MEAD501(c)(7) · MEDIUMNAICS 713910EIN 54-0640978
Meadowbrook Country Club Inc
N Chesterfld, VA · founded 1967
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$2.37M
▲ 66.6% YoY
FY23 Total Expenses
$2.64M
▲ 43.7% YoY
Operating Margin
-11.4%
revenue minus expenses ÷ revenue
Employees
78
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$2.4M
▲ 66.5% / 5y
Expenses
$2.6M
▲ 62.0% / 5y
Total Assets
$1.7M
▲ 1.2% / 5y
Total Liabilities
$1.8M
▲ 49.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.4M | $1.6M | $1.6M | $1.4M | $2.4M | +66.5% |
| Expenses | $1.6M | $1.5M | $1.5M | $1.8M | $2.6M | +62.0% |
| Net surplus | -$207K | $111K | $111K | -$415K | -$271K | +31.1% |
| Total assets | $1.7M | $2.0M | $2.0M | $1.9M | $1.7M | +1.2% |
| Total liabilities | $1.2M | $1.5M | $1.5M | $1.7M | $1.8M | +49.4% |
| Net assets | $477K | $564K | $564K | $160K | -$111K | -123.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 9 unpaid officers/directors as reported (BRANDON HASTINGS, DAVID CLELLAND, DOUG MALONE, +6 more)
All 9 listed officers reported $0 compensation — volunteer board.
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Emc Mechanical Services RICHMOND, VA | HVAC | $133,973 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $1,068,950 |
| POOL (RELATED) | $40,992 |
| PROGRAM SERVICE | $21,207 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.6M
▲ $136K new borrowing
Net land, buildings & equipment
$1.4M
book value, net of depreciation
Facility age
81%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $47,599 |
| Occupancy | $250,553 |
| Depreciation & depletion | $160,909 |
| Information technology | $48,924 |
| Advertising & promotion | $2,527 |
| Office expenses | $231,078 |
| Legal fees | $16,037 |
| Accounting fees | $24,905 |
MFounded in 1967, Meadowbrook Country Club Inc reported $2.37M of revenue for FY23, at an operating margin of -11.4%. Revenue moved up 66.6% 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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