RIDG501(c)(7) · MEDIUMNAICS 713910EIN 62-0337895
Ridgeway Country Club Inc
Memphis, TN · founded 1943
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$7.54M
▲ 6.9% YoY
FY23 Total Expenses
$7.05M
▲ 14.1% YoY
Operating Margin
6.5%
revenue minus expenses ÷ revenue
Employees
310
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$7.5M
▲ 50.2% / 5y
Expenses
$7.1M
▲ 53.0% / 5y
Total Assets
$14.9M
▲ 81.1% / 5y
Total Liabilities
$7.8M
▲ 88.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $5.0M | $6.0M | $6.0M | $7.1M | $7.5M | +50.2% |
| Expenses | $4.6M | $5.7M | $5.7M | $6.2M | $7.1M | +53.0% |
| Net surplus | $411K | $316K | $316K | $878K | $491K | +19.4% |
| Total assets | $8.2M | $12.3M | $12.3M | $13.9M | $14.9M | +81.1% |
| Total liabilities | $4.1M | $7.9M | $7.9M | $7.5M | $7.8M | +88.9% |
| Net assets | $4.1M | $4.4M | $4.4M | $6.4M | $7.1M | +73.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
STEPHEN L HALL General Manager· 55h/wk | $302,070 | $40,085 |
RICHARD J CRUTCHER Head Tennis Professional· 40h/wk | $140,691 | $28,773 |
VALERIE HALL Executive Chef· 40h/wk | $122,352 | $28,825 |
AMY HAWKINS Controller· 40h/wk | $116,432 | $20,429 |
RORY BRANSON Golf Course Superintendent· 40h/wk | $102,655 | $15,242 |
+ 11 unpaid officers/directors as reported (ART SEESSEL, BILL SAMISCH, DAVID WILDER, +8 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Keith Penke COLLIERVILLE, TN | Management services | $659,421 |
| Clayborn Cleaning Services OLIVE BRANCH, MS | Security & staffing | $105,059 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES & ASSESSMENTS | $5,899,486 |
| GOLF COURSE AND RELATED ACTIVITIE | $962,567 |
| CLUBHOUSE AND RELATED ACTIVITIES | $148,672 |
| TENNIS FACILITY | $44,185 |
| SWIMMING POOL | $21,582 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$5.6M
▼ $278K paid down
Net land, buildings & equipment
$11.4M
book value, net of depreciation
Facility age
44%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $87,800 |
| Insurance | $206,054 |
| Depreciation & depletion | $777,155 |
| Advertising & promotion | $25,123 |
| Office expenses | $168,251 |
| Legal fees | $4,501 |
| Accounting fees | $24,115 |
| Other professional fees | $813,712 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
RIDGEWAY COUNTRY CLUB 401(K) PROFIT SHARING PLAN & TRUST
pension · 65 participants · $1.2M assets · FY2024
RFounded in 1943, Ridgeway Country Club Inc reported $7.54M of revenue for FY23, at an operating margin of 6.5%. Revenue moved up 6.9% 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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