HARD501(c)(7) · MEDIUMNAICS 713910EIN 71-0081670
Hardscrabble Country Club
Fort Smith, AR · founded 1952
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.50M
▼ 0.3% YoY
FY23 Total Expenses
$4.07M
▲ 7.6% YoY
Operating Margin
9.5%
revenue minus expenses ÷ revenue
Employees
93
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$4.5M
▲ 28.7% / 5y
Expenses
$4.1M
▲ 11.9% / 5y
Total Assets
$4.3M
▲ 72.6% / 5y
Total Liabilities
$1.5M
▲ 55.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.5M | $3.5M | $3.5M | $4.5M | $4.5M | +28.7% |
| Expenses | $3.6M | $3.4M | $3.4M | $3.8M | $4.1M | +11.9% |
| Net surplus | -$142K | $100K | $100K | $729K | $428K | -400.9% |
| Total assets | $2.5M | $2.4M | $2.4M | $3.4M | $4.3M | +72.6% |
| Total liabilities | $993K | $771K | $771K | $1.0M | $1.5M | +55.2% |
| Net assets | $1.5M | $1.7M | $1.7M | $2.4M | $2.8M | +84.1% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
JON BURTON Head Golf Professional· 50h/wk | $469,791 | — |
SCOTT HICKEY DIRECTOR OF AGRONOMY· 50h/wk | $156,829 | — |
+ 10 unpaid officers/directors as reported (CHIP PARIS, CHRIS DONELSON, COLE WASINGER, +7 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 | $2,563,880 |
| CAPITAL EXPENDITURE | $461,843 |
| RENTALS | $282,651 |
| TOURNAMENT & GUEST FEES | $247,316 |
| SPECIAL ASSESSMENT | $21,632 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$889K
▲ $593K new borrowing
Net land, buildings & equipment
$3.6M
book value, net of depreciation
Facility age
70%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Occupancy | $427,228 |
| Depreciation & depletion | $319,477 |
| Information technology | $34,291 |
| Advertising & promotion | $87,762 |
| Office expenses | $232,067 |
| Accounting fees | $13,800 |
HFounded in 1952, Hardscrabble Country Club reported $4.50M of revenue for FY23, at an operating margin of 9.5%. Revenue moved down 0.3% 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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