising & promotion | $11,563 |
| Office expenses | $18,713 |
| Legal fees | $2,813 |
| Accounting fees | $27,975 |
| Other professional fees | $22,105 |
WFounded in 1955, Winchester Golf Club Inc reported $3.82M of revenue for FY23, at an operating margin of -5.1%. Revenue moved up 8.1% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.
Source documents
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