Club Index›MT›IHRO

MoreRankings The Ledger Methodpublic IRS Form 990 records

The Annual Register

Country Club Intel

The Annual Register

Country Club Intel

Data from public IRS Form 990 · ProPublica Nonprofit Explorer

IHRO501(c)(7) · CONFIRMEDNAICS 713910EIN 81-0524959

Iron Horse Golf Club Inc

Whitefish, MT · founded 2017

7 filings on recordFY 2017–2023high confidence

Compare to peers →

FY23 Total Revenue

$10.45M

▲ 10.6% YoY

FY23 Total Expenses

$10.42M

▲ 4.7% YoY

Operating Margin

0.3%

revenue minus expenses ÷ revenue

Employees

284

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$10.4M

▲ 14.2% / 5y

Expenses

$10.4M

▲ 32.1% / 5y

Total Assets

$32.1M

▲ 17.4% / 5y

Total Liabilities

$6.6M

▲ 37.8% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$9.2M	$9.8M	$9.8M	$9.5M	$10.4M	+14.2%
Expenses	$7.9M	$9.0M	$9.0M	$9.9M	$10.4M	+32.1%
Net surplus	$1.3M	$786K	$786K	-$496K	$30K	-97.6%
Total assets	$27.3M	$30.2M	$30.2M	$31.1M	$32.1M	+17.4%
Total liabilities	$4.8M	$4.9M	$4.9M	$5.8M	$6.6M	+37.8%
Net assets	$22.6M	$25.3M	$25.3M	$25.3M	$25.5M	+13.1%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
ROBERT SCHMIDT GENERAL MANAGER/SECRETARY· 40h/wk	$301,383	$37,658
KEVIN PHILLIPS EMPLOYEE· 40h/wk	$182,754	$49,733
BRANDON DIXON EMPLOYEE· 40h/wk	$171,403	$33,647
DANIEL SHOFF EMPLOYEE· 40h/wk	$152,030	—
JACOB ROBERTON EMPLOYEE· 40h/wk	$137,171	$10,855

+ 9 unpaid officers/directors as reported (EILEEN BOCCI-CAMPBELL, GREG HETZER, JON GLASER, +6 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
SERVICE INCOME	$890,631
EQUIPMENT RENTAL INCOME	$422,796
GUEST FEES	$347,453
LESSON INCOME	$257,529
RECREATIONAL ACTIVITY INCOME	$62,169

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$604K

▼ $172K paid down

Net land, buildings & equipment

$25.9M

book value, net of depreciation

Facility age

37%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX

Insurance	$278,758
Occupancy	$27,046
Depreciation & depletion	$1,220,648
Information technology	$75,025
Advertising & promotion	$395,982
Office expenses	$9,271
Legal fees	$1,829
Accounting fees	$24,771
Other professional fees	$54,365

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF IRON HORSE GOLF CLUB, INC.

pension · 50 participants · $3.1M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

IFounded in 2017, Iron Horse Golf Club Inc reported $10.45M of revenue for FY23, at an operating margin of 0.3%. Revenue moved up 10.6% 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

▸ Form 990, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

+ 4 more · via ProPublica

The Quarterly · free