CFOW501(c)(7) · MEDIUMNAICS 713910EIN 56-0792042
Cowans Ford Country Club Inc
Stanley, NC · founded 1966
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$2.89M
▼ 0.5% YoY
FY23 Total Expenses
$2.73M
▲ 7.9% YoY
Operating Margin
5.5%
revenue minus expenses ÷ revenue
Employees
74
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$2.9M
▲ 25.1% / 5y
Expenses
$2.7M
▲ 35.8% / 5y
Total Assets
$6.8M
▼ 5.2% / 5y
Total Liabilities
$2.0M
▲ 99.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.3M | $2.7M | $2.7M | $2.9M | $2.9M | +25.1% |
| Expenses | $2.0M | $2.4M | $2.4M | $2.5M | $2.7M | +35.8% |
| Net surplus | $299K | $368K | $368K | $374K | $160K | -46.5% |
| Total assets | $7.2M | $8.1M | $8.1M | $8.3M | $6.8M | -5.2% |
| Total liabilities | $1.0M | $2.2M | $2.2M | $2.1M | $2.0M | +99.9% |
| Net assets | $6.2M | $5.9M | $5.9M | $6.2M | $4.8M | -22.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 13 unpaid officers/directors as reported (CARL ROBINSON, CHAD WEBB, JERRY SENNETT, +10 more)
All 13 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 |
|---|---|
| MEMBERSHIP DUES | $1,898,415 |
| GOLF FEES | $410,023 |
| NON-MEMBER GOLF REVENUE | $164,307 |
| MISCELLANEOUS INCOME | $44,026 |
| SWIM FEES | $16,740 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$1.8M
▼ $135K paid down
Net land, buildings & equipment
$6.5M
book value, net of depreciation
Facility age
14%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $9,365 |
| Occupancy | $66,556 |
| Information technology | $295 |
| Advertising & promotion | $14,654 |
| Office expenses | $64,733 |
| Accounting fees | $17,502 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
COWAN'S FORD COUNTRY CLUB, INC. EMPLOYEES' 401(K) PLAN
pension · 23 participants · $1.9M assets · FY2024
CFounded in 1966, Cowans Ford Country Club Inc reported $2.89M of revenue for FY23, at an operating margin of 5.5%. Revenue moved down 0.5% 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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