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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

BSIG501(c)(7) · MEDIUMNAICS 713910EIN 61-0133710

Big Spring Country Club Inc

Louisville, KY · founded 1946

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$13.41M

▼ 10.2% YoY

FY23 Total Expenses

$12.52M

▲ 6.1% YoY

Operating Margin

6.6%

revenue minus expenses ÷ revenue

Employees

390

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$13.4M

▲ 31.8% / 5y

Expenses

$12.5M

▲ 35.8% / 5y

Total Assets

$30.5M

▲ 45.1% / 5y

Total Liabilities

$11.5M

▲ 80.3% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$10.2M	$12.0M	$12.0M	$14.9M	$13.4M	+31.8%
Expenses	$9.2M	$11.6M	$11.6M	$11.8M	$12.5M	+35.8%
Net surplus	$959K	$470K	$470K	$3.1M	$888K	-7.4%
Total assets	$21.0M	$27.8M	$27.8M	$30.4M	$30.5M	+45.1%
Total liabilities	$6.4M	$12.9M	$12.9M	$12.3M	$11.5M	+80.3%
Net assets	$14.6M	$15.0M	$15.0M	$18.1M	$19.0M	+29.8%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
KELVIN MAXWELL General Manager· 55h/wk	$286,989	$32,588
GARY BEBALAAR Head Golf Professional· 55h/wk	$215,078	$21,717
MARK WILSON Golf Course Superintendent· 55h/wk	$169,732	—
ANDY POLE Head Golf Professional· 55h/wk	$136,582	$10,444
RUSSELL JOHNSON Assistant General Manager· 55h/wk	$109,596	$12,310

+ 15 unpaid officers/directors as reported (BILLY BEAM, CLINTON GLASSCOCK, DAN OYLER, +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
MEMBER DUES, ASSESSMENTS	$7,501,171
GREENS FEES AND CART RENTAL	$1,486,965
INITIATION FEES	$1,036,393
TENNIS AND SWIMMING	$227,806
GYM	$8,125

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$9.5M

▼ $761K paid down

Net land, buildings & equipment

$23.9M

book value, net of depreciation

Facility age

37%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

Professionally managedFY23 · Form 990, Part IX

Management fees	$77,139
Insurance	$228,241
Occupancy	$560,071
Depreciation & depletion	$1,707,724
Information technology	$3,994
Advertising & promotion	$19,239
Office expenses	$194,273
Legal fees	$195
Accounting fees	$18,275
Other professional fees	$391,991

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

BIG SPRING COUNTRY CLUB 401(K) PROFIT SHARING PLAN

pension · 82 participants · $4.0M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

BFounded in 1946, Big Spring Country Club Inc reported $13.41M of revenue for FY23, at an operating margin of 6.6%. Revenue moved down 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

▸ Form 990, FY2023 · period ending Sat Sep 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Fri Sep 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Thu Sep 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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