CABA501(c)(7) · MEDIUMNAICS 713910EIN 56-0159467
Cabarrus Country Club Inc
Concord, NC · founded 1942
14 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$4.87M
▲ 8.8% YoY
FY23 Total Expenses
$4.84M
▲ 9.9% YoY
Operating Margin
0.7%
revenue minus expenses ÷ revenue
Employees
143
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2023 · as filed
Revenue
$4.9M
▲ 3.2% / 5y
Expenses
$4.8M
▲ 21.9% / 5y
Total Assets
$5.2M
▲ 7.4% / 5y
Total Liabilities
$4.2M
▲ 6.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.7M | $4.7M | $4.7M | $4.5M | $4.9M | +3.2% |
| Expenses | $4.0M | $4.0M | $4.0M | $4.4M | $4.8M | +21.9% |
| Net surplus | $750K | $750K | $750K | $74K | $33K | -95.6% |
| Total assets | $4.8M | $4.8M | $4.8M | $5.2M | $5.2M | +7.4% |
| Total liabilities | $4.0M | $4.0M | $4.0M | $4.3M | $4.2M | +6.3% |
| Net assets | $840K | $840K | $840K | $914K | $947K | +12.7% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
Justin Verway General Manager· 50h/wk | $120,867 | $11,746 |
Kevin Lutz Golf Course Superintendent· 50h/wk | $96,558 | $6,000 |
+ 10 unpaid officers/directors as reported (Dale Schneider, Joe Horton, Lance Martin, +7 more)
Top contractors
FY23 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| Member dues and assessments | $2,730,248 |
| Food and beverage | $1,446,356 |
| Golf operations | $528,066 |
| Pool and tennis | $70,040 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$3.6M
▼ $138K paid down
Net land, buildings & equipment
$4.2M
book value, net of depreciation
Facility age
63%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $56,957 |
| Occupancy | $168,203 |
| Depreciation & depletion | $316,510 |
| Information technology | $41,563 |
| Advertising & promotion | $10,612 |
| Office expenses | $8,030 |
| Accounting fees | $51,094 |
| Other professional fees | $53,959 |
CFounded in 1942, Cabarrus Country Club Inc reported $4.87M of revenue for FY23, at an operating margin of 0.7%. Revenue moved up 8.8% against the prior posted return. Every figure on this page is drawn from the club’s Form 990 as filed; a dash marks a value the filing did not report.
Source documents
The Quarterly · free
Get Cabarrus Country Club Inc’s next filing — the day it posts.
We read every 990 so you don't have to — new filings, compensation moves, and the figures worth knowing, four times a year.
Quarterly only · no spam
Free · quarterly · unsubscribe in one click
Similar clubs
matched on revenue, geography & business mix
Same revenue band
BELMBelmont Country Club
Revenue $4.9M — near your $4.9M
$4.9Mcompare →
POCAPocasset Golf Club Inc
Revenue $4.9M — near your $4.9M
$4.9Mcompare →
PHILPhilmont Country Club
Revenue $4.9M — near your $4.9M
$4.9Mcompare →
Same state · NC
BENTBentwinds Golf & Country Club Inc
NC club · $4.7M
$4.7Mcompare →
PVINPine Valley Country Club Inc
NC club · $4.6M
$4.6Mcompare →
RHOLRolling Hills Country Club Inc
NC club · $5.2M
$5.2Mcompare →
Similar revenue mix
EMAGEagles Mere Country Club
100% similar revenue mix
$2.5Mcompare →
RHIVRiver Hills Country Club Inc
100% similar revenue mix
$6.3Mcompare →
HBBAThe Harry B Brownson Country Club Inc
100% similar revenue mix
$3.9Mcompare →
Similar payroll intensity
ROANRoanoke Country Club Inc
Payroll intensity 46.3% · near your 46.3%
$4.8Mcompare →
DAVEDavenport Country Club
Payroll intensity 46.3% · near your 46.3%
$6.4Mcompare →
LELALeland Country Club
Payroll intensity 46.3% · near your 46.3%
$1.5Mcompare →