Is Mohawk Golf Club Legit?

Mohawk Golf Club, despite its 501(c)(7) social club status, exhibits a concerning financial trend with consistent operating deficits in most reported years. For instance, in 2018, expenses of $3,220,766 exceeded revenue of $3,016,869, and similar patterns are observed in 2017, 2016, 2015, 2014, 2012, and 2011. While the latest reported revenue is $5,279,201, without corresponding expense data, it's difficult to assess recent profitability. The organization's asset reporting is highly inconsistent, with assets fluctuating significantly from over $6 million in 2013 to a reported $1 in the latest filing, which raises significant questions about financial reporting accuracy or a major restructuring. Liabilities have also been substantial, often nearly matching assets, indicating a highly leveraged position. The organization's transparency regarding its operational spending breakdown is limited by the provided data, as 501(c)(7) organizations are not typically subject to the same public disclosure requirements as public charities. However, the consistent negative operating margins suggest that the club's revenue streams are often insufficient to cover its operational costs. The lack of reported officer compensation across all filings suggests either a volunteer-led executive structure or that compensation is reported differently for social clubs, which is a common characteristic for this type of nonprofit. The dramatic drop in reported assets to $1 is a major red flag that warrants further investigation into the club's financial stability and reporting practices.