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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

LEXI501(c)(7) · MEDIUMNAICS 713910EIN 61-0258900

Lexington Country Club Inc

Lexington, KY · founded 1928

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$9.22M

▲ 26.6% YoY

FY23 Total Expenses

$6.66M

▲ 8.0% YoY

Operating Margin

27.7%

revenue minus expenses ÷ revenue

Employees

232

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$9.2M

▲ 98.1% / 5y

Expenses

$6.7M

▲ 34.4% / 5y

Total Assets

$11.6M

▲ 126.8% / 5y

Total Liabilities

$7.6M

▲ 25.8% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$4.7M	$7.0M	$7.0M	$7.3M	$9.2M	+98.1%
Expenses	$5.0M	$5.4M	$5.4M	$6.2M	$6.7M	+34.4%
Net surplus	-$304K	$1.6M	$1.6M	$1.1M	$2.6M	-939.5%
Total assets	$5.1M	$6.2M	$6.2M	$6.8M	$11.6M	+126.8%
Total liabilities	$6.0M	$5.8M	$5.8M	$5.3M	$7.6M	+25.8%
Net assets	-$907K	$406K	$406K	$1.5M	$4.0M	-543.3%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
JOHN FANGMEYER GOLF SUPERINTENDENT· 40h/wk	$121,992	—
RYAN MAY FORMER COO/CFO· 40h/wk	$121,899	—
GREG GRIFFITH Head Golf Professional· 40h/wk	$116,082	—

+ 10 unpaid officers/directors as reported (BANKS HUDSON, BRENT RICHARDS, CAMERON FREEMAN, +7 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
GOLF FEES AND RENTALS	$555,516
LOCKER ROOM RENTALS	$40,042
SWIMMING AND TENNIS REVENUE	$25,316

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$3.4M

▼ $182K paid down

Net land, buildings & equipment

$9.2M

book value, net of depreciation

Facility age

64%

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

FY23 · Form 990, Part IX

Insurance	$76,081
Occupancy	$323,760
Depreciation & depletion	$825,584
Office expenses	$430,609
Other professional fees	$80,839

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

LEXINGTON COUNTRY CLUB 401(K) PLAN

pension · 43 participants · $634K 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.

Seasonal labor

DOL OFLC · certified H-2B positions

Role	Wage floor (annualized)	Workers	Season
Landscaping and Groundskeeping Workers LEXINGTON, KY	$36K	10	Apr 2025 → Oct 2025

Positions the club certified through the U.S. Department of Labor’s H-2B program — an independent, government wage floor for rank-and-file roles the Form 990 never itemizes. Decision-maker contact available to members →

LFounded in 1928, Lexington Country Club Inc reported $9.22M of revenue for FY23, at an operating margin of 27.7%. Revenue moved up 26.6% 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

▸ Form 990, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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