MUSG501(c)(7) · MEDIUMNAICS 713910EIN 63-0263276
Musgrove Country Club Inc
Jasper, AL · founded 1934
14 filings on recordFY 2011–2024medium confidence
Compare to peers →FY24 Total Revenue
$2.59M
▲ 8.2% YoY
FY24 Total Expenses
$2.56M
▲ 9.5% YoY
Operating Margin
1.0%
revenue minus expenses ÷ revenue
Employees
0
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2024 · as filed
Revenue
$2.6M
▲ 16.1% / 5y
Expenses
$2.6M
▲ 39.7% / 5y
Total Assets
$3.3M
▲ 39.6% / 5y
Total Liabilities
$1.7M
▲ 22.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY24 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.2M | $2.2M | $2.5M | $2.4M | $2.6M | +16.1% |
| Expenses | $1.8M | $1.8M | $2.0M | $2.3M | $2.6M | +39.7% |
| Net surplus | $395K | $395K | $538K | $53K | $27K | -93.2% |
| Total assets | $2.4M | $2.4M | $3.5M | $3.3M | $3.3M | +39.6% |
| Total liabilities | $1.4M | $1.4M | $2.0M | $1.7M | $1.7M | +22.9% |
| Net assets | $963K | $963K | $1.5M | $1.6M | $1.6M | +64.1% |
Officer & staff compensation
FY24 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 13 unpaid officers/directors as reported (BETH THORNE STUKES, BILL COONS, CRAIG DENNIS, +10 more)
All 13 listed officers reported $0 compensation — volunteer board.
Top contractors
FY24 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY24 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERS DUES | $1,375,902 |
| CART RENTAL | $282,764 |
| GREEN FEES | $132,810 |
| SALES-RANGE BALLS | $44,940 |
| TOURN FEES - MEMBER/GUEST | $33,000 |
Balance sheet & capital
FY24 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$2.1M
book value, net of depreciation
Facility age
64%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY24 · Form 990, Part IX
| Insurance | $170,541 |
| Depreciation & depletion | $345,571 |
| Advertising & promotion | $32,991 |
| Office expenses | $38,470 |
| Accounting fees | $30,285 |
MFounded in 1934, Musgrove Country Club Inc reported $2.59M of revenue for FY24, at an operating margin of 1.0%. Revenue moved up 8.2% 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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