HEND501(c)(7) · MEDIUMNAICS 713910EIN 56-0509746
Henderson Country Club Inc
Henderson, NC · founded 1950
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.61M
▲ 13.3% YoY
FY23 Total Expenses
$1.75M
▲ 8.1% YoY
Operating Margin
-8.7%
revenue minus expenses ÷ revenue
Employees
0
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.6M
▲ 11.0% / 5y
Expenses
$1.7M
▲ 2.4% / 5y
Total Assets
$2.8M
▼ 14.9% / 5y
Total Liabilities
$1.8M
▲ 12.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.4M | $1.5M | $1.5M | $1.4M | $1.6M | +11.0% |
| Expenses | $1.7M | $1.5M | $1.5M | $1.6M | $1.7M | +2.4% |
| Net surplus | -$258K | -$20K | -$20K | -$198K | -$140K | -45.6% |
| Total assets | $3.3M | $2.8M | $2.8M | $2.9M | $2.8M | -14.9% |
| Total liabilities | $1.6M | $1.7M | $1.7M | $1.8M | $1.8M | +12.0% |
| Net assets | $1.7M | $1.1M | $1.1M | $1.1M | $978K | -41.0% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 14 unpaid officers/directors as reported (AMINE SEIFERT, ANN FREEMAN, CLAY FRAZIER, +11 more)
All 14 listed officers reported $0 compensation — volunteer board.
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 |
|---|---|
| CART FEES | $77,141 |
| GREEN FEES/BAG STORAGE | $44,703 |
| TRAIL & STORAGE FEES | $29,151 |
| GOLF MERCHANDISE SALES | $11,185 |
| POOL & TENNIS FEES | $1,605 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.7M
▼ $12K paid down
Net land, buildings & equipment
$2.5M
book value, net of depreciation
Facility age
64%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $72,000 |
| Insurance | $55,401 |
| Occupancy | $101,203 |
| Depreciation & depletion | $164,376 |
| Information technology | $22,723 |
| Advertising & promotion | $12,123 |
HFounded in 1950, Henderson Country Club Inc reported $1.61M of revenue for FY23, at an operating margin of -8.7%. Revenue moved up 13.3% 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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