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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

MVER501(c)(7) · MEDIUMNAICS 713910EIN 91-0792836

Meridian Valley Country Club Inc

Kent, WA · founded 1968

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$5.76M

▲ 5.7% YoY

FY23 Total Expenses

$5.40M

▲ 2.7% YoY

Operating Margin

6.3%

revenue minus expenses ÷ revenue

Employees

122

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$5.8M

▲ 38.0% / 5y

Expenses

$5.4M

▲ 24.9% / 5y

Total Assets

$8.9M

▲ 27.8% / 5y

Total Liabilities

$4.3M

▼ 10.9% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$4.2M	$5.8M	$5.8M	$5.4M	$5.8M	+38.0%
Expenses	$4.3M	$4.4M	$4.4M	$5.3M	$5.4M	+24.9%
Net surplus	-$150K	$1.3M	$1.3M	$195K	$362K	-341.2%
Total assets	$7.0M	$8.6M	$8.6M	$8.6M	$8.9M	+27.8%
Total liabilities	$4.8M	$4.6M	$4.6M	$4.3M	$4.3M	-10.9%
Net assets	$2.1M	$4.0M	$4.0M	$4.2M	$4.6M	+116.3%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
CRAIG BENSON Golf Course Superintendent· 40h/wk	$189,452	$16,922
TC BAILEY General Manager· 40h/wk	$165,000	$7,270
TYLER STONE Controller· 40h/wk	$115,324	$9,572
CHRIS LUNGO DIRECTOR OF CLUB OPERATIONS· 40h/wk	$112,729	$7,277
ADAM ENGLEHORN Head Golf Professional· 40h/wk	$107,709	$9,059

+ 9 unpaid officers/directors as reported (BRAD GILMAN, DENNIS WALLICK, GARY KRANC, +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
MEMBERSHIP DUES & ASSESSMENTS	$3,341,150
GREEN/TOURNAMENT FEES	$446,976
CART & PRO SHOP FEES	$370,077
INITIATION FEES	$226,912
DRIVING RANGE	$99,995

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$3.3M

▼ $142K paid down

Net land, buildings & equipment

$6.9M

book value, net of depreciation

Facility age

53%

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	$63,695
Occupancy	$322,220
Depreciation & depletion	$390,532
Advertising & promotion	$13,958
Office expenses	$99,146
Legal fees	$3,046
Accounting fees	$15,600

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

MERIDIAN VALLEY COUNTRY CLUB I 401(K) PROFIT SHARING PLAN & TRUST

pension · 90 participants · $2.1M 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.

MFounded in 1968, Meridian Valley Country Club Inc reported $5.76M of revenue for FY23, at an operating margin of 6.3%. Revenue moved up 5.7% 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

▸ 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)

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