LOUI501(c)(7) · MEDIUMNAICS 713910EIN 61-0263930
Louisville Country Club
Louisville, KY · founded 1935
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$8.43M
▲ 46.1% YoY
FY23 Total Expenses
$6.61M
▲ 12.4% YoY
Operating Margin
21.6%
revenue minus expenses ÷ revenue
Employees
215
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$8.4M
▲ 57.3% / 5y
Expenses
$6.6M
▲ 24.0% / 5y
Total Assets
$18.2M
▲ 16.3% / 5y
Total Liabilities
$1.2M
▼ 23.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $5.4M | $5.5M | $5.5M | $5.8M | $8.4M | +57.3% |
| Expenses | $5.3M | $4.6M | $4.6M | $5.9M | $6.6M | +24.0% |
| Net surplus | $29K | $923K | $923K | -$110K | $1.8M | +6231.9% |
| Total assets | $15.7M | $16.6M | $16.6M | $16.6M | $18.2M | +16.3% |
| Total liabilities | $1.6M | $1.3M | $1.3M | $1.4M | $1.2M | -23.2% |
| Net assets | $14.1M | $15.3M | $15.3M | $15.2M | $17.0M | +20.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
RYAN RONAN General Manager· 40h/wk | $226,182 | $8,225 |
R ERIC KEHRES Golf Course Superintendent· 40h/wk | $209,626 | $9,343 |
MAGNUS GUSTAFSSON Head Tennis Professional· 40h/wk | $188,884 | $8,996 |
SCOTT SEDGWICK Head Golf Professional· 40h/wk | $146,336 | $9,456 |
JAMES D STAGE Executive Chef· 40h/wk | $134,897 | $9,179 |
STEVE VOIGT Controller· 40h/wk | $17,377 | $302 |
+ 15 unpaid officers/directors as reported (BRIAN A CROMER, CRAIG D GRANT, DOUGLAS H MADISON, +12 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Louisville Paving Company LOUISVILLE, KY | Construction & renovation | $981,133 |
| Triple H Services LLC NEWLAND, NC | GROUND SERVICES | $350,727 |
| Phoenix Pool LLC LOUISVILLE, KY | Pool & racquet | $299,003 |
| K Norman Berry Associates LOUISVILLE, KY | Course architecture | $124,842 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $5,105,822 |
| GOLF FEES | $612,278 |
| INITIATION FEES | $563,231 |
| LOCKER FEES | $94,548 |
| POOL/SWIM TEAM | $17,030 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$118K
▼ $418K paid down
Net land, buildings & equipment
$15.3M
book value, net of depreciation
Facility age
47%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $127,382 |
| Occupancy | $643,529 |
| Depreciation & depletion | $1,049,366 |
| Advertising & promotion | $7,696 |
| Office expenses | $340,256 |
| Accounting fees | $3,962 |
| Other professional fees | $886,366 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
LOUISVILLE COUNTRY CLUB 401(K) RETIREMENT PLAN
pension · 50 participants · $3.7M assets · FY2024
LFounded in 1935, Louisville Country Club reported $8.43M of revenue for FY23, at an operating margin of 21.6%. Revenue moved up 46.1% 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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