LEVE501(c)(7) · MEDIUMNAICS 713910EIN 75-0743661
Country Club Of Levelland
Levelland, TX · founded 1949
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$769k
▲ 8.2% YoY
FY23 Total Expenses
$792k
▲ 9.6% YoY
Operating Margin
-3.0%
revenue minus expenses ÷ revenue
Employees
34
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$769K
▲ 19.7% / 5y
Expenses
$792K
▲ 26.7% / 5y
Total Assets
$960K
▲ 1.5% / 5y
Total Liabilities
$270K
▼ 9.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $642K | $688K | $688K | $711K | $769K | +19.7% |
| Expenses | $626K | $643K | $643K | $723K | $792K | +26.7% |
| Net surplus | $17K | $45K | $45K | -$12K | -$23K | -239.1% |
| Total assets | $946K | $976K | $976K | $949K | $960K | +1.5% |
| Total liabilities | $300K | $277K | $277K | $245K | $270K | -9.9% |
| Net assets | $646K | $699K | $699K | $704K | $690K | +6.8% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 9 unpaid officers/directors as reported (CHAD READ, ERIC VANCE, JOE TUBB, +6 more)
All 9 listed officers reported $0 compensation — volunteer board.
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 | $361,677 |
| CART FEES | $44,045 |
| GREEN FEES | $30,808 |
| TOURNAMENT FEES | $21,307 |
| MISC INCOME | $1,933 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$224K
▲ $18K new borrowing
Net land, buildings & equipment
$824K
book value, net of depreciation
Facility age
67%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $66,392 |
| Occupancy | $0 |
| Depreciation & depletion | $59,388 |
| Information technology | $0 |
| Advertising & promotion | $728 |
| Office expenses | $5,880 |
| Legal fees | $0 |
| Accounting fees | $41,435 |
| Other professional fees | $0 |
CFounded in 1949, Country Club Of Levelland reported $769k of revenue for FY23, at an operating margin of -3.0%. Revenue moved up 8.2% 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
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