| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $11.0M | $10.3M | $13.2M | $15.8M | $16.2M | +47.2% |
| Expenses | $11.5M | $9.5M | $11.2M | $12.9M | $15.3M | +32.8% |
| Net surplus | -$539K | $770K | $2.1M | $2.9M | $867K | -260.9% |
| Total assets | $19.7M | $20.0M | $21.4M | $25.4M | $25.9M | +31.8% |
| Total liabilities | $9.1M | $8.6M | $8.0M | $9.2M | $8.8M | -3.2% |
| Net assets | $10.6M | $11.3M | $13.4M | $16.2M | $17.1M | +62.0% |
| Officer · Employee | Reportable | Other |
|---|---|---|
PAUL LEE SMITH CHEIF OPERATING OFFICER (DECEASED)· 60h/wk | $304,760 | $34,974 |
MATTHEW JONES Golf Course Superintendent· 45h/wk | $184,200 | $18,468 |
CHASE ADAMS Head Golf Professional· 45h/wk | $158,572 | $23,394 |
KYLE W SLAGLE CHEIF FINANCIAL OFFICER· 45h/wk | $147,961 | $28,759 |
ADAM THOMSON Head Tennis Professional· 45h/wk | $135,226 | $31,913 |
RENATE VAN STADEN FITNESS DIRECTOR· 45h/wk | $101,935 | $17,231 |
+ 9 unpaid officers/directors as reported (BOB BOLES, JOHN FRAGG, JOSH CRANE, +6 more)
| Vendor | Service | Paid |
|---|---|---|
NEW ATLANTIC CONTRACTING INC WINSTON SALEM, NC | CONSTRUCTION/RENOVATION FOR CLUB | $772,088 |
BOZEMAN CLUB & CORPORATE INTERIORS ATLANTA, GA | INTERIOR DESIGN FOR CLUB RENOVATION | $531,340 |
PDC INC GREENSBORO, NC | PICKLEBALL CONSTRUCTION | $484,439 |
BRADY TRANE SERVICE GREENSBORO, NC | HVAC | $194,148 |
HICAPS GREENSBORO, NC | POOL PUMP REPAIRS | $119,007 |
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $8,811,490 |
| FOOD & BEVERAGE | $4,366,858 |
| INITIATION FEES | $1,242,260 |
| GOLF REVENUE | $745,576 |
| POOL & FITNESS REVENUE | $527,149 |
FFounded in 1943, Forsyth Country Club Co reported $16.18M of revenue for FY23, at an operating margin of 5.4%. Revenue moved up 2.6% 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.