HURS501(c)(7) · MEDIUMNAICS 713910EIN 61-0708294
Hurstbourne Country Club Inc
Louisville, KY · founded 1972
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$7.47M
▼ 9.6% YoY
FY23 Total Expenses
$7.06M
▲ 6.9% YoY
Operating Margin
5.5%
revenue minus expenses ÷ revenue
Employees
230
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$7.5M
▲ 33.4% / 5y
Expenses
$7.1M
▲ 24.5% / 5y
Total Assets
$14.9M
▲ 60.3% / 5y
Total Liabilities
$5.9M
▲ 60.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $5.6M | $6.8M | $6.8M | $8.3M | $7.5M | +33.4% |
| Expenses | $5.7M | $5.6M | $5.6M | $6.6M | $7.1M | +24.5% |
| Net surplus | -$73K | $1.2M | $1.2M | $1.7M | $409K | -657.6% |
| Total assets | $9.3M | $10.3M | $10.3M | $11.8M | $14.9M | +60.3% |
| Total liabilities | $3.7M | $3.3M | $3.3M | $3.2M | $5.9M | +60.7% |
| Net assets | $5.6M | $6.9M | $6.9M | $8.6M | $9.0M | +60.1% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
WALTER PRITCHETT Golf Course Superintendent· 40h/wk | $176,869 | $15,816 |
DANNY BARON Director of Golf· 40h/wk | $168,213 | $19,906 |
TERRI GREENWELL DIRECTOR OF FINANCE AND HR· 40h/wk | $111,885 | $6,345 |
CHRIS HAMBURGER DIRECTOR OF CLUB OPERATIONS (EFFECTIVE 7.17.23)· 40h/wk | $77,595 | — |
+ 16 unpaid officers/directors as reported (BILL JESSEE, BLAKE EDWARDS, BRITTANY CLAYTON, +13 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Buffalo Construction Inc LOUISVILLE, KY | Construction & renovation | $2,475,287 |
| Medalist Golf Inc CUMMING, GA | Construction & renovation | $983,331 |
| Triple H Services NEWLAND, NC | Turf & grounds | $248,339 |
| Grassmasters LOUISVILLE, KY | Turf & grounds | $168,377 |
| Bob Ray Co Inc LOUISVILLE, KY | Turf & grounds | $139,139 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES AND ASSESSMENTS | $4,219,869 |
| GREEN FEES AND GOLF CART RENTALS | $724,053 |
| INITIATION FEES | $590,233 |
| LOCKER ROOM RENTALS | $49,066 |
| OTHER GOLF REVENUES | $47,715 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$4.6M
▲ $2.8M new borrowing
Net land, buildings & equipment
$12.2M
book value, net of depreciation
Facility age
50%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $154,193 |
| Occupancy | $269,887 |
| Depreciation & depletion | $644,093 |
| Information technology | $62,693 |
| Office expenses | $148,552 |
| Accounting fees | $18,525 |
| Other professional fees | $16,724 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
HURSTBOURNE COUNTRY CLUB INC. 401(K) PLAN
pension · 40 participants · $1.6M assets · FY2024
HURSTBOURNE COUNTRY CLUB CBS BENEFIT PLAN
welfare · 28 participants · $19K assets · FY2024
HFounded in 1972, Hurstbourne Country Club Inc reported $7.47M of revenue for FY23, at an operating margin of 5.5%. Revenue moved down 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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