HOOV501(c)(7) · MEDIUMNAICS 713910EIN 63-0413961
Hoover Country Club
Hoover, AL · founded 1965
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$6.14M
▲ 10.6% YoY
FY23 Total Expenses
$5.82M
▲ 10.4% YoY
Operating Margin
5.2%
revenue minus expenses ÷ revenue
Employees
199
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$6.1M
▲ 40.0% / 5y
Expenses
$5.8M
▲ 37.9% / 5y
Total Assets
$8.3M
▲ 36.3% / 5y
Total Liabilities
$3.8M
▲ 45.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.4M | $4.7M | $4.7M | $5.6M | $6.1M | +40.0% |
| Expenses | $4.2M | $4.4M | $4.4M | $5.3M | $5.8M | +37.9% |
| Net surplus | $167K | $317K | $317K | $281K | $322K | +93.0% |
| Total assets | $6.1M | $6.0M | $6.0M | $6.2M | $8.3M | +36.3% |
| Total liabilities | $2.6M | $2.2M | $2.2M | $2.0M | $3.8M | +45.8% |
| Net assets | $3.5M | $3.8M | $3.8M | $4.2M | $4.6M | +29.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
MARK GRISHAM General Manager· 40h/wk | $162,607 | $4,878 |
LARRY ROBINSON Golf Course Superintendent· 40h/wk | $111,308 | $3,339 |
JACOB SPOTT Director of Golf· 40h/wk | $107,666 | $3,230 |
+ 16 unpaid officers/directors as reported (ANDY MCRAE, BERT CRENSHAW, BILL WHITE, +13 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 |
|---|---|
| MEMBERSHIP DUES | $4,143,770 |
| GOLF | $819,867 |
| TENNIS | $62,619 |
| LOCKER ROOM | $16,700 |
| SWIMMING | $5,400 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$3.3M
▲ $1.9M new borrowing
Net land, buildings & equipment
$4.0M
book value, net of depreciation
Facility age
70%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $35,535 |
| Occupancy | $438,912 |
| Depreciation & depletion | $541,558 |
| Information technology | $49,834 |
| Office expenses | $80,538 |
| Legal fees | $292 |
| Accounting fees | $25,418 |
HFounded in 1965, Hoover Country Club reported $6.14M of revenue for FY23, at an operating margin of 5.2%. Revenue moved up 10.6% 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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