CARM501(c)(7) · MEDIUMNAICS 713910EIN 56-0507966

Carmel Country Club Inc

Charlotte, NC · founded 1949
13 filings on recordFY 20112023medium confidence
FY23 Total Revenue
$32.36M
▲ 27.6% YoY
FY23 Total Expenses
$31.88M
▲ 17.7% YoY
Operating Margin
1.5%
revenue minus expenses ÷ revenue
Employees
526
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$32.4M
▲ 45.7% / 5y
22.219.523.325.432.4
Expenses
$31.9M
▲ 57.1% / 5y
20.317.621.627.131.9
Total Assets
$54.8M
▲ 40.0% / 5y
39.150.256.154.754.8
Total Liabilities
$18.0M
▲ 122.6% / 5y
8.117.221.421.518.0

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$22.2M$19.5M$23.3M$25.4M$32.4M+45.7%
Expenses$20.3M$17.6M$21.6M$27.1M$31.9M+57.1%
Net surplus$1.9M$2.0M$1.8M-$1.7M$485K-74.8%
Total assets$39.1M$50.2M$56.1M$54.7M$54.8M+40.0%
Total liabilities$8.1M$17.2M$21.4M$21.5M$18.0M+122.6%
Net assets$31.1M$33.0M$34.7M$33.1M$36.8M+18.6%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
AARON DAWSON
General Manager· 50h/wk
$424,038$25,950
DONALD GOODRICH
COURSE SUPERINTENDANT· 50h/wk
$293,431$31,548
JEFF NICHOLS
DIRECOTR OF GOLF, FORMER· 50h/wk
$287,753
MARK WOOD
DIRECTOR OF INSTRUCTION· 50h/wk
$272,750$31,901
CLARK HOWELL
Director of Racquets· 50h/wk
$260,805$30,129
CRAIG MEYER
Executive Chef· 50h/wk
$260,127$29,918
ALEKSANDAR MARKOV
ASSISTANT TENNIS PRO· 50h/wk
$254,757$34,853
JASON MILLS
Director of Golf· 50h/wk
$205,995$11,565
RICHARD LANCASTER
Controller· 50h/wk
$199,065$30,117
NICOLE GUY
CLUBHOUSE MANAGER· 50h/wk
$180,274$26,823
PHILIP DODDS
Membership Director· 50h/wk
$178,587$4,878
JOHN SCHULTZ
General Manager· 50h/wk
$173,868

+ 14 unpaid officers/directors as reported (ALI ELAASAR, AMY SHOBER, BILL HAMEL, +11 more)

Top contractors

FY23 · vendors paid $100k+ as reported
VendorServicePaid
US FOODSERVICE
CHARLOTTE, NC
FOOD & BEVERAGE SUPPLIES$1,450,384
SMART AND QUICK SOLUTIONS CB LLC
CHARLOTTE, NC
TEMPORARY STAFFING SERVICE$648,345
GOLF COURSE SERVICES
CHARLOTTE, NC
GOLF COURSE SERVICES$628,722
ACUSHNET
BOSTON, MA
GOLF MERCHANDISE$616,976
MECKLENBURG ABC BOARD
CHARLOTTE, NC
ALCOHOL BEVERAGE DISTRIBUTOR$411,537

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MEMBER DUES & ASSESSMENTS$20,264,544
GOLF$3,652,025
TENNIS$926,902
LOCKERS$297,960
POOL HEALTH & FITNESS$275,310

CFounded in 1949, Carmel Country Club Inc reported $32.36M of revenue for FY23, at an operating margin of 1.5%. Revenue moved up 27.6% 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.

Source documents
Form 990, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 10 more · via ProPublica
BLTS $29.2M ▲4.1
STLC $18.4M ▲8.1
ESSX $15.3M ▲11.2
TRDN $17.7M ▼1.4
MRON $17.0M ▲5.2
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