SOHA501(c)(7) · MEDIUMNAICS 713910EIN 75-1282255
Shady Oaks Country Club Inc
Westworth Vlg, TX · founded 1970
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$19.81M
▲ 17.6% YoY
FY23 Total Expenses
$18.05M
▲ 5.3% YoY
Operating Margin
8.9%
revenue minus expenses ÷ revenue
Employees
302
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$19.8M
▲ 39.1% / 5y
Expenses
$18.1M
▲ 53.2% / 5y
Total Assets
$31.2M
▲ 2.6% / 5y
Total Liabilities
$10.3M
▲ 11.2% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $14.2M | $15.3M | $15.3M | $16.8M | $19.8M | +39.1% |
| Expenses | $11.8M | $16.0M | $16.0M | $17.1M | $18.1M | +53.2% |
| Net surplus | $2.4M | -$703K | -$703K | -$301K | $1.8M | -28.4% |
| Total assets | $30.4M | $33.0M | $33.0M | $31.5M | $31.2M | +2.6% |
| Total liabilities | $9.2M | $12.8M | $12.8M | $11.9M | $10.3M | +11.2% |
| Net assets | $21.2M | $20.1M | $20.1M | $19.6M | $20.9M | -1.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
Brent Doolittle Golf Course Superintendant· 40h/wk | $309,566 | $33,989 |
Steve Shields Chief Financial Officer· 40h/wk | $274,100 | $40,059 |
Monika Benitez Head Tennis Professional· 40h/wk | $225,990 | $5,183 |
Chad English Head Golf Professional· 40h/wk | $223,074 | $8,093 |
Austin Hall General Manager· 40h/wk | $208,498 | $3,975 |
Mike Wright Golf Instructor· 40h/wk | $197,007 | $36,126 |
Ricardo Omana Head Tennis Professional· 40h/wk | $170,409 | $20,905 |
Daniel Reilley Director of Health & Fitness· 40h/wk | $169,550 | $19,800 |
Halden Griffith Trainer· 40h/wk | $155,668 | $10,192 |
+ 11 unpaid officers/directors as reported (Brent White, Chris Lewis, Chris Powers, +8 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Jeff Eubank Roofing FORT WORTH, TX | Construction & renovation | $289,678 |
| PB General Contractors FORT WORTH, TX | Construction & renovation | $285,886 |
| Concrete Construction BOYD, TX | Construction & renovation | $227,651 |
| Professional Turf DALLAS, TX | Construction & renovation | $143,748 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $12,609,017 |
| FOOD & BEVERAGE | $4,124,260 |
| GOLF SHOP & CART RENTALS | $1,944,546 |
| HEALTH & FITNESS | $288,858 |
| ANNUAL OPERATING CONTRIBUTIONS | $36,068 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$0
unchanged YoY
Net land, buildings & equipment
$26.4M
book value, net of depreciation
Facility age
54%
accumulated depreciation ÷ cost — higher = older plant
Tax-exempt bond liabilities
$0
end of year
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $354,280 |
| Occupancy | $1,086,155 |
| Depreciation & depletion | $2,761,853 |
| Information technology | $0 |
| Advertising & promotion | $0 |
| Office expenses | $216,637 |
| Legal fees | $12,410 |
| Accounting fees | $38,369 |
| Other professional fees | $0 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
SHADY OAKS COUNTRY CLUB, INC. 401(K) PLAN
pension · 118 participants · $4.5M assets · FY2024
SHADY OAKS COUNTRY CLUB WELFARE PLAN
welfare · 115 participants · FY2024
SFounded in 1970, Shady Oaks Country Club Inc reported $19.81M of revenue for FY23, at an operating margin of 8.9%. Revenue moved up 17.6% 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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