CHAR501(c)(7) · MEDIUMNAICS 713910EIN 56-0173700
Charlotte Country Club Inc
Charlotte, NC · founded 1952
14 filings on recordFY 2010–2023medium confidence
Compare to peers →FY23 Total Revenue
$24.59M
▲ 6.4% YoY
FY23 Total Expenses
$22.72M
▲ 10.8% YoY
Operating Margin
7.6%
revenue minus expenses ÷ revenue
Employees
443
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$24.6M
▲ 25.8% / 5y
Expenses
$22.7M
▲ 28.1% / 5y
Total Assets
$55.6M
▲ 45.5% / 5y
Total Liabilities
$12.5M
▲ 30.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $19.5M | $24.6M | $24.6M | $23.1M | $24.6M | +25.8% |
| Expenses | $17.7M | $17.0M | $17.0M | $20.5M | $22.7M | +28.1% |
| Net surplus | $1.8M | $7.7M | $7.7M | $2.6M | $1.9M | +3.5% |
| Total assets | $38.2M | $47.0M | $47.0M | $55.6M | $55.6M | +45.5% |
| Total liabilities | $9.5M | $9.4M | $9.4M | $14.0M | $12.5M | +30.6% |
| Net assets | $28.7M | $37.6M | $37.6M | $41.6M | $43.2M | +50.5% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
PRISCILLA EICH GM/COO· 60h/wk | $513,674 | $37,029 |
JOHN SZKLINSKI Golf Course Superintendent· 80h/wk | $467,624 | $44,475 |
THOMAS WILLIAMSON DIR. OF GOLF OPERATIONS· 50h/wk | $458,075 | $28,315 |
JOHN FIELDS DIRECTOR OF INSTRUCTION· 50h/wk | $266,039 | $36,587 |
LAURENT PILLARD Executive Chef· 60h/wk | $265,982 | $27,804 |
QUINN MOE CLUBHOUSE MANAGER· 60h/wk | $181,165 | $8,691 |
IRVING DRISCOLL Director of Racquets· 50h/wk | $172,391 | $30,704 |
TRACY RIVERS DIRECTOR OF HR· 50h/wk | $155,699 | $1,050 |
LOYD GOFF FACILITIES MANAGER· 50h/wk | $152,696 | $37,150 |
GLENN SQUIRE Controller· 50h/wk | $148,510 | $27,555 |
THOMAS REDDING ASSISTANT TEACHING PROF.· 50h/wk | $131,885 | $13,160 |
JOHN MEYER Head Tennis Professional· 50h/wk | $121,979 | $12,665 |
+ 15 unpaid officers/directors as reported (BYRON BERNARD BURNS III, CHARLES B THRIFT IV, JAMES W THOMPSON JR, +12 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Edison Foard Construction Services Inc CHARLOTTE, NC | Construction & renovation | $852,048 |
| Showalter Construction Co CHARLOTTE, NC | Construction & renovation | $261,317 |
| Bartzen & Ball PLLC RICHMOND, VA | Course architecture | $188,887 |
| Howard B Jones & Son Inc MCCLELLANVILLE, SC | Construction & renovation | $122,500 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $14,035,648 |
| FOOD & BEVERAGE | $7,049,908 |
| GOLF, SWIMMING, TENNIS & SQUASH | $1,874,190 |
| CAPITAL ASSESSMENTS | $970,813 |
| CLUBHOUSE ACTIVITIES | $421,454 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$9.5M
▼ $1.1M paid down
Net land, buildings & equipment
$45.9M
book value, net of depreciation
Facility age
49%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $173,405 |
| Insurance | $212,263 |
| Occupancy | $1,053,274 |
| Depreciation & depletion | $3,367,774 |
| Information technology | $205,479 |
| Advertising & promotion | $80,648 |
| Office expenses | $6,622 |
| Accounting fees | $41,791 |
| Other professional fees | $36,926 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
CHARLOTTE COUNTRY CLUB INC MEDICAL INSURANCE PLAN
welfare · 159 participants · FY2024
CFounded in 1952, Charlotte Country Club Inc reported $24.59M of revenue for FY23, at an operating margin of 7.6%. Revenue moved up 6.4% 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
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