HEND501(c)(7) · MEDIUMNAICS 713910EIN 56-0487335
Hendersonville Country Club Inc
Hendersonvlle, NC · founded 1969
13 filings on recordFY 2012–2024medium confidence
Compare to peers →FY24 Total Revenue
$5.59M
▲ 4.3% YoY
FY24 Total Expenses
$5.16M
▲ 0.4% YoY
Operating Margin
7.8%
revenue minus expenses ÷ revenue
Employees
151
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2024 · as filed
Revenue
$5.6M
▲ 24.2% / 5y
Expenses
$5.2M
▲ 16.1% / 5y
Total Assets
$8.2M
▲ 66.4% / 5y
Total Liabilities
$2.6M
▲ 42.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY24 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.5M | $4.8M | $5.2M | $5.4M | $5.6M | +24.2% |
| Expenses | $4.4M | $3.9M | $4.4M | $5.1M | $5.2M | +16.1% |
| Net surplus | $62K | $934K | $821K | $227K | $437K | +600.1% |
| Total assets | $4.9M | $5.6M | $6.7M | $7.2M | $8.2M | +66.4% |
| Total liabilities | $1.8M | $1.6M | $1.8M | $2.0M | $2.6M | +42.4% |
| Net assets | $3.1M | $4.1M | $4.9M | $5.2M | $5.6M | +80.3% |
Officer & staff compensation
FY24 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
ANTHONY CHELENA GENERAL MANA· 40h/wk | $182,520 | $22,390 |
+ 12 unpaid officers/directors as reported (BARBARA CLAY, CHUCK BORMAN, DAN POETA, +9 more)
Top contractors
FY24 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY24 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP REVENUE | $3,263,395 |
| INITIATION FEES | $565,893 |
| LOCKER AND CART RENTALS | $318,454 |
| GREENS FEES | $145,912 |
| CLUB STORAGE | $21,583 |
Balance sheet & capital
FY24 · IRS Form 990, Part X
Mortgages & notes payable
$711K
▲ $483K new borrowing
Net land, buildings & equipment
$5.0M
book value, net of depreciation
Facility age
65%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY24 · Form 990, Part IX
| Insurance | $88,176 |
| Depreciation & depletion | $357,859 |
| Advertising & promotion | $1,223 |
| Office expenses | $37,991 |
| Legal fees | $115 |
| Accounting fees | $15,500 |
| Other professional fees | $302,229 |
HFounded in 1969, Hendersonville Country Club Inc reported $5.59M of revenue for FY24, at an operating margin of 7.8%. Revenue moved up 4.3% 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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