ALAM501(c)(7) · MEDIUMNAICS 713910EIN 56-0494280
Alamance Country Club Inc
Burlington, NC · founded 1974
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$5.91M
▲ 20.7% YoY
FY23 Total Expenses
$5.30M
▲ 9.9% YoY
Operating Margin
10.2%
revenue minus expenses ÷ revenue
Employees
190
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$5.9M
▲ 151.9% / 5y
Expenses
$5.3M
▲ 94.0% / 5y
Total Assets
$9.2M
▲ 4.1% / 5y
Total Liabilities
$2.2M
▼ 0.1% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.3M | $3.4M | $3.4M | $4.9M | $5.9M | +151.9% |
| Expenses | $2.7M | $2.8M | $2.8M | $4.8M | $5.3M | +94.0% |
| Net surplus | -$388K | $689K | $689K | $70K | $605K | -256.0% |
| Total assets | $8.8M | $10.9M | $10.9M | $8.8M | $9.2M | +4.1% |
| Total liabilities | $2.2M | $2.6M | $2.6M | $2.3M | $2.2M | -0.1% |
| Net assets | $6.7M | $8.3M | $8.3M | $6.4M | $7.0M | +5.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
CHARLIE NOLETTE General Manager· 60h/wk | $168,180 | $11,416 |
PETER HORN DIRECTOR OF AGRONOMY· 48h/wk | $121,175 | $5,891 |
+ 10 unpaid officers/directors as reported (ANIL PATEL, GREG LUNSFORD, JAY CLAYTON, +7 more)
Top contractors
FY23 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERSHIP DUES | $2,671,542 |
| CAPITAL ASSESSMENTS | $1,062,214 |
| INITIATION FEES | $195,947 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$6.4M
book value, net of depreciation
Facility age
61%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $80,400 |
| Occupancy | $266,504 |
| Depreciation & depletion | $696,411 |
| Office expenses | $205,810 |
| Legal fees | $398 |
| Accounting fees | $16,900 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
ALAMANCE COUNTRY CLUB, INC. EMPLOYEES 401(K) PROFIT SHARING PLANAMANCE COUNTRY CLUB, INC.
pension · 52 participants · $1.4M assets · FY2024
AFounded in 1974, Alamance Country Club Inc reported $5.91M of revenue for FY23, at an operating margin of 10.2%. Revenue moved up 20.7% 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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