HFIG501(c)(7) · CONFIRMEDNAICS 713910EIN 56-1184946

Highlands Falls Country Club Inc

Highlands, NC · founded 2008
13 filings on recordFY 20112023high confidence
FY23 Total Revenue
$8.22M
▲ 10.0% YoY
FY23 Total Expenses
$7.08M
▲ 7.8% YoY
Operating Margin
13.8%
revenue minus expenses ÷ revenue
Employees
82
headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed
Revenue
$8.2M
▲ 53.1% / 5y
5.45.75.77.58.2
Expenses
$7.1M
▲ 52.2% / 5y
4.75.55.56.67.1
Total Assets
$22.2M
▲ 102.7% / 5y
11.017.617.619.722.2
Total Liabilities
$12.5M
▲ 522.3% / 5y
2.09.99.911.112.5

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ total
Revenue$5.4M$5.7M$5.7M$7.5M$8.2M+53.1%
Expenses$4.7M$5.5M$5.5M$6.6M$7.1M+52.2%
Net surplus$712K$266K$266K$897K$1.1M+59.7%
Total assets$11.0M$17.6M$17.6M$19.7M$22.2M+102.7%
Total liabilities$2.0M$9.9M$9.9M$11.1M$12.5M+522.3%
Net assets$9.0M$7.7M$7.7M$8.6M$9.7M+8.5%

Officer & staff compensation

FY23 · from IRS Form 990
Officer · EmployeeReportableOther
JASON MACAULAY
GENERAL MANAGER (END 04/24)· 50h/wk
$240,096$23,663
FRED GEHRISCH
GENERAL MANAGER (START 01/24)· 50h/wk
$165,412$10,241
SHAWN OLAH
Executive Chef· 50h/wk
$138,443$9,249
GEORGE THOMPSON
Membership Director· 40h/wk
$113,385$7,063
ALLEN CHANDLER
Head Golf Professional· 50h/wk
$112,006$8,379
JUDY GREGORY
Controller· 40h/wk
$100,224$8,412

+ 11 unpaid officers/directors as reported (BOB FISHER, CHUCK CARVER, CRAIG FRAVERT, +8 more)

Top contractors

FY23 · vendors paid $100k+ as reported

No contractors reported.

Revenue by activity

FY23 · dues, greens fees, dining, and other sources
Line itemAmount
MBRSHP DUES & ASSESSMENTS$6,399,075
GOLF & PRO SHOP$482,902
FITNESS CENTER$96,222
CROQUET$12,981
TENNIS$2,430

HFounded in 2008, Highlands Falls Country Club Inc reported $8.22M of revenue for FY23, at an operating margin of 13.8%. Revenue moved up 10.0% 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 Tue Oct 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Mon Oct 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Sun Oct 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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