2026-02-09T15:00:19-08:00 2025-03-31 814693463 Midwest Advisors 564 Washington Street Naperville IL 60540 990 2024-04-01 363130502 VALLEY LO CLUB ASSOCIATION INC VALL 8477295550 2200 TANGLEWOOD DRIVE GLENVIEW IL 60025 Doug Ward Treasurer 2026-02-09 true true Matthew Lohrenz P02010128 6305053620 2024 2025-03-06 01:10:19Z Noah Finkel 2200 TANGLEWOOD DRIVE GLENVIEW IL 60025 11501921 false X WWW.VALLEYLO.COM X 1961 IL SEE SCHEDULE O 13 13 305 13 87272 126773 0 7189687 7500622 134638 105049 -64855 -21299 7259470 7584372 0 0 3257175 3488195 0 0 3405938 3820937 6663113 7309132 596357 275240 22149114 21366065 6574695 5591219 15574419 15774846 SEE SCHEDULE O false false PROVIDE GOLF, SWIMMING, TENNIS, OTHER SPORT, RESTAURANT AND CLUBHOUSE FACILITIES FOR THE SOCIAL AND RECREATIONAL BENEFIT OF MEMBERS. N/A false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 36 0 true 305 true true true false false false true true 877500 396417 false false false X 13 13 false false false false true true true true true false false false true true true true false true true false X ED MIHOK 8477295550 2200 TANGLEWOOD DRIVE GLENVIEW IL 60025 X JUDITH HIGGINS GENERAL MANAGER 40.00 0.00 273161 0 27118 Michael Marino Dir. of Racquets 40.00 0.00 235580 0 28875 William Dunmire Dir. of Recreation 40.00 0.00 147333 0 29917 EDWARD MIHOK CONTROLLER 40.00 0.00 144070 0 31685 Ryan Hinners Grounds Super 40.00 0.00 136528 0 12255 Jason Herling Executive Chef 40.00 0.00 132481 0 605 JULIE TRAUB Director 1.00 0.00 X 0 0 0 Doug Ward Director 1.00 0.00 X 0 0 0 JOSH HOLTON Director 1.00 0.00 X 0 0 0 PETE LANGAS Treasurer 4.00 0.00 X X 0 0 0 Noah Finkel President 5.00 0.00 X X 0 0 0 BRAD NAGEL Director 1.00 0.00 X 0 0 0 LINDSAY MALMANIS Director 1.00 0.00 X 0 0 0 MICHAEL AUDA Vice President 1.00 0.00 X 0 0 0 Jane Lustig Secretary 1.00 0.00 X X 0 0 0 Beth Kersten Director 1.00 0.00 X 0 0 0 Crosbie Lind Director 1.00 0.00 X 0 0 0 Jerry Ehlinger Director 1.00 0.00 X 0 0 0 MICHELLE MCGOWAN Director 1.00 0.00 X 0 0 0 LAURIE KOHL Vice President 2.00 0.00 X X 0 0 0 RICHARD KREUTZFELDT Treasurer 4.00 0.00 X X 0 0 0 1069153 130455 6 false true false 0 0 FITNESS CLUB REVENUE 169726 169726 GREENS FEES & OTHER GOLF 42607 42607 JUNIOR SPORTS 671144 671144 MEMBERSHIP DUES & ASSESSM 6247519 6247519 TENNIS, POOL & BOATS 322657 322657 46969 46969 7500622 105049 105049 0 0 0 0 0 0 3896250 3917549 -21299 -3522 -17777 0 7584372 7497100 87272 0 0 0 0 306314 0 2606310 45085 270319 260167 0 3278 22755 0 0 0 53438 7900 84263 96993 0 638918 2500 0 17937 0 0 1278837 171645 Operating Supplies 369038 SPORTS SERVICES & MEMB EVENTS 330386 Equipment Rentals & Maint 282169 Golf Course Grounds & Bu 136411 324469 7309132 0 0 0 810002 234604 3119900 1673428 0 752051 780742 0 0 40250 37345 122676 153871 110762 141344 30834519 12557897 17042497 18276622 0 0 0 0 150976 68109 22149114 21366065 1181733 626408 856948 720205 4470902 4175624 65112 68982 6574695 5591219 X 15574419 15774846 15574419 15774846 22149114 21366065 X 275240 -74813 X false true X true false 255000 255000 18592442 7474474 11117968 5756690 3100465 2656225 6230387 1982958 4247429 18276622 ADVANCE DEPOSITS (BANQUETS) 49060 Operating Lease Payable 11018 Operating Lease Payable -current 8904 68982 X 11449993 3917549 3917549 7532444 51928 51928 7584372 11249566 3992362 3992362 7257204 51928 51928 7309132 Part X : FIN48 Footnote THE CLUB'S INCOME TAX PROVISION IS CALCULATED UNDER THE ASSET AND LIABILITY METHOD AND WHEN NECESSARY THE TAX PROVISION INCLUDES AMOUNTS FOR UNCERTAIN TAX POSITIONS WHICH DO NOT MEET A "MORE LIKELY THAN NOT" STANDARD THAT THEY WILL BE SUSTAINED ON EXAMINATION BY TAX AUTHORITIES. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 COST OF GOODS SOLD $3917549 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S REVENUE AND EXPENSES, NETTED $51928 Part XII, Line 2d: Other expenses and losses per audited F/S COST OF GOODS SOLD $3917549 Change in interest rate swap $74813 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S REVENUE AND EXPENSES, NETTED $51928 X X false false false EDWARD MIHOK CONTROLLER 129320 14750 4970 26715 175755 JUDITH HIGGINS GENERAL MANAGER 238161 35000 9731 17387 300279 Michael Marino Dir. of Racquets 223580 12000 3706 25169 264455 William Dunmire Dir. of Recreation 124333 23000 3283 26634 177250 Form 990, Part VI, Section A, Line 6 THE CLUB IS ORGANIZED WITH VARIOUS CLASSES OF MEMBERS. Form 990, Part VI, Section A, Line 7a THE EQUITY MEMBERS AND GRANDFATHERED MEMBERS VOTE ANNUALLY TO ELECT FIVE BOARD MEMBERS TO THREE YEAR TERMS. Form 990, Part VI, Section A, Line 7b BY LAW CHANGES OR CAPITAL IMPROVEMENTS OF MORE THAN $100,000 MUST BE APPROVED BY ELIGIBLE VOTING MEMBERS. Form 990, Part VI, Section B, Line 11b A COPY OF THE 990 IS PRESENTED TO THE PRESIDENT FOR REVIEW. AFTER REVIEWING THE RETURN THE PRESIDENT THEN DISCUSSES THE RETURN WITH THE FINANCE COMMITTEE AND OTHER MEMBERS OF THE BOARD. Form 990, Part VI, Section B, Line 12c DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO AFFIRMATIVELY ATTEST TO HAVING READ AND COMPLIED WITH THE CLUB'S CONFLICT OF INTEREST POLICIES. THE BOARD REVIEWS THE SIGNED STATEMENTS ANNUALLY. Form 990, Part VI, Section B, Line 15a A COMPENSATION COMMITTEE IS RESPONSIBLE FOR DETERMINING COMPENSATION FOR THE GENERAL MANAGER WHO IS THE TOP MANAGEMENT OFFICAL. FACTORS CONSIDERED DURING THE PROCESS INCLUDE THE USE OF THE INDUSTRY COMPARABLE SURVEYS AND EVALUATION OF THE INDIVIDUAL'S PERFORMANCE. Form 990, Part VI, Section B, Line 15b A COMPENSATION COMMITTEE IS RESPONSIBLE FOR DETERMINING COMPENSATION FOR ALL OTHER KEY EMPLOYEES OF THE ORGANIZATION. FACTORS CONSIDERED DURING THE PROCESS INCLUDE THE USE OF THE INDUSTRY COMPARABLE SURVEYS AND EVALUATION OF EACH INDIVIDUAL'S PERFORMANCE. Form 990, Part VI, Section C, Line 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC Form 990, Part XI, Line 9 Change in fair value of interest rate swap = -$74813 FORM 990 - ORGANIZATION'S MISSION THE PURPOSE OF THE CLUB IS TO OWN, OPERATE, CONDUCT AND MAINTAIN A NOT-FOR-PROFIT PRIVATE MEMBERSHIP CLUB FOR THE PROMOTION OF THE PHYSICAL AND SOCIAL WELFARE OF AND FRIENDLY INTERACTION AMONG ITS MEMBERS AND THEIR GUESTS.