ABIL501(c)(7) · MEDIUMNAICS 713910EIN 75-0101320
Abilene Country Club Inc
Abilene, TX · founded 1941
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$10.21M
▲ 14.4% YoY
FY23 Total Expenses
$9.07M
▲ 5.3% YoY
Operating Margin
11.2%
revenue minus expenses ÷ revenue
Employees
370
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$10.2M
▲ 34.3% / 5y
Expenses
$9.1M
▲ 23.9% / 5y
Total Assets
$13.8M
▲ 34.0% / 5y
Total Liabilities
$2.4M
▲ 175.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $7.6M | $7.2M | $7.2M | $8.9M | $10.2M | +34.3% |
| Expenses | $7.3M | $7.0M | $7.0M | $8.6M | $9.1M | +23.9% |
| Net surplus | $282K | $173K | $173K | $314K | $1.1M | +305.0% |
| Total assets | $10.3M | $10.8M | $10.8M | $11.3M | $13.8M | +34.0% |
| Total liabilities | $861K | $823K | $823K | $923K | $2.4M | +175.6% |
| Net assets | $9.5M | $10.0M | $10.0M | $10.3M | $11.5M | +21.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
STACY WATSON COO· 60h/wk | $228,663 | — |
JAMES TIDWELL JR Director of Golf· 45h/wk | $163,527 | — |
BENNY MORENTIN Director of Racquets· 45h/wk | $138,438 | — |
+ 9 unpaid officers/directors as reported (ASHTON ANDERSON, BILL WOOD, CHRIS PROCTOR, +6 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 & ASSESSMENTS | $6,384,751 |
| OTHER GOLF INCOME | $888,608 |
| GOLF CART RENTALS | $360,102 |
| GREEN FEES | $212,870 |
| MOTORIZED TRAIL FEE | $205,575 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$632K
▲ $622K new borrowing
Net land, buildings & equipment
$11.0M
book value, net of depreciation
Facility age
58%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $280 |
| Insurance | $317,132 |
| Depreciation & depletion | $752,279 |
| Office expenses | $406,555 |
| Accounting fees | $27,139 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
ABILENE COUNTRY CLUB 401(K) PLAN
pension · 125 participants · $1.1M assets · FY2024
AFounded in 1941, Abilene Country Club Inc reported $10.21M of revenue for FY23, at an operating margin of 11.2%. Revenue moved up 14.4% 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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