FERN501(c)(7) · MEDIUMNAICS 713910EIN 64-0319576
Fernwood Country Club
Fernwood, MS · founded 1970
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$971k
▲ 22.7% YoY
FY23 Total Expenses
$951k
▲ 1.9% YoY
Operating Margin
2.1%
revenue minus expenses ÷ revenue
Employees
41
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$971K
▲ 31.8% / 5y
Expenses
$951K
▲ 42.9% / 5y
Total Assets
$1.2M
▼ 19.3% / 5y
Total Liabilities
$747K
▼ 22.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $737K | $737K | $836K | $792K | $971K | +31.8% |
| Expenses | $666K | $666K | $783K | $933K | $951K | +42.9% |
| Net surplus | $72K | $72K | $53K | -$141K | $21K | -71.2% |
| Total assets | $1.4M | $1.4M | $1.4M | $1.2M | $1.2M | -19.3% |
| Total liabilities | $960K | $960K | $886K | $821K | $747K | -22.2% |
| Net assets | $489K | $489K | $543K | $402K | $423K | -13.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 9 unpaid officers/directors as reported (BECK TROUTMAN, CHARLES BEENE, CHUCK PAULK, +6 more)
All 9 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 |
|---|---|
| MEMBERSHIP DUES | $398,762 |
| SALE OF EASEMENT | $144,950 |
| GOLF COURSE | $72,817 |
| GOLF COURSE | $60,581 |
| OTHER | $49,838 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$581K
▼ $56K paid down
Net land, buildings & equipment
$997K
book value, net of depreciation
Facility age
67%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $83,410 |
| Depreciation & depletion | $83,376 |
| Accounting fees | $1,500 |
FFounded in 1970, Fernwood Country Club reported $971k of revenue for FY23, at an operating margin of 2.1%. Revenue moved up 22.7% 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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