LAKE501(c)(7) · MEDIUMNAICS 713910EIN 62-0541303
Lakewood Golf & Country Club
Tullahoma, TN · founded 1988
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.70M
▲ 4.4% YoY
FY23 Total Expenses
$1.69M
▲ 17.8% YoY
Operating Margin
0.4%
revenue minus expenses ÷ revenue
Employees
59
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.7M
▲ 37.7% / 5y
Expenses
$1.7M
▲ 33.3% / 5y
Total Assets
$1.4M
▲ 1.5% / 5y
Total Liabilities
$1.0M
▼ 18.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.2M | $1.3M | $1.3M | $1.6M | $1.7M | +37.7% |
| Expenses | $1.3M | $1.3M | $1.3M | $1.4M | $1.7M | +33.3% |
| Net surplus | -$35K | $36K | $36K | $192K | $8K | -121.8% |
| Total assets | $1.4M | $1.4M | $1.4M | $1.5M | $1.4M | +1.5% |
| Total liabilities | $1.2M | $1.2M | $1.2M | $1.1M | $1.0M | -18.0% |
| Net assets | $154K | $198K | $198K | $390K | $397K | +158.5% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 8 unpaid officers/directors as reported (Betty Hand, Bita Jordan, Bryan Hall, +5 more)
All 8 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 |
|---|---|
| Tennis, Pool, & Golf Fees | $385,763 |
| Facility Fees | $25,119 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$839K
▼ $85K paid down
Net land, buildings & equipment
$930K
book value, net of depreciation
Facility age
81%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $57,919 |
| Occupancy | $84,812 |
| Depreciation & depletion | $92,159 |
| Information technology | $0 |
| Advertising & promotion | $3,048 |
| Office expenses | $2,657 |
| Legal fees | $0 |
| Accounting fees | $17,894 |
| Other professional fees | $0 |
LFounded in 1988, Lakewood Golf & Country Club reported $1.70M of revenue for FY23, at an operating margin of 0.4%. 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
The Quarterly · free
Get Lakewood Golf & Country Club’s next filing — the day it posts.
We read every 990 so you don't have to — new filings, compensation moves, and the figures worth knowing, four times a year.
Quarterly only · no spam
Free · quarterly · unsubscribe in one click
Similar clubs
matched on revenue, geography & business mix
Same revenue band
NORFNorfolk Country Club
Revenue $1.7M — near your $1.7M
$1.7Mcompare →
CSOLCold Springs Golf & Country Club
Revenue $1.7M — near your $1.7M
$1.7Mcompare →
CLYPCypress Lakes Golf Club Inc
Revenue $1.7M — near your $1.7M
$1.7Mcompare →
Same state · TN
OHLDOld Hickory Country Club
TN club · $1.8M
$1.8Mcompare →
ORAKOak Ridge Country Club Inc
TN club · $1.6M
$1.6Mcompare →
COVICovington Country Club Inc
TN club · $1.8M
$1.8Mcompare →
Similar revenue mix
FARIFaribault Golf & Country Club
100% similar revenue mix
$1.1Mcompare →
NORFNorfolk Golf Club
100% similar revenue mix
$1.9Mcompare →
KOKOKokomo Country Club
100% similar revenue mix
$1.3Mcompare →
Similar payroll intensity
SYLVSylvania Country Club
Payroll intensity 40.5% · near your 40.5%
$4.3Mcompare →
PRINPrineville Golf Club
Payroll intensity 40.5% · near your 40.5%
$455Kcompare →
CSLIClifton Springs Country Club Inc
Payroll intensity 40.5% · near your 40.5%
$765Kcompare →