IHDL501(c)(7) · MEDIUMNAICS 713910EIN 61-0411681
Idle Hour Country Club Inc
Lexington, KY · founded 1948
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$7.94M
▲ 9.6% YoY
FY23 Total Expenses
$8.84M
▲ 4.6% YoY
Operating Margin
-11.3%
revenue minus expenses ÷ revenue
Employees
263
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$7.9M
▲ 34.1% / 5y
Expenses
$8.8M
▲ 29.2% / 5y
Total Assets
$16.6M
▲ 17.7% / 5y
Total Liabilities
$7.5M
▲ 26.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $5.9M | $6.6M | $6.6M | $7.2M | $7.9M | +34.1% |
| Expenses | $6.8M | $6.9M | $6.9M | $8.4M | $8.8M | +29.2% |
| Net surplus | -$923K | -$353K | -$353K | -$1.2M | -$899K | -2.6% |
| Total assets | $14.1M | $13.8M | $13.8M | $14.8M | $16.6M | +17.7% |
| Total liabilities | $5.9M | $5.4M | $5.4M | $6.5M | $7.5M | +26.0% |
| Net assets | $8.2M | $8.4M | $8.4M | $8.3M | $9.1M | +11.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
MATTHEW WHARTON GOLF COURSE SUPERINTENDANT· 40h/wk | $165,385 | $15,402 |
PETER GARVEY Head Golf Professional· 40h/wk | $127,896 | $4,611 |
JULIE B FRITSCHE MANAGER· 40h/wk | $108,470 | $1,995 |
+ 12 unpaid officers/directors as reported (ANNE STILZ, BRIAN MCCARTY, CHRIS YOUNG, +9 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Peter Garvey LEXINGTON, KY | Management services | $525,476 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $5,157,943 |
| GREEN FEES | $570,890 |
| CLUB ACTIVITY FEES | $276,259 |
| TENNIS & WELLNESS FEES | $33,748 |
| POOL | $20,590 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.3M
▲ $142K new borrowing
Net land, buildings & equipment
$11.1M
book value, net of depreciation
Facility age
62%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $126,067 |
| Occupancy | $468,363 |
| Depreciation & depletion | $965,786 |
| Information technology | $72,334 |
| Office expenses | $77,515 |
| Accounting fees | $19,200 |
| Other professional fees | $212,238 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
IDLE HOUR COUNTRY CLUB 401(K) PROFIT SHARING PLAN
pension · 50 participants · $630K assets · FY2024
IFounded in 1948, Idle Hour Country Club Inc reported $7.94M of revenue for FY23, at an operating margin of -11.3%. Revenue moved up 9.6% 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
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