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

Hope Valley Country Club Inc

Durham, NC · founded 1944
14 filings on recordFY 20102023medium confidence
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
7.46.96.97.98.5
Expenses
$7.9M
▲ 21.7% / 5y
6.56.66.67.47.9
Total Assets
$11.4M
▲ 48.5% / 5y
7.79.89.810.311.4
Total Liabilities
$3.9M
▲ 134.8% / 5y
1.73.53.53.53.9

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ 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 · EmployeeReportableOther
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
VendorServicePaid
BOBBY JONES LINKS
ALPHARETTA, GA
MANAGEMENT$178,000
SWIM CLUB MANAGEMENT GROUP LLC
HUNTERSVILLE, NC
POOL MANAGEMENT$134,677
CT WILSON CONSTRUCTION
DURHAM, NC
CONSTRUCTION$122,834

Revenue by activity

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

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)
+ 11 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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