RIVE501(c)(7) · MEDIUMNAICS 713910EIN 63-0713336
Riverchase Country Club
Hoover, AL · founded 1978
13 filings on recordFY 2011–2022medium confidence
Compare to peers →FY22 Total Revenue
$4.06M
▲ 13.8% YoY
FY22 Total Expenses
$4.01M
▲ 8.2% YoY
Operating Margin
1.3%
revenue minus expenses ÷ revenue
Employees
121
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2022 · as filed
Revenue
$4.1M
▲ 73.8% / 5y
Expenses
$4.0M
▲ 68.2% / 5y
Total Assets
$3.9M
▲ 18.0% / 5y
Total Liabilities
$1.9M
▲ 23.7% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY19 | FY20 | FY21 | FY22 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.3M | $3.5M | $3.6M | $3.6M | $4.1M | +73.8% |
| Expenses | $2.4M | $3.8M | $3.7M | $3.7M | $4.0M | +68.2% |
| Net surplus | -$46K | -$240K | -$133K | -$133K | $54K | -218.3% |
| Total assets | $3.3M | $3.3M | $3.3M | $3.3M | $3.9M | +18.0% |
| Total liabilities | $1.5M | $1.7M | $1.4M | $1.4M | $1.9M | +23.7% |
| Net assets | $1.7M | $1.6M | $1.9M | $1.9M | $1.9M | +12.8% |
Officer & staff compensation
FY22 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 11 unpaid officers/directors as reported (ASHLEY LENNEX, BRIAN BRADAC, CHRIS CLARK, +8 more)
All 11 listed officers reported $0 compensation — volunteer board.
Top contractors
FY22 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY22 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $2,620,576 |
| FOOD AND BEVERAGE | $984,115 |
| GOLF COURSE | $315,310 |
| POOL AND TENNIS | $47,341 |
| FITNESS AND LOCKER | $15,390 |
Balance sheet & capital
FY22 · IRS Form 990, Part X
Mortgages & notes payable
$1.3M
▲ $249K new borrowing
Net land, buildings & equipment
$3.3M
book value, net of depreciation
Facility age
74%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY22 · Form 990, Part IX
| Insurance | $186,338 |
| Occupancy | $233,012 |
| Depreciation & depletion | $297,738 |
| Advertising & promotion | $14,072 |
| Other professional fees | $174,466 |
RFounded in 1978, Riverchase Country Club reported $4.06M of revenue for FY22, at an operating margin of 1.3%. Revenue moved up 13.8% 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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