MEMP501(c)(7) · MEDIUMNAICS 713910EIN 62-0291410
Memphis Country Club
Memphis, TN · founded 1934
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$12.83M
▼ 13.6% YoY
FY23 Total Expenses
$12.18M
▲ 21.0% YoY
Operating Margin
5.1%
revenue minus expenses ÷ revenue
Employees
205
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$12.8M
▲ 32.0% / 5y
Expenses
$12.2M
▲ 22.9% / 5y
Total Assets
$45.0M
▲ 167.9% / 5y
Total Liabilities
$23.2M
▲ 258.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $9.7M | $9.6M | $9.6M | $14.8M | $12.8M | +32.0% |
| Expenses | $9.9M | $9.2M | $9.1M | $10.1M | $12.2M | +22.9% |
| Net surplus | -$188K | $341K | $439K | $4.8M | $651K | -445.6% |
| Total assets | $16.8M | $17.9M | $20.1M | $35.2M | $45.0M | +167.9% |
| Total liabilities | $6.5M | $7.2M | $8.3M | $17.8M | $23.2M | +258.5% |
| Net assets | $10.3M | $10.7M | $11.8M | $17.4M | $21.7M | +111.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
MICHAEL E BABB General Manager· 40h/wk | $273,612 | $30,100 |
ANDREW CAIN Head Golf Professional· 40h/wk | $187,172 | $1,790 |
ANDREW W NICHOLS Executive Chef· 40h/wk | $173,347 | $4,719 |
JAMES R VAN FRANK JR CONTROLLER/CFO· 40h/wk | $167,329 | $8,394 |
JASON BRADLEY Golf Course Superintendent· 40h/wk | $165,796 | $13,812 |
LARS JOHAN SVENSSON Head Tennis Professional· 40h/wk | $127,506 | $17,427 |
ROBERT T KENNA CLUBHOUSE MANAGER· 40h/wk | $103,175 | $6,661 |
+ 11 unpaid officers/directors as reported (BENJAMIN W BARKSDALE, DAVID L BOURLAND, GILBERT A ROBINSON IV, +8 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 |
|---|---|
| MERCHANDISE SALES | $659,367 |
| TENNIS FEES | $656,823 |
| GOLF FEES | $649,169 |
| LOCKER RENTALS | $141,095 |
| ROOM RENTALS | $122,256 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$38.3M
book value, net of depreciation
Facility age
36%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $253,211 |
| Occupancy | $633,376 |
| Depreciation & depletion | $1,761,804 |
| Office expenses | $528,175 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
MEMPHIS COUNTRY CLUB 401(K) RETIREMENT PLAN
pension · 91 participants · FY2024
MFounded in 1934, Memphis Country Club reported $12.83M of revenue for FY23, at an operating margin of 5.1%. Revenue moved down 13.6% 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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