SPOT501(c)(7) · MEDIUMNAICS 713910EIN 54-0787945
Spotswood Country Club Inc
Harrisonburg, VA · founded 1969
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$2.27M
▲ 1.5% YoY
FY23 Total Expenses
$2.24M
▲ 5.5% YoY
Operating Margin
1.1%
revenue minus expenses ÷ revenue
Employees
90
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$2.3M
▲ 22.9% / 5y
Expenses
$2.2M
▲ 1.7% / 5y
Total Assets
$3.2M
▲ 2.6% / 5y
Total Liabilities
$1.3M
▲ 85.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.8M | $1.8M | $1.8M | $2.2M | $2.3M | +22.9% |
| Expenses | $2.2M | $2.0M | $2.0M | $2.1M | $2.2M | +1.7% |
| Net surplus | -$359K | -$184K | -$184K | $107K | $25K | -106.9% |
| Total assets | $3.1M | $3.4M | $3.4M | $3.1M | $3.2M | +2.6% |
| Total liabilities | $689K | $1.6M | $1.6M | $1.3M | $1.3M | +85.1% |
| Net assets | $2.4M | $1.8M | $1.8M | $1.9M | $1.9M | -21.1% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
MIKE KING General Manager· 40h/wk | $127,975 | — |
+ 12 unpaid officers/directors as reported (BILL LOOMIS, BRENT LENZ, CHRIS SLONAKER, +9 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 |
|---|---|
| MEMBER DUES | $1,322,757 |
| GOLF REVENUE | $374,668 |
| OPERATING ASSESSMENT | $105,155 |
| INITIATION FEES | $6,500 |
| TENNIS REVENUE | $5,808 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$939K
▼ $53K paid down
Net land, buildings & equipment
$2.4M
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 | $47,185 |
| Occupancy | $248,147 |
| Depreciation & depletion | $173,342 |
| Information technology | $23,383 |
| Office expenses | $86,634 |
| Accounting fees | $5,014 |
| Other professional fees | $5,000 |
SFounded in 1969, Spotswood Country Club Inc reported $2.27M of revenue for FY23, at an operating margin of 1.1%. Revenue moved up 1.5% 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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