| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.6M | $5.9M | $5.9M | $5.5M | $6.1M | +33.4% |
| Expenses | $4.7M | $4.7M | $4.7M | $5.3M | $6.0M | +29.8% |
| Net surplus | -$90K | $1.2M | $1.2M | $178K | $46K | -151.1% |
| Total assets | $3.2M | $4.8M | $4.8M | $6.6M | $7.3M | +127.5% |
| Total liabilities | $2.7M | $3.2M | $3.2M | $4.8M | $5.4M | +96.3% |
| Net assets | $450K | $1.6M | $1.6M | $1.8M | $1.9M | +317.7% |
| Officer · Employee | Reportable | Other |
|---|---|---|
CHARLES GARNETT Director of Racquets· 40h/wk | $190,996 | $14,425 |
KENNETH CHURCH General Manager· 40h/wk | $145,909 | $49,548 |
BRIAN REPPART DIRECTOR OF GOLF AND CS OP· 40h/wk | $127,243 | $9,529 |
CANDAS BROWN DINING OPERATIONS MANAGER· 40h/wk | $79,173 | $6,857 |
KAREN CONNER Controller· 40h/wk | $78,178 | $13,050 |
+ 12 unpaid officers/directors as reported (BARBARA HAEME, BILLY TRUITT, BUSTER MANN, +9 more)
| Vendor | Service | Paid |
|---|---|---|
DAVID E LOOPER AND CO HICKORY, NC | RESTAURANT RENOVATIONS | $749,738 |
LANDSCAPES UNLIMITED LLC LINCOLNTON, NE | BUNKER RENOVATIONS | $346,514 |
BILL LOVE GRADING INC CONOVER, NC | SINK HOLE / GOLF COURSE REPAIR | $102,400 |
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $3,282,292 |
| GOLF INCOME | $693,507 |
| INITIATION FEES | $156,483 |
LFounded in 1950, Lake Hickory Country Club Inc reported $6.09M of revenue for FY23, at an operating margin of 0.8%. Revenue moved up 11.6% 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.