SOME501(c)(7) · MEDIUMNAICS 713910EIN 62-0785978
Somerville Country Club Inc
Somerville, TN · founded 1975
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$207k
▼ 22.6% YoY
FY23 Total Expenses
$199k
▼ 16.4% YoY
Operating Margin
3.8%
revenue minus expenses ÷ revenue
Employees
13
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$207K
▼ 6.5% / 5y
Expenses
$199K
▼ 7.3% / 5y
Total Assets
$138K
▲ 10.5% / 5y
Total Liabilities
$126K
▼ 27.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $221K | $285K | $285K | $268K | $207K | -6.5% |
| Expenses | $215K | $273K | $273K | $238K | $199K | -7.3% |
| Net surplus | $7K | $12K | $12K | $29K | $8K | +21.6% |
| Total assets | $125K | $88K | $88K | $134K | $138K | +10.5% |
| Total liabilities | $173K | $131K | $131K | $148K | $126K | -27.4% |
| Net assets | -$48K | -$43K | -$43K | -$14K | $12K | -125.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 7 unpaid officers/directors as reported (DAVE RHEA, DEREK GODDARD, ISAAC ARMOUR, +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 | $2,998 |
| SWIMMING POOL | $1,186 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$122K
▼ $22K paid down
Net land, buildings & equipment
$117K
book value, net of depreciation
Facility age
42%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $9,471 |
| Occupancy | $44,479 |
| Depreciation & depletion | $6,020 |
| Information technology | $4,316 |
| Advertising & promotion | $349 |
| Office expenses | $1,138 |
| Accounting fees | $650 |
SFounded in 1975, Somerville Country Club Inc reported $207k of revenue for FY23, at an operating margin of 3.8%. Revenue moved down 22.6% 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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