SHOU501(c)(7) · MEDIUMNAICS 713910EIN 73-0475850
Southern Hills Country Club
Tulsa, OK · founded 1937
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$19.84M
▼ 13.0% YoY
FY23 Total Expenses
$18.14M
▼ 6.3% YoY
Operating Margin
8.6%
revenue minus expenses ÷ revenue
Employees
492
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$19.8M
▲ 38.0% / 5y
Expenses
$18.1M
▲ 32.2% / 5y
Total Assets
$64.0M
▲ 1.5% / 5y
Total Liabilities
$37.9M
▲ 44.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $14.4M | $17.3M | $17.3M | $22.8M | $19.8M | +38.0% |
| Expenses | $13.7M | $15.1M | $15.1M | $19.4M | $18.1M | +32.2% |
| Net surplus | $656K | $2.2M | $2.2M | $3.4M | $1.7M | +160.6% |
| Total assets | $63.0M | $59.8M | $59.8M | $58.8M | $64.0M | +1.5% |
| Total liabilities | $26.2M | $21.4M | $21.4M | $17.1M | $37.9M | +44.6% |
| Net assets | $36.8M | $38.3M | $38.3M | $41.6M | $26.1M | -29.1% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
NICHOLAS S SIDORAKIS General Manager· 40h/wk | $615,294 | $49,179 |
ASHLEY WATLING Head Tennis Professional· 40h/wk | $309,872 | $24,617 |
JAY JOHNSON Assistant General Manager· 40h/wk | $263,809 | $15,984 |
CARY J COZBY Director of Golf· 40h/wk | $244,008 | $44,014 |
RYAN B RODY DIRECTOR OF GOLF INSTRUCTION· 40h/wk | $197,320 | $22,679 |
ALEXANDER D PIERCE Executive Chef· 40h/wk | $194,511 | $16,196 |
SCOTT BOOREN Chief Financial Officer· 40h/wk | $159,821 | $20,816 |
+ 13 unpaid officers/directors as reported (BRETT PRATT, CASEY LAMB, CHRIS BUMGARNER, +10 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Cozby Golf LLC TULSA, OK | Management services | $1,736,067 |
| Watling Tennis LLC TULSA, OK | Pool & racquet | $264,962 |
| Helen Washecheck PC TULSA, OK | PHYSICAL THERAPY | $151,447 |
| Lyla'S Floral Expressions BROKEN ARROW, OK | FLORAL SERVICES | $121,395 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES & ASSESSMENTS | $18,290,593 |
| GREEN FEES | $1,043,728 |
| OTHER GOLF FEES | $198,314 |
| FITNESS CENTER | $196,899 |
| TENNIS FEES | $192,433 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$15.2M
▲ $5.1M new borrowing
Net land, buildings & equipment
$52.5M
book value, net of depreciation
Facility age
43%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $390,440 |
| Occupancy | $885,714 |
| Depreciation & depletion | $3,661,521 |
| Information technology | $138,589 |
| Office expenses | $92,122 |
| Other professional fees | $375,136 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
SOUTHERN HILLS COUNTRY CLUB RETIREMENT SAVINGS PLAN
pension · 194 participants · FY2024
| Service provider | Paid |
|---|---|
| Bokf, Na | $8,216 |
SFounded in 1937, Southern Hills Country Club reported $19.84M of revenue for FY23, at an operating margin of 8.6%. Revenue moved down 13.0% 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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