LAKE501(c)(7) · MEDIUMNAICS 713910EIN 75-0383870

Lakewood Country Club

Dallas, TX · founded 1935
12 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$16.22M
▲ 14.2% YoY
FY23 Total Expenses
$18.77M
▲ 12.1% YoY
Operating Margin
-15.7%
revenue minus expenses ÷ revenue
Employees
477
headcount as reported on filing

The Five-Year Picture

FY2018 — FY2023 · as filed
Revenue
$16.2M
▲ 16.3% / 5y
13.912.912.914.216.2
Expenses
$18.8M
▲ 31.6% / 5y
14.315.215.216.818.8
Total Assets
$40.2M
▲ 7.5% / 5y
37.336.536.536.040.2
Total Liabilities
$3.5M
▼ 69.6% / 5y
11.45.45.43.93.5

Year-on-year detail

from IRS Form 990
LineFY18FY20FY21FY22FY23Δ total
Revenue$13.9M$12.9M$12.9M$14.2M$16.2M+16.3%
Expenses$14.3M$15.2M$15.2M$16.8M$18.8M+31.6%
Net surplus-$316K-$2.3M-$2.3M-$2.5M-$2.5M+705.6%
Total assets$37.3M$36.5M$36.5M$36.0M$40.2M+7.5%
Total liabilities$11.4M$5.4M$5.4M$3.9M$3.5M-69.6%
Net assets$25.9M$31.1M$31.1M$32.0M$36.7M+41.5%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
RAYMOND M DE TULLIO
General Manager· 40h/wk
$346,635$70,020
WILLIAM A KOVAL
Executive Chef· 40h/wk
$296,731$40,160
CRAIG LIDDLE
Head Golf Professional· 40h/wk
$203,455$33,354
MICHAEL R HISCOCKS
CURRENT COMPTROLLER· 40h/wk
$195,838$28,893
MICHAEL D PLUMMER
Golf Course Superintendent· 40h/wk
$178,915$16,649
JEFFREY MAYFIELD
Food & Beverage Director· 40h/wk
$134,231$12,073
MACKENZIE TRIANA
CLUBHOUSE MANAGER· 40h/wk
$133,000$24,500
JOSEPH DAVIS
FACILITIES DIRECTOR· 40h/wk
$130,000$448
JULIA MONTENEGRO
Human Resources Director· 40h/wk
$120,200$9,309
JAY BEWLEY
Director of Racquets· 40h/wk
$119,115$33,790
PATRICIA HOLT
Head Golf Professional· 40h/wk
$110,003$8,813
JOHANNA FEIN
Membership Director· 40h/wk
$106,802$11,481
ALEXANDER CURNUTT
Head Golf Professional· 40h/wk
$106,313$10,860
DWAYNE SMITH
Sous Chef· 40h/wk
$103,800$10,789

+ 14 unpaid officers/directors as reported (DAN H NOBLE, DAVID RAMBIE, KEVIN B YOUNGBLOOD, +11 more)

Top contractors

FY23 · vendors paid $100k+ as reported
VendorServicePaid
CRAIG LIDDLE - CAL GOLF SHOP LLC
DALLAS, TX
GOLF PRO$939,931
JAY BEWLEY - LAKEWOOD RACQUETS
DALLAS, TX
TENNIS PRO$783,211
LACI WEEKS - SFC FITNESS HEALTH
BOERNE, TX
PERSONAL TRAINER$141,891

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES AND ASSESSMENT$9,179,195
SWIMMING, TENNIS AND GOLF$1,774,701

LFounded in 1935, Lakewood Country Club reported $16.22M of revenue for FY23, at an operating margin of -15.7%. Revenue moved up 14.2% 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
Form 990, FY2023 · period ending Sat Sep 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Fri Sep 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Thu Sep 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 9 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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