WFIC501(c)(7) · MEDIUMNAICS 713910EIN 75-0732282
Wichita Falls Country Club
Wichita Falls, TX · founded 1948
13 filings on recordFY 2012–2023medium confidence
Compare to peers →FY23 Total Revenue
$5.04M
▲ 0.0% YoY
FY23 Total Expenses
$5.02M
▲ 0.0% YoY
Operating Margin
0.4%
revenue minus expenses ÷ revenue
Employees
201
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2023 · as filed
Revenue
$5.0M
▲ 30.7% / 5y
Expenses
$5.0M
▲ 13.3% / 5y
Total Assets
$4.3M
▼ 1.5% / 5y
Total Liabilities
$5.3M
▲ 14.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.9M | $4.9M | $4.9M | $5.0M | $5.0M | +30.7% |
| Expenses | $4.4M | $5.1M | $5.1M | $5.0M | $5.0M | +13.3% |
| Net surplus | -$575K | -$203K | -$203K | $21K | $21K | -103.6% |
| Total assets | $4.4M | $4.2M | $4.2M | $4.3M | $4.3M | -1.5% |
| Total liabilities | $4.6M | $5.2M | $5.2M | $5.3M | $5.3M | +14.4% |
| Net assets | -$283K | -$1.1M | -$1.1M | -$1.0M | -$1.0M | +259.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
Michael Turner Head Tennis Professional· 40h/wk | $185,875 | — |
Don Ciota General Manager· 40h/wk | $152,115 | — |
Geoffrey Plasterr General Manager· 40h/wk | $77,528 | — |
+ 13 unpaid officers/directors as reported (Anne Aaron, Brandon Anderson, Ford Swanson, +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 |
|---|---|
| Membership dues & assessments | $3,160,733 |
| Golf fees | $777,516 |
| Recreation | $386,393 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$3.0M
book value, net of depreciation
Facility age
79%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $110,449 |
| Occupancy | $916,004 |
| Depreciation & depletion | $566,089 |
| Legal fees | $610 |
| Accounting fees | $20,000 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
WICHITA FALLS COUNTRY CLUB 401(K) SAVINGS PLAN
pension · 29 participants · $560K assets · FY2024
WFounded in 1948, Wichita Falls Country Club reported $5.04M of revenue for FY23, at an operating margin of 0.4%. Revenue moved up 0.0% 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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