HMIG501(c)(7) · MEDIUMNAICS 713910EIN 56-0815054
High Meadows Golf & Country Club Inc
Roaring Gap, NC · founded 1996
12 filings on recordFY 2011–2022medium confidence
Compare to peers →FY22 Total Revenue
$2.25M
▲ 11.1% YoY
FY22 Total Expenses
$1.92M
▲ 5.9% YoY
Operating Margin
14.8%
revenue minus expenses ÷ revenue
Employees
80
headcount as reported on filing
The Five-Year Picture
FY2018 — FY2022 · as filed
Revenue
$2.3M
▲ 3.5% / 5y
Expenses
$1.9M
▲ 25.7% / 5y
Total Assets
$5.8M
▲ 74.1% / 5y
Total Liabilities
$1.8M
▲ 855.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY18 | FY19 | FY20 | FY21 | FY22 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.2M | $1.5M | $2.0M | $2.0M | $2.3M | +3.5% |
| Expenses | $1.5M | $1.5M | $1.8M | $1.8M | $1.9M | +25.7% |
| Net surplus | $651K | -$57K | $215K | $215K | $334K | -48.6% |
| Total assets | $3.3M | $3.3M | $5.1M | $5.1M | $5.8M | +74.1% |
| Total liabilities | $193K | $225K | $1.5M | $1.5M | $1.8M | +855.4% |
| Net assets | $3.1M | $3.1M | $3.6M | $3.6M | $4.0M | +26.0% |
Officer & staff compensation
FY22 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
NATHAN BIGGS General Manager· 40h/wk | $106,564 | $9,214 |
+ 9 unpaid officers/directors as reported (BARRY ALDRIDGE, BENTON MONTGOMERY, BEVERLY CARLTON, +6 more)
Top contractors
FY22 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY22 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBER DUES/ASSESSMENT | $1,937,449 |
| GREEN/CART/TRAIL FEES | $234,984 |
| MISCELLANEOUS | $213,138 |
| LOCKER RENTAL | $810 |
| CLUB STORAGE | $420 |
Balance sheet & capital
FY22 · IRS Form 990, Part X
Mortgages & notes payable
$1.8M
▲ $418K new borrowing
Net land, buildings & equipment
$4.4M
book value, net of depreciation
Facility age
54%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY22 · Form 990, Part IX
| Insurance | $64,701 |
| Occupancy | $141,535 |
| Depreciation & depletion | $331,899 |
| Information technology | $18,289 |
| Advertising & promotion | $20,055 |
| Office expenses | $11,050 |
| Legal fees | $16,882 |
| Accounting fees | $13,200 |
HFounded in 1996, High Meadows Golf & Country Club Inc reported $2.25M of revenue for FY22, at an operating margin of 14.8%. Revenue moved up 11.1% 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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