TIPPECANOE LAKE COUNTRY CLUB INC

EIN: 350711197

LEESBURG, IN

Total Revenue
$4,436,440
Total Expenses
$4,035,490
Total Assets
$4,673,306
Net Assets
$3,418,245
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1935
Legal Domicile
IN
Principal Officer
STEPHAN KOSTELECKY
Phone
5744534441
Tax Period
2025-01-01 to 2025-12-31

TIPPECANOE LAKE COUNTRY CLUB INC, founded in 1935, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2025. Expenses of $4.0M left a modest 9% surplus.

Mission

WE ARE ALL ABOUT KEEPING OUR TRADITIONS ALIVE AND EMBRACING THE FUTURE. WE HAVE AN AMAZING GROUP OF FAMILIES WHO HAVE MADE US WHO WE ARE TODAY AND LOVE TO EMBRACE ALL OF THE NEW FAMILIES WHO CHOOSE TO JOIN OUR TLCC FAMILY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,515,303
Investment Income $0
Other Revenue $921,137
TOTAL REVENUE $4,436,440

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,390,756
Fundraising Expenses $0
Other Expenses $1,644,734
TOTAL EXPENSES $4,035,490

Year-over-Year Comparison

2025 2024 Change
Revenue $4,436,440 $4,241,750 +0.0%
Expenses $4,035,490 $3,981,309 +0.0%
Net Income $400,950 $260,441 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
109
Volunteers
37

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$240,208
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHAN KOSTELECKY GENERAL MANA 40.00
Officer
$209,586 $30,622 $240,208
DAVID BOSWELL EXECUTIVE CH 40.00
Highest
$147,425 $9,099 $156,524
RONALD FORKS SUPERINTENDE 40.00
Highest
$128,775 $13,765 $142,540
SCOTT REINCKE CLUBHOUSE MA 40.00
Highest
$111,400 $26,921 $138,321
CODY KNAPP GOLF PRO 40.00
Highest
$121,994 $4,701 $126,695
RICK MYLIN CONTROLLER 40.00
Highest
$101,733 $11,964 $113,697
DR DAN WHITE PRESIDENT 1.00
Officer Director
$0 $0 $0
ROB KESLER VICE PRESIDE 1.00
Officer Director
$0 $0 $0
MIKE WELK SECRETARY 1.00
Officer Director
$0 $0 $0
JOSH PETERS TREASURER 1.00
Officer Director
$0 $0 $0
MARCIA MCNAGY DIRECTOR 1.00
Director
$0 $0 $0
JIM LASHBROOK DIRECTOR 1.00
Director
$0 $0 $0
BRAD JOYNER DIRECTOR 1.00
Director
$0 $0 $0
COLIN NICOL DIRECTOR 1.00
Director
$0 $0 $0
TOM SCHILLING DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,436,440 $4,035,490 $4,673,306 $400,950
2024 $4,241,750 $3,981,309 $4,331,292 $260,441
2023 $3,644,085 $3,579,624 $5,712,689 $64,461
2022 $3,121,164 $3,065,218 $4,746,988 $55,946
2021 $2,941,990 $2,674,118 $4,190,958 $267,872
2020 $2,802,227 $2,390,137 $3,646,711 $412,090
2019 $2,359,195 $2,297,806 $3,164,794 $61,389
2018 $2,413,432 $2,162,639 $3,227,738 $250,793
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