EDGE501(c)(7) · MEDIUMNAICS 713910EIN 55-0162740
Edgewood Country Club
Charleston, WV · founded 1960
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$3.06M
▼ 3.8% YoY
FY23 Total Expenses
$3.23M
▲ 4.8% YoY
Operating Margin
-5.5%
revenue minus expenses ÷ revenue
Employees
130
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.1M
▲ 1.8% / 5y
Expenses
$3.2M
▲ 5.4% / 5y
Total Assets
$4.5M
▼ 5.3% / 5y
Total Liabilities
$2.7M
▼ 3.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.0M | $3.2M | $3.2M | $3.2M | $3.1M | +1.8% |
| Expenses | $3.1M | $3.0M | $3.0M | $3.1M | $3.2M | +5.4% |
| Net surplus | -$56K | $139K | $139K | $100K | -$169K | +199.4% |
| Total assets | $4.7M | $4.5M | $4.5M | $5.0M | $4.5M | -5.3% |
| Total liabilities | $2.8M | $2.4M | $2.4M | $2.9M | $2.7M | -3.1% |
| Net assets | $1.9M | $2.1M | $2.1M | $2.2M | $1.8M | -8.5% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
SHANE HONAKER General Manager· 40h/wk | $119,063 | — |
+ 17 unpaid officers/directors as reported (ADAM KRASON, D MICHAEL YOUNG, DEE BLUNDON, +14 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Craig Berner HURRICANE, WV | Management services | $137,242 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES & INITIATION FEES | $1,721,592 |
| GOLF | $286,035 |
| GOLF UNRELATED | $169,973 |
| RACQUETS & POOL | $50,675 |
| LOCKER RENTAL | $6,510 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.8M
▼ $139K paid down
Net land, buildings & equipment
$3.8M
book value, net of depreciation
Facility age
71%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $134,995 |
| Depreciation & depletion | $335,664 |
| Office expenses | $35,996 |
| Accounting fees | $31,800 |
| Other professional fees | $4,227 |
EFounded in 1960, Edgewood Country Club reported $3.06M of revenue for FY23, at an operating margin of -5.5%. Revenue moved down 3.8% 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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