MKHA501(c)(7) · MEDIUMNAICS 713910EIN 61-0436857
Madison Country Club Inc Ky Hwy 388
Richmond, KY · founded 1951
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$220k
▼ 13.9% YoY
FY23 Total Expenses
$237k
▼ 6.4% YoY
Operating Margin
-7.5%
revenue minus expenses ÷ revenue
Employees
1
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$220K
▲ 30.3% / 5y
Expenses
$237K
▲ 36.8% / 5y
Total Assets
$115K
▲ 257.5% / 5y
Total Liabilities
$68K
▲ 1341.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $169K | $180K | $180K | $256K | $220K | +30.3% |
| Expenses | $173K | $169K | $169K | $253K | $237K | +36.8% |
| Net surplus | -$4K | $11K | $11K | $3K | -$17K | +300.5% |
| Total assets | $32K | $45K | $45K | $48K | $115K | +257.5% |
| Total liabilities | $5K | $5K | $5K | $6K | $68K | +1341.7% |
| Net assets | — | $40K | $40K | $42K | $47K | +19.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 5 unpaid officers/directors as reported (HUBERT BROADDUS, JENNIFER CHILDERS, JOHN LOVELL, +2 more)
All 5 listed officers reported $0 compensation — volunteer board.
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 |
|---|---|
| MEMBERS' BEVERAGES/SNACKS | $74,991 |
| MEMBER GOLF FEES | $53,684 |
| NON-MEMBER GOLF FEES | $24,652 |
| SOCIAL EVENTS | $19,862 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$62K
▼ $16K paid down
Net land, buildings & equipment
$101K
book value, net of depreciation
Facility age
63%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $0 |
| Occupancy | $23,430 |
| Depreciation & depletion | $12,621 |
| Information technology | $0 |
| Advertising & promotion | $0 |
| Office expenses | $2,534 |
| Legal fees | $0 |
| Accounting fees | $0 |
| Other professional fees | $990 |
MFounded in 1951, Madison Country Club Inc Ky Hwy 388 reported $220k of revenue for FY23, at an operating margin of -7.5%. Revenue moved down 13.9% 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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