HIGH501(c)(7) · MEDIUMNAICS 713910EIN 56-0485047
Highland Country Club Inc
Fayetteville, NC · founded 1948
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$7.66M
▲ 10.1% YoY
FY23 Total Expenses
$6.35M
▲ 5.0% YoY
Operating Margin
17.1%
revenue minus expenses ÷ revenue
Employees
158
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$7.7M
▲ 34.9% / 5y
Expenses
$6.4M
▲ 16.4% / 5y
Total Assets
$12.0M
▲ 13.6% / 5y
Total Liabilities
$1.9M
▼ 44.8% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $5.7M | $6.2M | $6.2M | $7.0M | $7.7M | +34.9% |
| Expenses | $5.5M | $5.6M | $5.6M | $6.0M | $6.4M | +16.4% |
| Net surplus | $219K | $532K | $532K | $913K | $1.3M | +497.2% |
| Total assets | $10.6M | $10.0M | $10.0M | $11.0M | $12.0M | +13.6% |
| Total liabilities | $3.5M | $2.1M | $2.1M | $2.2M | $1.9M | -44.8% |
| Net assets | $7.1M | $7.9M | $7.9M | $8.8M | $10.1M | +42.3% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
CAMILLA BLACKWELDER General Manager· 40h/wk | $145,136 | — |
JAY DODGE Controller· 40h/wk | $8,673 | — |
+ 15 unpaid officers/directors as reported (ANDREW PENNINK, BOBBY BROWN, BRYAN MIRANDA, +12 more)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Micah Vugrinec Golf Shop LLC FAYETTEVILLE, NC | Management services | $297,179 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $4,556,367 |
| FOOD AND BEVERAGE | $2,219,277 |
| GOLF REVENUE | $484,461 |
| OTHER REVENUE | $30,257 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$7.3M
book value, net of depreciation
Facility age
60%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $100,426 |
| Occupancy | $651,003 |
| Depreciation & depletion | $488,310 |
| Advertising & promotion | $98,105 |
| Office expenses | $78,645 |
| Other professional fees | $187,042 |
HFounded in 1948, Highland Country Club Inc reported $7.66M of revenue for FY23, at an operating margin of 17.1%. Revenue moved up 10.1% 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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