Civic Intelligence

Clovernook Country Club

EIN 31-0245155 • 501(c)7 • Cincinnati, OH

Profile

Club is organized for social, recreation and other non-profitable purposes of the members.

2035 West Galbraith RoadCincinnati, OH 45239-4364

clovernookcc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

0.91x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

84th percentile

1.79x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2018

Net Margin

11th percentile

-9.1%

Higher net margin than 11% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

47th percentile

$102,395

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

501(c)7 • $5M-$10M nonprofits • Source year 2018

Asset Growth

19th percentile

-3.1%

Faster asset growth than 19% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

66th percentile

10%

Faster revenue growth than 66% of similar nonprofits.

501(c)7 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$5,075,296

Down $164,047 (-3.1%) from 2017

Liabilities

Up

$4,603,816

Up $88,221 (+2.0%) from 2017

Net Assets

Down

$471,480

Down $252,268 (-35%) from 2017

Revenue

Up

$2,577,468

Up $238,451 (+10%) from 2017

Expenses

Down

$2,812,511

Down $85,334 (-2.9%) from 2017

Net Income

Up

-$235,043

Up $323,785 (+58%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2016: $5,524,445Liabilities 2016: $4,208,045Net Assets 2016: $1,316,4002016Assets 2017: $5,239,343Liabilities 2017: $4,515,595Net Assets 2017: $723,7482017Assets 2018: $5,075,296Liabilities 2018: $4,603,816Net Assets 2018: $471,4802018

Highlighted filing

2018

Assets$5,075,296
Liabilities$4,603,816
Net Assets$471,480

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $2,455,695Expenses 2016: $2,842,507Net Income 2016: -$386,8122016Revenue 2017: $2,339,017Expenses 2017: $2,897,845Net Income 2017: -$558,8282017Revenue 2018: $2,577,468Expenses 2018: $2,812,511Net Income 2018: -$235,0432018

Highlighted filing

2018

Revenue$2,577,468
Expenses$2,812,511
Net Income-$235,043

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Feb 27, 2019
Return Version
2017v2.3
Gross Receipts
$3,003,971
Mission and Program Overview

Mission

Club is organized for social, recreation and other non-profitable purposes of the members.

Club is organized for the social, recreation and other non-profitable purposes of the members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,469,126$4,420,566▼ $48,560
Accounts Receivable$522,958$366,930▼ $156,028
Inventories for Sale or Use$148,086$140,002▼ $8,084
Prepaid Expenses and Deferred Charges$68,700$85,827▲ $17,127
Cash and Non-Interest-Bearing Accounts$30,473$61,971▲ $31,498
Total Assets$5,239,343$5,075,296▼ $164,047
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,392,932$3,499,900▲ $106,968
Unsecured Notes Loans Payable$573,000$500,000▼ $73,000
Accounts Payable and Accrued Expenses$410,272$443,409▲ $33,137
Deferred Revenue$139,391$160,507▲ $21,116
Total Liabilities$4,515,595$4,603,816▲ $88,221
Net Assets / Fund Balance
Unrestricted Net Assets$718,901$471,480▼ $247,421
Temporarily Rstr Net Assets$4,847$0▼ $4,847
Total Net Assets Fund Balance$723,748$471,480▼ $252,268
Total Liabilities and Net Assets / Fund Balance$5,239,343$5,075,296▼ $164,047

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,138,602$3,244,052$5,382,654
Other Land Buildings$1,821,198$2,412,622$4,233,820
Land$460,766-$460,766
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Harry AlexanderVP-operatingFT$102,395-$102,395
Dave OakleyVP- FinanceFT$74,444$209$74,653

Board Members and Trustees

NameTitle
Kevin MartinPresident
Skip SchoettmerVice President
Bill HerringGovernor
Darrell SamsGovernor
Dr Kevin RedmondGovernor
Dr Thomas KimballGovernor
Robert LambertGovernor
Dan DeppermanSecretary
Mary Pay LienhartTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,765,361
Investment Income
$-1,197
Other Revenue
$813,304
Change in Net Assets
$-235,043

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,577,468
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$425,237
Total Revenue per Audited Statements
$3,002,705
Total Revenue per Form 990
$2,577,468
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,414,074
Other Expenses$1,398,437
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,035,658--$1,035,658
Occupancy$386,241--$386,241
Depreciation Depletion$279,621--$279,621
Current Officers, Directors, Trustees, and Key Employees$184,725--$184,725
Interest$160,562--$160,562
All Other Expenses$145,678--$145,678
Office Expenses$107,667--$107,667
Payroll Taxes$104,266--$104,266
Other Employee Benefits$87,346--$87,346
Other Expenses$38,634--$38,634
Advertising$36,130--$36,130
Information Technology$34,112--$34,112
Insurance$27,778--$27,778
Fees for Services Accounting$18,900--$18,900
Fees for Services Other$13,310--$13,310
Pension Plan Contributions$2,079--$2,079
Fees for Services Legal$120--$120
Total Functional Expenses$2,812,511$0$0$2,812,511

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,237,748
Expenses per Audited Statements$2,812,511
Total Expenses per Form 990$2,812,511
Expenses Not Reported on Form 990$425,237
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

STOCKHOLDING MEMBERS

Form 990, Part VI, Section A, Line 7A

Stock holding members elect 3 board members every year to serve 3 year terms.

Form 990, Part VI, Section A, Line 7B

Stockholders with voting rights approve capital expenditures & borrowing in excess of established threshholds.

Form 990, Part VI, Section A, Line 8B

No committee has authority to act on behalf of the governing body

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by the independent cpa firm and sent to the vp-finance who reviews it with the vp-operations prior to filing.

Form 990, Part VI, Section B, Line 15

Compensation contract for the top management official is negotiated by the president of the club taking into consideration comparable data. The contract is then approved by the board of governors.

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Clovernook Country Club
EIN
31-0245155
Phone
5135210333
Address
2035 WEST GALBRAITH ROAD, CINCINNATI, OH 45239-4364

Signing Officer

Name
Dave Oakley
Title
VP- Finance
Phone
5135210333
Signed
2019-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dave Oakley
Formed
1923
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
125
Volunteers
0

Preparer

Firm
Blue & Co LLC
Address
720 EAST PETE ROSE WAY STE 100, CINCINNATI, OH 45202
Preparer
Robert J Findley CPA
Phone
5132414507
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Increase in capital stock -1,100. Net increase in equity bonds -16,125. Rounding

Financial Statement Notes

PART X, LINE 2:

FEDERAL INCOME TAX

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold included in revenue 422,670. Rental property expenses included in revenue 2,567.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold included in revenue 422,670. Rental property expenses included in revenue 2,567.

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IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt068700
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt085827
IRS990/PrincipalOfficerNm0DAVE OAKLEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1GOLF CART RENTAL
IRS990/ProgramServiceRevenueGrp/Desc2SPECIAL ASSESSMENT
IRS990/ProgramServiceRevenueGrp/Desc3GREEN FEES
IRS990/ProgramServiceRevenueGrp/Desc4TOURNAMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01065147
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1154590
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2150234
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt354736
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt469460
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01065147
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1203815
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2150234
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3130788
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt469460
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt049225
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt176052
IRS990/ProgSrvcAccomActy2Grp/Desc0GOLF COURSE
IRS990/ProgSrvcAccomActy3Grp/Desc0SWIMMING, TENNIS & OTHER ACTIVITIES
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROVIDE GOLF, TENNIS, SWIMMING, AND ENTERTAINMENT FOR THE ORGANIZATION'S MEMBERS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt02812511
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-2724
IRS990/PYOtherExpensesAmt01429976
IRS990/PYOtherRevenueAmt0832320
IRS990/PYProgramServiceRevenueAmt01509421
IRS990/PYRevenuesLessExpensesAmt0-558828
IRS990/PYSalariesCompEmpBnftPaidAmt01467869
IRS990/PYTotalExpensesAmt02897845
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02339017
IRS990/ReconcilationRevenueExpnssAmt0-235043
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt02233
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02138602
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03244052
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05382654
IRS990ScheduleD/ExpensesNotReportedAmt0425237
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02812511
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0460766
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0460766
IRS990ScheduleD/OtherExpensesIncludedAmt0425237
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01821198
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02412622
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04233820
IRS990ScheduleD/OtherRevenueAmt0425237
IRS990ScheduleD/RevenueNotReportedAmt0425237
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02577468
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FEDERAL INCOME TAX
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD INCLUDED IN REVENUE 422,670. RENTAL PROPERTY EXPENSES INCLUDED IN REVENUE 2,567.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2COST OF GOODS SOLD INCLUDED IN REVENUE 422,670. RENTAL PROPERTY EXPENSES INCLUDED IN REVENUE 2,567.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04420566
IRS990ScheduleD/TotalExpensesPerForm990Amt02812511
IRS990ScheduleD/TotalRevenuePerForm990Amt02577468
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03002705
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03237748
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STOCKHOLDING MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1STOCK HOLDING MEMBERS ELECT 3 BOARD MEMBERS EVERY YEAR TO SERVE 3 YEAR TERMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2STOCKHOLDERS WITH VOTING RIGHTS APPROVE CAPITAL EXPENDITURES & BORROWING IN EXCESS OF ESTABLISHED THRESHHOLDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS PREPARED BY THE INDEPENDENT CPA FIRM AND SENT TO THE VP-FINANCE WHO REVIEWS IT WITH THE VP-OPERATIONS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION CONTRACT FOR THE TOP MANAGEMENT OFFICIAL IS NEGOTIATED BY THE PRESIDENT OF THE CLUB TAKING INTO CONSIDERATION COMPARABLE DATA. THE CONTRACT IS THEN APPROVED BY THE BOARD OF GOVERNORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7INCREASE IN CAPITAL STOCK -1,100. NET INCREASE IN EQUITY BONDS -16,125. ROUNDING
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt04847
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05239343
IRS990/TotalAssetsEOYAmt05075296
IRS990/TotalAssetsGrp/BOYAmt05239343
IRS990/TotalAssetsGrp/EOYAmt05075296
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt0125
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02812511
IRS990/TotalFunctionalExpensesGrp/TotalAmt02812511
IRS990/TotalGrossUBIAmt0425797
IRS990/TotalLiabilitiesBOYAmt04515595
IRS990/TotalLiabilitiesEOYAmt04603816
IRS990/TotalLiabilitiesGrp/BOYAmt04515595
IRS990/TotalLiabilitiesGrp/EOYAmt04603816
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0723748
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0471480
IRS990/TotalOtherCompensationAmt0209
IRS990/TotalOtherProgSrvcExpenseAmt02812511
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0137782
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0145917
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt08135
IRS990/TotalProgramServiceExpensesAmt02812511
IRS990/TotalProgramServiceRevenueAmt01765361
IRS990/TotalReportableCompFromOrgAmt0176839
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02151671

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