GTRE501(c)(7) · MEDIUMNAICS 713910EIN 75-1618609
Green Tree Country Club
Midland, TX · founded 1980
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$14.12M
▲ 8.7% YoY
FY23 Total Expenses
$13.41M
▲ 16.0% YoY
Operating Margin
5.1%
revenue minus expenses ÷ revenue
Employees
340
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$14.1M
▲ 30.6% / 5y
Expenses
$13.4M
▲ 39.7% / 5y
Total Assets
$29.0M
▲ 92.1% / 5y
Total Liabilities
$11.2M
▲ 884.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $10.8M | $11.6M | $13.0M | $13.0M | $14.1M | +30.6% |
| Expenses | $9.6M | $10.0M | $11.6M | $11.6M | $13.4M | +39.7% |
| Net surplus | $1.2M | $1.7M | $1.4M | $1.4M | $717K | -40.9% |
| Total assets | $15.1M | $17.5M | $24.6M | $24.6M | $29.0M | +92.1% |
| Total liabilities | $1.1M | $1.9M | $7.5M | $7.5M | $11.2M | +884.5% |
| Net assets | $13.9M | $15.6M | $17.1M | $17.1M | $17.8M | +27.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
WRAY CRIPPIN COO· 40h/wk | $282,700 | $356,959 |
BRIAN MCKINLEY GOLF DIRECTOR· 40h/wk | $205,802 | $253,397 |
CRYSTAL VALENTINE Controller· 40h/wk | $162,500 | $137,612 |
DELMAR ISRAEL COURSE DIRECTOR· 40h/wk | $147,500 | $123,111 |
NICHOLE ADAMS Controller· 40h/wk | $145,000 | $170,364 |
DANIEL CHAGOLLA Executive Chef· 40h/wk | $136,160 | $169,121 |
+ 11 unpaid officers/directors as reported (AARON ERDWURM, AL ESCAMILLA, JEREMY BISHOP, +8 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Course Crafters LLC GAINESVILLE, GA | Management services | $3,042,139 |
| Tripp Davis & Associates EDMOND, OK | PROFESSIONAL SERVICES | $339,722 |
| Reaqua LLC MIDLAND, TX | Construction & renovation | $223,155 |
| Extreme Exterior Garden Center LLC ABILENE, TX | Construction & renovation | $222,316 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $6,303,737 |
| CAPITAL IMPROVEMENTS D | $2,089,947 |
| INITIATION FEES | $1,299,503 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$9.2M
▲ $3.1M new borrowing
Net land, buildings & equipment
$25.4M
book value, net of depreciation
Facility age
38%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $109,227 |
| Occupancy | $503,508 |
| Depreciation & depletion | $1,952,365 |
| Office expenses | $238,519 |
| Legal fees | $15,476 |
| Accounting fees | $23,000 |
| Other professional fees | $245,447 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
GREEN TREE COUNTRY CLUB 401K PLAN
pension · 112 participants · $3.7M assets · FY2024
GFounded in 1980, Green Tree Country Club reported $14.12M of revenue for FY23, at an operating margin of 5.1%. Revenue moved up 8.7% 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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