THWI501(c)(7) · MEDIUMNAICS 713910EIN 73-0540093
Twin Hills Golf And Country Club Inc
Oklahoma City, OK · founded 1962
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$5.94M
▲ 39.0% YoY
FY23 Total Expenses
$5.61M
▲ 27.1% YoY
Operating Margin
5.6%
revenue minus expenses ÷ revenue
Employees
154
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$5.9M
▲ 39.8% / 5y
Expenses
$5.6M
▲ 29.9% / 5y
Total Assets
$13.6M
▲ 204.3% / 5y
Total Liabilities
$6.9M
▲ 1022.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.3M | $4.4M | $4.4M | $4.3M | $5.9M | +39.8% |
| Expenses | $4.3M | $3.9M | $3.9M | $4.4M | $5.6M | +29.9% |
| Net surplus | -$68K | $491K | $491K | -$138K | $333K | -588.9% |
| Total assets | $4.5M | $5.8M | $5.8M | $10.9M | $13.6M | +204.3% |
| Total liabilities | $613K | $855K | $855K | $5.3M | $6.9M | +1022.0% |
| Net assets | $3.9M | $5.0M | $5.0M | $5.6M | $6.7M | +74.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
PAUL HUGHS General Manager· 100h/wk | $149,579 | — |
JERRY BROUGHTON GROUNDS AND GREEN SUPER· 100h/wk | $116,872 | — |
+ 13 unpaid officers/directors as reported (CLIFF MCKAUGHAN, DAVID DEGEARE, DOUG PERRY, +10 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 |
|---|---|
| TOURNAMENTS/FEES | $777,263 |
| SWIMMING POOL FEE | $6,239 |
| ROOM RENTAL | $4,350 |
| CART RENTALS | $2,997 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$6.0M
▲ $954K new borrowing
Net land, buildings & equipment
$12.2M
book value, net of depreciation
Facility age
39%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $268,820 |
| Occupancy | $43,581 |
| Depreciation & depletion | $564,747 |
| Information technology | $14,608 |
| Advertising & promotion | $28,859 |
| Accounting fees | $14,751 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
TWIN HILLS GOLF & COUNTRY CLUB, INC. 401(K) RETIREMENT PLAN
pension · 45 participants · $1.8M assets · FY2024
TFounded in 1962, Twin Hills Golf And Country Club Inc reported $5.94M of revenue for FY23, at an operating margin of 5.6%. Revenue moved up 39.0% 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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