FRAN501(c)(7) · MEDIUMNAICS 713910EIN 61-0486804
Franklin Country Club Inc
Franklin, KY · founded 1964
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.22M
▲ 4.4% YoY
FY23 Total Expenses
$1.18M
▲ 8.9% YoY
Operating Margin
3.0%
revenue minus expenses ÷ revenue
Employees
58
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.2M
▲ 34.1% / 5y
Expenses
$1.2M
▲ 47.4% / 5y
Total Assets
$1.4M
▲ 65.0% / 5y
Total Liabilities
$633K
▲ 166.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $908K | $908K | $1.0M | $1.2M | $1.2M | +34.1% |
| Expenses | $801K | $801K | $943K | $1.1M | $1.2M | +47.4% |
| Net surplus | $107K | $107K | $78K | $81K | $36K | -66.0% |
| Total assets | $877K | $877K | $1.5M | $1.5M | $1.4M | +65.0% |
| Total liabilities | $237K | $237K | $765K | $700K | $633K | +166.9% |
| Net assets | $639K | $639K | $707K | $784K | $813K | +27.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
BRANDY COATES SECRETARY/POOL MANAGER· 10h/wk | $6,540 | — |
+ 9 unpaid officers/directors as reported (ANGIE DEATON, BILL KELLY, BRIAN DELK, +6 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 INCOME | $149,980 |
| RENTAL & STORAGE | $41,267 |
| POOL & MISC. | $19,788 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$622K
▼ $66K paid down
Net land, buildings & equipment
$1.0M
book value, net of depreciation
Facility age
69%
accumulated depreciation ÷ cost — higher = older plant
Tax-exempt bond liabilities
$0
end of year
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $23,795 |
| Occupancy | $109,409 |
| Depreciation & depletion | $125,742 |
| Information technology | $0 |
| Advertising & promotion | $6,920 |
| Office expenses | $25,914 |
| Legal fees | $0 |
| Accounting fees | $5,064 |
| Other professional fees | $0 |
FFounded in 1964, Franklin Country Club Inc reported $1.22M of revenue for FY23, at an operating margin of 3.0%. Revenue moved up 4.4% 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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