OVER501(c)(7) · MEDIUMNAICS 713910EIN 91-0588580
Overlake Golf And Country Club
Medina, WA · founded 1957
14 filings on recordFY 2010–2023medium confidence
Compare to peers →FY23 Total Revenue
$15.81M
▲ 20.6% YoY
FY23 Total Expenses
$14.20M
▲ 17.1% YoY
Operating Margin
10.2%
revenue minus expenses ÷ revenue
Employees
305
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$15.8M
▲ 35.1% / 5y
Expenses
$14.2M
▲ 37.3% / 5y
Total Assets
$32.4M
▲ 15.7% / 5y
Total Liabilities
$5.5M
▼ 1.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $11.7M | $12.1M | $12.1M | $13.1M | $15.8M | +35.1% |
| Expenses | $10.3M | $10.9M | $10.9M | $12.1M | $14.2M | +37.3% |
| Net surplus | $1.4M | $1.2M | $1.2M | $982K | $1.6M | +18.3% |
| Total assets | $28.0M | $29.4M | $29.4M | $31.2M | $32.4M | +15.7% |
| Total liabilities | $5.6M | $5.2M | $5.2M | $6.0M | $5.5M | -1.5% |
| Net assets | $22.4M | $24.3M | $24.3M | $25.2M | $26.9M | +20.1% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
SHELLY INMAN GENERAL MANA· 40h/wk | $317,042 | $38,123 |
CORY BROWN SUPERINTENDE· 40h/wk | $261,150 | $28,856 |
MARK SURSELY GOLF PROFESS· 40h/wk | $225,633 | $36,058 |
BRETT HAWN DIR CLBHS SE· 40h/wk | $183,566 | $31,967 |
ALEXANDER NEMETH EXECUTIVE CH· 40h/wk | $175,690 | $26,273 |
JUDY ANN CLARK Controller· 40h/wk | $153,000 | $15,010 |
+ 9 unpaid officers/directors as reported (ANDREW MOORE, ANNETTE DRESSER, BETH CAMPBELL, +6 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Ridgetop Golf GIG HARBOR, WA | Construction & renovation | $604,561 |
| Harbor Foodservice KENT, WA | Food & beverage | $276,433 |
| Interbay Food Company WOODINVILLE, WA | Food & beverage | $215,431 |
| Charlie'S Produce Inc SEATTLE, WA | Food & beverage | $185,425 |
| Bargreen Ellingson SEATTLE, WA | EQUIP PROVIDER | $172,478 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| DUES FROM MEMBERS | $10,419,783 |
| PRO SHOP SERVICES | $644,384 |
| ASSESSMENT - FACILITIES IMPR. | $490,649 |
| GREEN FEES | $307,753 |
| SWIMMING POOL AND TENNIS | $260,513 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.5M
▼ $330K paid down
Net land, buildings & equipment
$24.9M
book value, net of depreciation
Facility age
44%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $124,411 |
| Occupancy | $857,571 |
| Depreciation & depletion | $1,682,352 |
| Office expenses | $139,601 |
| Legal fees | $59,496 |
| Accounting fees | $16,200 |
| Other professional fees | $90,455 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
OVERLAKE GOLF & COUNTRY CLUB 401(K) PSP
pension · 51 participants · $4.3M assets · FY2024
OFounded in 1957, Overlake Golf And Country Club reported $15.81M of revenue for FY23, at an operating margin of 10.2%. Revenue moved up 20.6% 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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