CATA501(c)(7) · MEDIUMNAICS 713910EIN 56-0490980
Catawba Country Club Inc
Newton, NC · founded 1953
13 filings on recordFY 2012–2024medium confidence
Compare to peers →FY24 Total Revenue
$3.64M
▼ 5.7% YoY
FY24 Total Expenses
$3.36M
▲ 1.7% YoY
Operating Margin
7.7%
revenue minus expenses ÷ revenue
Employees
131
headcount as reported on filing
The Five-Year Picture
FY2020 — FY2024 · as filed
Revenue
$3.6M
▲ 40.5% / 5y
Expenses
$3.4M
▲ 26.2% / 5y
Total Assets
$6.0M
▲ 57.6% / 5y
Total Liabilities
$3.3M
▲ 22.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY20 | FY21 | FY22 | FY23 | FY24 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.6M | $3.2M | $3.2M | $3.9M | $3.6M | +40.5% |
| Expenses | $2.7M | $3.1M | $3.1M | $3.3M | $3.4M | +26.2% |
| Net surplus | -$71K | $114K | $114K | $561K | $282K | -497.7% |
| Total assets | $3.8M | $4.7M | $4.7M | $5.6M | $6.0M | +57.6% |
| Total liabilities | $2.7M | $2.9M | $2.9M | $3.2M | $3.3M | +22.5% |
| Net assets | $1.2M | $1.9M | $1.9M | $2.5M | $2.8M | +137.3% |
Officer & staff compensation
FY24 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
Stephen Busic General Manager· 40h/wk | $157,200 | — |
+ 9 unpaid officers/directors as reported (Brian Leonard, Charlton Lindler, Greg Padgett, +6 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 |
|---|---|
| Golf Guest Fees | $235,407 |
| Cart Rental Income | $182,227 |
| Other Program Income | $109,567 |
| Driving Range Income | $73,043 |
| Golf Tournament | $40,458 |
Balance sheet & capital
FY24 · IRS Form 990, Part X
Mortgages & notes payable
$1.8M
▼ $162K paid down
Net land, buildings & equipment
$3.6M
book value, net of depreciation
Facility age
57%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY24 · Form 990, Part IX
| Insurance | $67,278 |
| Occupancy | $372,931 |
| Depreciation & depletion | $318,851 |
| Information technology | $29,932 |
| Advertising & promotion | $3,011 |
| Office expenses | $52,210 |
| Accounting fees | $9,231 |
| Other professional fees | $2,777 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
CATAWBA COUNTRY CLUB, INC 401(K) PLAN
pension · 26 participants · $1.4M assets · FY2024
CFounded in 1953, Catawba Country Club Inc reported $3.64M of revenue for FY24, at an operating margin of 7.7%. Revenue moved down 5.7% 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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