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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

HVOP501(c)(7) · MEDIUMNAICS 713910EIN 56-0268640

Hope Valley Country Club Inc

Durham, NC · founded 1944

14 filings on recordFY 2010–2023medium confidence

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FY23 Total Revenue

$8.52M

▲ 7.6% YoY

FY23 Total Expenses

$7.90M

▲ 6.5% YoY

Operating Margin

7.4%

revenue minus expenses ÷ revenue

Employees

202

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$8.5M

▲ 15.0% / 5y

Expenses

$7.9M

▲ 21.7% / 5y

Total Assets

$11.4M

▲ 48.5% / 5y

Total Liabilities

$3.9M

▲ 134.8% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$7.4M	$6.9M	$6.9M	$7.9M	$8.5M	+15.0%
Expenses	$6.5M	$6.6M	$6.6M	$7.4M	$7.9M	+21.7%
Net surplus	$927K	$277K	$277K	$508K	$628K	-32.2%
Total assets	$7.7M	$9.8M	$9.8M	$10.3M	$11.4M	+48.5%
Total liabilities	$1.7M	$3.5M	$3.5M	$3.5M	$3.9M	+134.8%
Net assets	$6.0M	$6.3M	$6.3M	$6.8M	$7.4M	+24.3%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
Robert Byrnes Head Golf Professional· 40h/wk	$165,172	$7,655
Emzi Wewers General Manager· 40h/wk	$162,098	$7,453
Travis Dickerson Assistant General Manager· 40h/wk	$115,759	$5,970
Chad Buchman Golf Course Maintenance· 40h/wk	$112,281	$6,406
Lindsey Foschi Membership Director· 40h/wk	$103,907	$6,003

+ 12 unpaid officers/directors as reported (Andy Freedman, Bobby Ferrel, Bryson Powell, +9 more)

Top contractors

FY23 · vendors paid $100k+ as reported

Vendor	Service	Paid
Bobby Jones Links ALPHARETTA, GA	Management services	$178,000
Swim Club Management Group LLC HUNTERSVILLE, NC	Pool & racquet	$134,677
Ct Wilson Construction DURHAM, NC	Construction & renovation	$122,834

Revenue by activity

FY23 · dues, greens fees, dining, and other sources

Line item	Amount
MEMBERSHIP DUES & FEES	$5,355,452
FOOD & BEVERAGE REVENUE	$2,375,558
GOLF REVENUE	$427,596
RAQUET SPORTS & SWIMMING	$208,811
LOCKER ROOM FEES	$12,860

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$1.9M

▼ $300K paid down

Net land, buildings & equipment

$7.5M

book value, net of depreciation

Facility age

68%

accumulated depreciation ÷ cost — higher = older plant

Tax-exempt bond liabilities

end of year

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

Professionally managedFY23 · Form 990, Part IX

Management fees	$178,000
Insurance	$104,240
Occupancy	$453,789
Depreciation & depletion	$749,104
Information technology	$96,771
Advertising & promotion	$44,864
Office expenses	$80,221
Legal fees	$1,260
Accounting fees	$0
Other professional fees	$324,136

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

HFounded in 1944, Hope Valley Country Club Inc reported $8.52M of revenue for FY23, at an operating margin of 7.4%. Revenue moved up 7.6% 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.

Source documents

▸ Form 990, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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