Civic Intelligence

Woodholme Country Club Incorporate

990 • Fiscal year 2014 • EIN 52-0535530

May 01, 2013 to Apr 30, 2014 • Filed on Mar 10, 2015

300 Woodholme Avenue21208

(410) 486-3700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.70x

Higher debt load relative to assets than 82% of similar nonprofits.

2014 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.75x

Higher debt load relative to revenue than 55% of similar nonprofits.

2014 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2014

Net Margin

60th percentile

2.8%

Higher net margin than 60% of similar nonprofits.

2014 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

83rd percentile

$190,903

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2014 filings • 501(c)7 • $5M-$10M nonprofits • Source year 2014

Asset Growth

26th percentile

-3.3%

Faster asset growth than 26% of similar nonprofits.

2014 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

19th percentile

-4.4%

Faster revenue growth than 19% of similar nonprofits.

2014 filings • 501(c)7 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Down

$7,778,582

Down $265,227 (-3.3%) from 2013

Net Assets

Up

$2,318,917

Up $370,610 (+19%) from 2013

Liabilities

Down

$5,459,665

Down $635,837 (-10%) from 2013

Revenue

Down

$7,262,202

Down $337,176 (-4.4%) from 2013

Expenses

Down

$7,060,562

Down $874,106 (-11%) from 2013

Net Income

Up

$201,640

Up $536,930 (+160%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0-$5.0MAssets 2009: $8,960,120Liabilities 2009: $5,809,264Net Assets 2009: $3,150,8562009Assets 2010: $8,929,444Liabilities 2010: $5,856,033Net Assets 2010: $3,073,4112010Assets 2011: $8,178,671Liabilities 2011: $5,441,405Net Assets 2011: $2,737,2662011Assets 2012: $9,100,607Liabilities 2012: $6,851,534Net Assets 2012: $2,249,0732012Assets 2013: $8,043,809Liabilities 2013: $6,095,502Net Assets 2013: $1,948,3072013Assets 2014: $7,778,582Liabilities 2014: $5,459,665Net Assets 2014: $2,318,9172014Assets 2015: $7,461,014Liabilities 2015: $5,940,809Net Assets 2015: $1,520,2052015Assets 2016: $7,242,703Liabilities 2016: $6,129,244Net Assets 2016: $1,113,4592016Assets 2017: $7,939,049Liabilities 2017: $8,027,094Net Assets 2017: -$88,0452017Assets 2018: $7,794,308Liabilities 2018: $8,793,549Net Assets 2018: -$999,2412018Assets 2019: $7,389,691Liabilities 2019: $8,970,113Net Assets 2019: -$1,580,4222019Assets 2020: $6,494,715Liabilities 2020: $8,825,479Net Assets 2020: -$2,330,7642020Assets 2021: $6,726,954Liabilities 2021: $8,607,449Net Assets 2021: -$1,880,4952021Assets 2022: $10,969,641Liabilities 2022: $1,749,319Net Assets 2022: $9,220,3222022Assets 2023: $9,763,000Liabilities 2023: $2,277,004Net Assets 2023: $7,485,9962023Assets 2024: $10,753,537Liabilities 2024: $3,618,751Net Assets 2024: $7,134,7862024Assets 2025: $10,641,107Liabilities 2025: $4,657,270Net Assets 2025: $5,983,8372025

Highlighted filing

2014

Assets$7,778,582
Liabilities$5,459,665
Net Assets$2,318,917

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2009: $6,183,085Expenses 2009: $5,969,087Net Income 2009: $213,9982009Revenue 2010: $5,742,076Expenses 2010: $5,512,984Net Income 2010: $229,0922010Revenue 2011: $5,265,184Expenses 2011: $5,601,327Net Income 2011: -$336,1432011Revenue 2012: $5,522,090Expenses 2012: $5,749,524Net Income 2012: -$227,4342012Revenue 2013: $7,599,378Expenses 2013: $7,934,668Net Income 2013: -$335,2902013Revenue 2014: $7,262,202Expenses 2014: $7,060,562Net Income 2014: $201,6402014Revenue 2015: $5,546,482Expenses 2015: $6,418,936Net Income 2015: -$872,4542015Revenue 2016: $6,042,945Expenses 2016: $6,545,297Net Income 2016: -$502,3522016Revenue 2017: $5,737,814Expenses 2017: $6,867,628Net Income 2017: -$1,129,8142017Revenue 2018: $6,028,345Expenses 2018: $7,031,799Net Income 2018: -$1,003,4542018Revenue 2019: $6,413,636Expenses 2019: $7,010,182Net Income 2019: -$596,5462019Revenue 2020: $4,013,189Expenses 2020: $4,774,299Net Income 2020: -$761,1102020Revenue 2021: $4,106,719Expenses 2021: $3,626,801Net Income 2021: $479,9182021Revenue 2022: $14,968,945Expenses 2022: $3,868,128Net Income 2022: $11,100,8172022Revenue 2023: $3,260,810Expenses 2023: $5,222,876Net Income 2023: -$1,962,0662023Revenue 2024: $4,294,407Expenses 2024: $4,832,598Net Income 2024: -$538,1912024Revenue 2025: $4,427,684Expenses 2025: $5,663,348Net Income 2025: -$1,235,6642025

Highlighted filing

2014

Revenue$7,262,202
Expenses$7,060,562
Net Income$201,640
Jump To
Filing Snapshot
Filing Period
May 1, 2013 to Apr 30, 2014
Signed
Mar 10, 2015
Return Version
2013v4.0
Gross Receipts
$8,063,720
Mission and Program Overview

Mission

The club operates as a social & golf club providing golf & social activities to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,785,831$6,162,744▼ $623,087
Accounts Receivable$909,072$688,598▼ $220,474
Cash and Non-Interest-Bearing Accounts$68,440$651,595▲ $583,155
Prepaid Expenses and Deferred Charges$119,405$80,548▼ $38,857
Inventories for Sale or Use$45,432$69,032▲ $23,600
Savings and Temporary Cash Investments$40,807$35,690▼ $5,117
Total Assets$8,043,809$7,778,582▼ $265,227
Other Assets Total$74,822$90,375▲ $15,553
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,815,955$4,145,571▲ $329,616
Accounts Payable and Accrued Expenses$730,197$584,377▼ $145,820
Other Liabilities$1,118,222$403,511▼ $714,711
Deferred Revenue$431,128$326,206▼ $104,922
Total Liabilities$6,095,502$5,459,665▼ $635,837
Net Assets / Fund Balance
Unrestricted Net Assets$1,948,307$2,318,917▲ $370,610
Total Net Assets Fund Balance$1,948,307$2,318,917▲ $370,610
Total Liabilities and Net Assets / Fund Balance$8,043,809$7,778,582▼ $265,227

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$15,841,576-$15,841,576
Land$691,791-$691,791
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mitchell PlattGeneral ManaFT$190,903$190,903
Mitchell PlattGeneral Manager-$190,903$190,903
Stephen PotterGreens SuperFT$182,509$182,509
Mark BeranGolf ProFT$147,952$147,952
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,022,687
Investment Income
$1,521
Other Revenue
$2,237,994
Change in Net Assets
$201,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,797,998
Other Expenses$3,262,564
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$3,210,952
All Other Expenses---$978,361
Depreciation Depletion---$684,848
Other Employee Benefits---$292,422
Payroll Taxes---$287,107
Interest---$239,798
Other Expenses---$211,785
Insurance---$110,949
Fees for Services Legal---$94,406
Fees for Services Accounting---$20,895
Pension Plan Contributions---$7,517
Fees for Services Other---$5,584
Conferences and Meetings---$3,438
Advertising---$1,225
Total Functional Expenses$0$0$0$7,060,562
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Obligations Under Interest Rate Swap$313,942
Event Deposits$89,569
Line of Credit-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

The board is elected by the members on an annual basis.

Form 990, Page 6, Part VI, Line 11B

The information for the form 990 is compiled by the outside accountants and reviewed by board members of the organization.

Form 990, Page 6, Part VI, Line 12C

The board members are required to review conflict of interest each year and disclose any noted.

Form 990, Page 6, Part VI, Line 15A

The salary and compensation of the general manager and other key employees is reviewed and approved annually by the board. The compensation is based on performance as well as comparison to compensation levels of similar organizations.

Form 990, Page 6, Part VI, Line 15B

The salary and compensation of the key employees is reviewed and approved annually by the board. The compensation is based on performance as well as comparison to compensation levels of similar organizations. The board members are unpaid positions.

Form 990, Page 6, Part VI, Line 19

The items will be available on guidestar and upon request at the club's corporate office; 300 woodholme ave, baltimore, md 21208

Filing and Contact Details

Filer

EIN
52-0535530
Phone
4104863700

Signing Officer

Name
Matthew Cohen
Title
Treasurer
Phone
4104863700
Signed
2015-03-10

Organization Details

Principal Officer
Barbara Howe President
Formed
1927
Legal Domicile
Md
Voting Board Members
25
Independent Board Members
25
Employees
216

Preparer

Preparer
Geoffrey K Benedict
Phone
4433251458
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Property taxes 198,978 0 0 food & beverage supplies 161,046 0 0 course expenses 93,296 0 0 clubhouse expenses 82,395 0 0 general & administrative 66,852 0 0 pro shop supplies & fees 48,075 0 0 sand, seed & sod 44,455 0 0 member entertainment 43,942 0 0 golf carts 41,850 0 0 employee appreciation 33,844 0 0 cleaning & janitorial 29,596 0 0 telephone 25,711 0 0 bank service charges 17,785 0 0 clubhouse function suppli 16,900 0 0 tennis expenses 16,403 0 0 postage & printing 13,458 0 0 private party supplies 12,447 0 0 uniforms 10,179 0 0 pool supplies 7,847 0 0 bad debt expense 7,043 0 0 dues & subscriptions 5,556 0 0 amortization expense 703 0 0

Form 990, Part XI, Line 9

Change in value of obligations under swap agreemnt -165,970 book to tax differences -3,000

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.6$4.66$5.98$4.43$5.66$1.24
2024Detailed filing. Detailed filing data is available for this year.$10.8$3.62$7.13$4.29$4.83$0.54
2023Detailed filing. Detailed filing data is available for this year.$9.76$2.28$7.49$3.26$5.22$1.96
2022Detailed filing. Detailed filing data is available for this year.$11.0$1.75$9.22$15.0$3.87$11.1
2021Detailed filing. Detailed filing data is available for this year.$6.73$8.61$1.88$4.11$3.63$0.48
2020Detailed filing. Detailed filing data is available for this year.$6.49$8.83$2.33$4.01$4.77$0.76
2019Detailed filing. Detailed filing data is available for this year.$7.39$8.97$1.58$6.41$7.01$0.60
2018Detailed filing. Detailed filing data is available for this year.$7.79$8.79$1.00$6.03$7.03$1.00
2017Detailed filing. Detailed filing data is available for this year.$7.94$8.03$0.09$5.74$6.87$1.13
2016Detailed filing. Detailed filing data is available for this year.$7.24$6.13$1.11$6.04$6.55$0.50
2015Detailed filing. Detailed filing data is available for this year.$7.46$5.94$1.52$5.55$6.42$0.87
2014Detailed filing. Detailed filing data is available for this year.$7.78$5.46$2.32$7.26$7.06$0.20
2013Summary only. Only limited summary data is available for this year.$8.04$6.10$1.95$7.60$7.93$0.34
2012Summary only. Only limited summary data is available for this year.$9.10$6.85$2.25$5.52$5.75$0.23
2011Summary only. Only limited summary data is available for this year.$8.18$5.44$2.74$5.27$5.60$0.34
2010Summary only. Only limited summary data is available for this year.$8.93$5.86$3.07$5.74$5.51$0.23
2009Summary only. Only limited summary data is available for this year.$8.96$5.81$3.15$6.18$5.97$0.21
Peer Organizations

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