SHUM501(c)(7) · MEDIUMNAICS 713910EIN 61-0397825
Summit Hills Country Club Inc
Crestview Hls, KY · founded 2020
4 filings on recordFY 2021–2024medium confidence
Compare to peers →FY24 Total Revenue
$7.27M
▲ 22.2% YoY
FY24 Total Expenses
$5.66M
▲ 2.2% YoY
Operating Margin
22.3%
revenue minus expenses ÷ revenue
Employees
209
headcount as reported on filing
The Five-Year Picture
FY2021 — FY2024 · as filed
Revenue
$7.3M
▲ 43.0% / 4y
Expenses
$5.7M
▲ 40.1% / 4y
Total Assets
$13.7M
▲ 54.2% / 4y
Total Liabilities
$5.7M
▲ 28.0% / 4y
Year-on-year detail
from IRS Form 990
| Line | FY21 | FY22 | FY23 | FY24 | Δ total |
|---|---|---|---|---|---|
| Revenue | $5.1M | $5.2M | $6.0M | $7.3M | +43.0% |
| Expenses | $4.0M | $4.7M | $5.5M | $5.7M | +40.1% |
| Net surplus | $1.0M | $576K | $419K | $1.6M | +54.2% |
| Total assets | $8.9M | $10.9M | $12.4M | $13.7M | +54.2% |
| Total liabilities | $4.5M | $5.2M | $6.2M | $5.7M | +28.0% |
| Net assets | $4.4M | $5.7M | $6.2M | $8.0M | +80.8% |
Officer & staff compensation
FY24 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
GARY BEHAN General Manager· 60h/wk | $159,538 | $23,273 |
MIKE ISON Controller· 40h/wk | $106,607 | $10,197 |
JOHN CAHILL Golf Course Superintendent· 60h/wk | $101,456 | $7,403 |
+ 9 unpaid officers/directors as reported (ALEX RECHTIN, DAN DIETZ, DOUG MYERS, +6 more)
Top contractors
FY24 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY24 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $3,232,037 |
| GOLF OPERATION | $691,225 |
| CAPITAL FEES | $389,013 |
| SWIM, TENNIS AND LOCKER FEES | $71,991 |
Balance sheet & capital
FY24 · IRS Form 990, Part X
Mortgages & notes payable
$5.2M
▼ $300K paid down
Net land, buildings & equipment
$11.7M
book value, net of depreciation
Facility age
36%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY24 · Form 990, Part IX
| Occupancy | $251,901 |
| Depreciation & depletion | $497,923 |
| Legal fees | $29,345 |
| Other professional fees | $21,708 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
SUMMIT HILLS COUNTRY CLUB, INC. EMPLOYEE'S RETIREMENT SAVINGS PL
pension · 61 participants · $1.2M assets · FY2024
SUMMIT HILLS COUNTRY CLUB CBS BENEFIT PLAN
welfare · 24 participants · $19K assets · FY2024
SFounded in 2020, Summit Hills Country Club Inc reported $7.27M of revenue for FY24, at an operating margin of 22.3%. Revenue moved up 22.2% 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
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