HOBB501(c)(7) · MEDIUMNAICS 713910EIN 85-0043225
Hobbs Country Club
Hobbs, NM · founded 1947
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.60M
▼ 1.8% YoY
FY23 Total Expenses
$1.46M
▲ 11.9% YoY
Operating Margin
8.5%
revenue minus expenses ÷ revenue
Employees
53
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.6M
▲ 12.1% / 5y
Expenses
$1.5M
▼ 2.1% / 5y
Total Assets
$1.2M
▲ 44.4% / 5y
Total Liabilities
$404K
▲ 19.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.4M | $848K | $848K | $1.6M | $1.6M | +12.1% |
| Expenses | $1.5M | $993K | $993K | $1.3M | $1.5M | -2.1% |
| Net surplus | -$68K | -$145K | -$145K | $320K | $136K | -299.1% |
| Total assets | $829K | $608K | $608K | $934K | $1.2M | +44.4% |
| Total liabilities | $339K | $271K | $271K | $276K | $404K | +19.4% |
| Net assets | $491K | $337K | $337K | $658K | $793K | +61.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 4 unpaid officers/directors as reported (MIKE MCVAY, RICHARD MARTIN, SAM COBB, +1 more)
All 4 listed officers reported $0 compensation — volunteer board.
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| None | — | — |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| DUES & MEMBERSHIPS | $832,760 |
| — |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$222K
▲ $191K new borrowing
Net land, buildings & equipment
$580K
book value, net of depreciation
Facility age
80%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $103,306 |
| Occupancy | $114,414 |
| Depreciation & depletion | $26,757 |
| Information technology | $0 |
| Advertising & promotion | $3,764 |
| Office expenses | $0 |
| Legal fees | $0 |
| Accounting fees | $10,130 |
| Other professional fees | $1,045 |
HFounded in 1947, Hobbs Country Club reported $1.60M of revenue for FY23, at an operating margin of 8.5%. Revenue moved down 1.8% 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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