LOVI501(c)(7) · MEDIUMNAICS 713910EIN 85-0113514
Lovington Country Club
Lovington, NM · founded 1959
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$776k
▲ 14.9% YoY
FY23 Total Expenses
$668k
▼ 1.0% YoY
Operating Margin
13.9%
revenue minus expenses ÷ revenue
Employees
22
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$776K
▲ 36.5% / 5y
Expenses
$668K
▲ 25.5% / 5y
Total Assets
$1.6M
▲ 23.0% / 5y
Total Liabilities
$180K
▲ 128.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $568K | $660K | $660K | $675K | $776K | +36.5% |
| Expenses | $532K | $594K | $594K | $674K | $668K | +25.5% |
| Net surplus | $36K | $66K | $66K | $389 | $108K | +198.0% |
| Total assets | $1.3M | $1.4M | $1.4M | $1.4M | $1.6M | +23.0% |
| Total liabilities | $79K | $69K | $69K | $89K | $180K | +128.4% |
| Net assets | $1.2M | $1.3M | $1.3M | $1.3M | $1.4M | +16.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 7 unpaid officers/directors as reported (DUSTY REEDER, JEREMY DOPORTO, JOEL GOMEZ, +4 more)
All 7 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 |
|---|---|
| MWMBERSHIP DUES | $471,300 |
| GUEST FEES | $55,298 |
| CART SHED | $42,525 |
| TRAIL FEES | $20,390 |
| BALLROOM USE FEES | $8,950 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$962K
book value, net of depreciation
Facility age
64%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $44,708 |
| Depreciation & depletion | $87,864 |
| Advertising & promotion | $1,259 |
LFounded in 1959, Lovington Country Club reported $776k of revenue for FY23, at an operating margin of 13.9%. Revenue moved up 14.9% 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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