TLWI501(c)(7) · MEDIUMNAICS 713910EIN 91-0817896
Twin Lakes Golf And Country Club
Federal Way, WA · founded 1968
14 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$3.94M
▲ 18.4% YoY
FY23 Total Expenses
$3.58M
▲ 3.2% YoY
Operating Margin
9.2%
revenue minus expenses ÷ revenue
Employees
96
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$3.9M
▲ 37.3% / 5y
Expenses
$3.6M
▲ 19.8% / 5y
Total Assets
$2.5M
▲ 47.1% / 5y
Total Liabilities
$1.6M
▲ 4.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.9M | $3.1M | $3.1M | $3.3M | $3.9M | +37.3% |
| Expenses | $3.0M | $2.8M | $2.8M | $3.5M | $3.6M | +19.8% |
| Net surplus | -$117K | $306K | $306K | -$141K | $362K | -409.7% |
| Total assets | $1.7M | $2.3M | $2.3M | $2.1M | $2.5M | +47.1% |
| Total liabilities | $1.5M | $1.6M | $1.6M | $1.5M | $1.6M | +4.8% |
| Net assets | $197K | $706K | $706K | $565K | $927K | +370.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
DAVID HOBSON General Manager· 40h/wk | $126,587 | — |
+ 9 unpaid officers/directors as reported (BRYCE LANDRUD, DAN SMITH, DENISE HARRELL, +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 | $1,824,806 |
| FOOD AND BEVERAGE | $868,188 |
| ASSESSMENTS | $700,372 |
| GOLF PRO SHOP | $469,242 |
| OTHER INCOME | $31,942 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.0M
▼ $30K paid down
Net land, buildings & equipment
$1.5M
book value, net of depreciation
Facility age
77%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $49,373 |
| Occupancy | $156,174 |
| Depreciation & depletion | $213,803 |
| Information technology | $1,310 |
| Advertising & promotion | $64,737 |
| Office expenses | $21,925 |
| Legal fees | $60 |
| Accounting fees | $2,000 |
| Other professional fees | $30,822 |
TFounded in 1968, Twin Lakes Golf And Country Club reported $3.94M of revenue for FY23, at an operating margin of 9.2%. Revenue moved up 18.4% 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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