SSUL501(c)(7) · MEDIUMNAICS 713910EIN 75-0591400
Sulphur Springs Country Club
Sulphur Spgs, TX · founded 1942
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$3.67M
▲ 11.7% YoY
FY23 Total Expenses
$4.09M
▲ 7.9% YoY
Operating Margin
-11.6%
revenue minus expenses ÷ revenue
Employees
72
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.7M
▲ 71.6% / 5y
Expenses
$4.1M
▲ 93.9% / 5y
Total Assets
$11.2M
▲ 708.4% / 5y
Total Liabilities
$742K
▲ 969.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.1M | $2.8M | $2.8M | $3.3M | $3.7M | +71.6% |
| Expenses | $2.1M | $3.0M | $3.0M | $3.8M | $4.1M | +93.9% |
| Net surplus | $27K | -$159K | -$159K | -$510K | -$424K | -1685.1% |
| Total assets | $1.4M | $2.6M | $2.6M | $6.7M | $11.2M | +708.4% |
| Total liabilities | $69K | $109K | $109K | $246K | $742K | +969.2% |
| Net assets | $1.3M | $2.5M | $2.5M | $6.5M | $10.4M | +694.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
Treasurer/General Manager· 40h/wk | $86,714 | $3,469 |
+ 3 unpaid officers/directors as reported (, , )
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 |
|---|---|
| Golf Income | $1,210,514 |
| Clubhouse Income | $975,168 |
| Other Club Service Income | $143,475 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$394K
▲ $330K new borrowing
Net land, buildings & equipment
$10.6M
book value, net of depreciation
Facility age
9%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $82,161 |
| Occupancy | $231,832 |
| Depreciation & depletion | $310,609 |
| Advertising & promotion | $6,211 |
| Office expenses | $27,437 |
| Legal fees | $16,378 |
| Other professional fees | $640 |
SFounded in 1942, Sulphur Springs Country Club reported $3.67M of revenue for FY23, at an operating margin of -11.6%. Revenue moved up 11.7% 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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