GIRE501(c)(7) · MEDIUMNAICS 713910EIN 56-0245080

Greensboro Country Club Incorporated

Greensboro, NC · founded 1943
13 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$18.86M
▲ 24.7% YoY
FY23 Total Expenses
$20.64M
▲ 35.3% YoY
Operating Margin
-9.4%
revenue minus expenses ÷ revenue
Employees
469
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$18.9M
▲ 62.8% / 5y
11.614.113.715.118.9
Expenses
$20.6M
▲ 78.0% / 5y
11.614.412.915.320.6
Total Assets
$35.1M
▲ 80.8% / 5y
19.418.222.335.635.1
Total Liabilities
$21.8M
▲ 362.7% / 5y
4.73.87.020.521.8

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$11.6M$14.1M$13.7M$15.1M$18.9M+62.8%
Expenses$11.6M$14.4M$12.9M$15.3M$20.6M+78.0%
Net surplus-$10K-$253K$792K-$131K-$1.8M+18355.0%
Total assets$19.4M$18.2M$22.3M$35.6M$35.1M+80.8%
Total liabilities$4.7M$3.8M$7.0M$20.5M$21.8M+362.7%
Net assets$14.7M$14.5M$15.3M$15.1M$13.3M-9.3%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
MICHELLE LUNNEY
Chief Financial Officer· 50h/wk
$314,561$29,352
DOUG LOWE
GREENS SUPERINTENDANT· 50h/wk
$213,428$34,442
ROBERT FRITZ
GOLF TEACHING PRO· 50h/wk
$205,311$7,353
SHAYNE TAYLOR
Executive Chef· 50h/wk
$177,111$26,117
TYLER GOSSELIN
Director of Golf· 50h/wk
$147,731$31,442
FRIEDRICH EDER
General Manager· 50h/wk
$143,746$7,615
BETH WILKERSON
DIRECTOR OF HR· 50h/wk
$114,090$25,241
LORI FRASIER
Membership Director· 50h/wk
$110,769$7,877
TERRA WALDRON
OUTGOING GENERAL MANAGER· 50h/wk
$33,579

+ 15 unpaid officers/directors as reported (CARTER DAVENPORT, DAVID EGERTON, ELIZABETH PAYONK, +12 more)

Top contractors

FY23 · vendors paid $100k+ as reported
VendorServicePaid
TURNER ASPHALT
RALEIGH, NC
PAVING IRVING PARK PARKING LOT$115,513

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBERSHIP DUES$11,324,462
HOLIDAY BONUS, LESSONS, AND TRAIN$2,491,895
GOLF OPERATIONS$1,653,851
FITNESS CENTER$200,074
OTHER INCOME$142,030

GFounded in 1943, Greensboro Country Club Incorporated reported $18.86M of revenue for FY23, at an operating margin of -9.4%. Revenue moved up 24.7% 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
Form 990, FY2023 · period ending Sat Sep 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Fri Sep 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Thu Sep 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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