WOIL501(c)(7) · MEDIUMNAICS 713910EIN 54-0628761
Willow Oaks Country Club Inc
Richmond, VA · founded 1959
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$11.06M
▲ 10.2% YoY
FY23 Total Expenses
$10.40M
▲ 6.6% YoY
Operating Margin
6.0%
revenue minus expenses ÷ revenue
Employees
312
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$11.1M
▲ 30.7% / 5y
Expenses
$10.4M
▲ 24.6% / 5y
Total Assets
$16.3M
▲ 17.6% / 5y
Total Liabilities
$9.3M
▲ 29.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $8.5M | $9.9M | $9.9M | $10.0M | $11.1M | +30.7% |
| Expenses | $8.3M | $8.6M | $8.6M | $9.8M | $10.4M | +24.6% |
| Net surplus | $117K | $1.3M | $1.3M | $286K | $660K | +464.2% |
| Total assets | $13.9M | $14.8M | $14.8M | $15.9M | $16.3M | +17.6% |
| Total liabilities | $7.2M | $9.5M | $9.5M | $9.7M | $9.3M | +29.1% |
| Net assets | $6.7M | $5.3M | $5.3M | $6.2M | $7.0M | +5.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
CHRISTOPHER WELLES General Manager· 40h/wk | $262,403 | $6,191 |
+ 15 unpaid officers/directors as reported (AMBER HILL, ASHLEIGH MCDERMOTT, ASHLEY GALLIENNE, +12 more)
Top contractors
FY23 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES & ASSESSMENTS | $7,698,420 |
| GOLF OPERATIONS | $1,364,396 |
| TENNIS INCOME | $309,033 |
| FITNESS CENTER | $243,745 |
| YOUTH ACTIVITIES | $80,669 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$4.6M
▼ $427K paid down
Net land, buildings & equipment
$9.3M
book value, net of depreciation
Facility age
67%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $108,716 |
| Occupancy | $219,381 |
| Depreciation & depletion | $1,083,083 |
| Information technology | $90,735 |
| Advertising & promotion | $48,829 |
| Legal fees | $6,459 |
| Accounting fees | $25,738 |
| Other professional fees | $661,607 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
WILLOW OAKS COUNTRY CLUB, INC. 401(K) PROFIT SHARING PLAN
pension · 96 participants · $2.6M assets · FY2024
WFounded in 1959, Willow Oaks Country Club Inc reported $11.06M of revenue for FY23, at an operating margin of 6.0%. Revenue moved up 10.2% 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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