LAKE501(c)(7) · MEDIUMNAICS 713910EIN 61-0715153
Lakeshore Country Club Inc
Madisonville, KY · founded 1970
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$469k
▲ 6.7% YoY
FY23 Total Expenses
$432k
▲ 7.9% YoY
Operating Margin
8.1%
revenue minus expenses ÷ revenue
Employees
22
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$469K
▲ 31.0% / 5y
Expenses
$432K
▲ 11.6% / 5y
Total Assets
$754K
▲ 10.3% / 5y
Total Liabilities
$673K
▼ 8.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $358K | $410K | $410K | $440K | $469K | +31.0% |
| Expenses | $387K | $378K | $378K | $400K | $432K | +11.6% |
| Net surplus | -$28K | $32K | $32K | $40K | $38K | -232.8% |
| Total assets | $683K | $751K | $751K | $768K | $754K | +10.3% |
| Total liabilities | $738K | $748K | $748K | $725K | $673K | -8.8% |
| Net assets | -$54K | $3K | $3K | $43K | $80K | -247.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 7 unpaid officers/directors as reported (AARON JOHNSON, ALAN FREDRICK, ANTHONY MUNGER, +4 more)
All 7 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 |
|---|---|
| GOLF COURSE REVENUE | $215,070 |
| MEMBERSHIP DUES | $163,004 |
| CART SHED RENTS | $7,713 |
| INTERNAL DONATIONS | $565 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$660K
▼ $48K paid down
Net land, buildings & equipment
$712K
book value, net of depreciation
Facility age
64%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $15,320 |
| Occupancy | $21,973 |
| Depreciation & depletion | $30,757 |
| Office expenses | $2,624 |
| Accounting fees | $1,091 |
LFounded in 1970, Lakeshore Country Club Inc reported $469k of revenue for FY23, at an operating margin of 8.1%. Revenue moved up 6.7% 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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