Civic Intelligence

Inverness Country Club

EIN 38-0680025 • 501(c)7 • Chelsea, MI

Profile

Golf Course/Facility Operation

13893 North Territorial RoadChelsea, MI 48118

inverness-mi.com

Siviq Scores

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

Liabilities / Assets

60th percentile

0.07x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.09x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Net Margin

77th percentile

20%

Higher net margin than 77% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Asset Growth

77th percentile

13%

Faster asset growth than 77% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

7.4%

Faster revenue growth than 57% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$807,035

Up $93,143 (+13%) from 2023

Liabilities

Down

$58,609

Down $34,800 (-37%) from 2023

Net Assets

Up

$748,426

Up $127,943 (+21%) from 2023

Revenue

Up

$645,857

Up $44,709 (+7.4%) from 2023

Expenses

Up

$517,914

Up $69,592 (+16%) from 2023

Net Income

Down

$127,943

Down $24,883 (-16%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $356,478Liabilities 2010: $134,601Net Assets 2010: $221,8772010Assets 2011: $187,789Liabilities 2011: $4,622Net Assets 2011: $183,1672011Assets 2012: $189,986Liabilities 2012: $26,671Net Assets 2012: $163,3152012Assets 2013: $183,190Liabilities 2013: $5,182Net Assets 2013: $178,0082013Assets 2014: $157,468Liabilities 2014: $5,452Net Assets 2014: $152,0162014Assets 2015: $154,895Liabilities 2015: $330Net Assets 2015: $154,5652015Assets 2016: $141,257Liabilities 2016: $2,800Net Assets 2016: $138,4572016Assets 2017: $129,873Liabilities 2017: $2,800Net Assets 2017: $127,0732017Assets 2018: $163,958Liabilities 2018: $0Net Assets 2018: $163,9582018Assets 2019: $180,885Liabilities 2019: $0Net Assets 2019: $180,8852019Assets 2020: $240,793Liabilities 2020: $0Net Assets 2020: $240,7932020Assets 2021: $325,858Liabilities 2021: $0Net Assets 2021: $325,8582021Assets 2022: $475,894Liabilities 2022: $8,237Net Assets 2022: $467,6572022Assets 2023: $713,892Liabilities 2023: $93,409Net Assets 2023: $620,4832023Assets 2024: $807,035Liabilities 2024: $58,609Net Assets 2024: $748,4262024

Highlighted filing

2024

Assets$807,035
Liabilities$58,609
Net Assets$748,426

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $281,3512010Revenue 2011: $278,916Expenses 2011: $325,054Net Income 2011: -$46,1382011Expenses 2012: $297,1942012Revenue 2013: $296,584Expenses 2013: $281,891Net Income 2013: $14,6932013Revenue 2014: $278,328Expenses 2014: $304,320Net Income 2014: -$25,9922014Revenue 2015: $292,656Expenses 2015: $304,138Net Income 2015: -$11,4822015Revenue 2016: $291,700Expenses 2016: $321,563Net Income 2016: -$29,8632016Revenue 2017: $281,022Expenses 2017: $298,129Net Income 2017: -$17,1072017Revenue 2018: $324,312Expenses 2018: $287,427Net Income 2018: $36,8852018Revenue 2019: $286,373Expenses 2019: $282,805Net Income 2019: $3,5682019Revenue 2020: $340,755Expenses 2020: $288,291Net Income 2020: $52,4642020Revenue 2021: $396,741Expenses 2021: $309,885Net Income 2021: $86,8562021Revenue 2022: $511,699Expenses 2022: $369,900Net Income 2022: $141,7992022Revenue 2023: $601,148Expenses 2023: $448,322Net Income 2023: $152,8262023Revenue 2024: $645,857Expenses 2024: $517,914Net Income 2024: $127,9432024

Highlighted filing

2024

Revenue$645,857
Expenses$517,914
Net Income$127,943

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.07$0.59$7.48$6.46$5.18$1.28
2023Detailed filing. Detailed filing data is available for this year.$7.14$0.93$6.20$6.01$4.48$1.53
2022Detailed filing. Detailed filing data is available for this year.$4.76$0.08$4.68$5.12$3.70$1.42
2021Detailed filing. Detailed filing data is available for this year.$3.26$0.00$3.26$3.97$3.10$0.87
2020Detailed filing. Detailed filing data is available for this year.$2.41$0.00$2.41$3.41$2.88$0.52
2019Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$2.86$2.83$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$3.24$2.87$0.37
2017Detailed filing. Detailed filing data is available for this year.$1.30$0.03$1.27$2.81$2.98$0.17
2016Detailed filing. Detailed filing data is available for this year.$1.41$0.03$1.38$2.92$3.22$0.30
2015Detailed filing. Detailed filing data is available for this year.$1.55$0.00$1.55$2.93$3.04$0.11
2014Detailed filing. Detailed filing data is available for this year.$1.57$0.05$1.52$2.78$3.04$0.26
2013Detailed filing. Detailed filing data is available for this year.$1.83$0.05$1.78$2.97$2.82$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.27$1.63$2.97
2011Summary only. Only limited summary data is available for this year.$1.88$0.05$1.83$2.79$3.25$0.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.56$1.35$2.22$2.81
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 16, 2025
Return Version
2024v5.2
Gross Receipts
$645,857
Mission and Program Overview

Mission

Golf Course/Facility Operation

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$620,483$748,426▲ $127,943
Land, Buildings, and Equipment, Net$484,311$686,572▲ $202,261
Savings and Temporary Cash Investments$131,733$113,510▼ $18,223
Cash and Non-Interest-Bearing Accounts$99,203$6,953▼ $92,250
Accounts Receivable$-1,355--
Total Assets$713,892$807,035▲ $93,143
Liabilities
Unsecured Notes Loans Payable$93,409$58,609▼ $34,800
Total Liabilities$93,409$58,609▼ $34,800
Net Assets / Fund Balance
Total Net Assets Fund Balance$620,483$748,426▲ $127,943
Total Liabilities and Net Assets / Fund Balance$713,892$807,035▲ $93,143

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$299,855$368,549$668,404
Equipment$263,115$293,931$557,046
Buildings$64,807$43,619$108,426
Other Land Buildings$11,414$67,147$78,561
Land$47,381-$47,381
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brent MartinPresident
Troy SchillerVice President
Adam TillmanDirector
Bryan HayesDirector
Jim BreiningDirector
Jimmy WilliamsonDirector
Mary Sue WebbDirector
Matt MasonDirector
Michelle RomigDirector
Todd GenskeDirector
Jamie LewisSecretary
Jack SecristTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$593,726
Investment Income
$10,023
Other Revenue
$42,108
Change in Net Assets
$127,943
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$328,264
Salaries, Compensation, and Employee Benefits$189,650
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$172,227--$172,227
Depreciation Depletion-$66,468-$66,468
Occupancy$51,327--$51,327
Payroll Taxes$17,423--$17,423
Other Expenses$12,561--$12,561
Insurance$10,536--$10,536
Fees for Services Accounting$6,396--$6,396
Interest$2,021--$2,021
Travel$424--$424
Total Functional Expenses$451,446$66,468$0$517,914
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
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Reviewed May 15

Form 990 availability to public Part VI line 18

Website and annual public meeting.

Governing documents etc available to public Part VI line 19

Website and annual public meeting.

Filing and Contact Details

Filer

Filer Name
Inverness Country Club
EIN
38-0680025
In Care Of
% Jack Secrist
Phone
7344758746
Address
13893 North Territorial Road, Chelsea, MI 48118

Signing Officer

Name
Jack Secrist
Title
Treasurer
Phone
7344758746
Signed
2025-07-16
Discuss with paid preparer
Yes

Organization Details

Formed
1926
Legal Domicile
Mi
Voting Board Members
12
Independent Board Members
12
Employees
28

Preparer

Firm
Msk & Associates LLC
Address
1250 S MAIN ST STE 1A, CHELSEA, MI 48118
Preparer
Lisa Mrowca
Phone
7344751501
Raw XML Appendix391 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Website and annual public meeting.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JACK SECRIST
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LISA MROWCA
ReturnHeader/ReturnTs02025-07-21T11:18:18-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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