| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $8.9M | $9.3M | $9.3M | $10.3M | $11.0M | +24.7% |
| Expenses | $7.9M | $8.1M | $8.1M | $9.4M | $10.0M | +27.1% |
| Net surplus | $955K | $1.2M | $1.2M | $918K | $1.0M | +5.5% |
| Total assets | $29.9M | $31.2M | $31.2M | $33.1M | $34.8M | +16.3% |
| Total liabilities | $19.0M | $18.6M | $18.6M | $19.7M | $20.5M | +8.1% |
| Net assets | $10.9M | $12.6M | $12.6M | $13.4M | $14.2M | +30.5% |
| Officer · Employee | Reportable | Other |
|---|---|---|
General Manager· 40h/wk | $364,094 | $99,382 |
Golf Course Superint.· 40h/wk | $257,007 | $22,942 |
Head Golf Professional· 40h/wk | $177,433 | $16,824 |
Executive Chef· 40h/wk | $123,729 | $10,907 |
Chief Financial Officer· 40h/wk | $120,135 | $11,842 |
Clubhouse Manager· 40h/wk | $112,795 | $10,227 |
Director of Member Enhancement· 40h/wk | $98,741 | $8,965 |
+ 10 unpaid officers/directors as reported (, , , +7 more)
| Vendor | Service | Paid |
|---|---|---|
Green Tee Golf Inc Augusta, GA | Golf Course Improvements | $1,063,104 |
Superior Golf Maintenance LLC Elk Park, NC | Employee Leasing | $210,927 |
Highlands Country Club Community Association Highlands, NC | Security Services | $162,613 |
| Line item | Amount |
|---|---|
| Membership Dues | $8,837,372 |
| Golf Cart Rent & Storage | $304,108 |
| Golf Guest Fees | $300,231 |
| Golf Related Activities | $220,893 |
| Life Enhancement | $205,150 |
HFounded in 1985, Highlands Country Club Inc reported $11.05M of revenue for FY23, at an operating margin of 9.1%. Revenue moved up 7.5% 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.