CEDA501(c)(7) · MEDIUMNAICS 713910EIN 56-1383975
Cedarwood Country Club Inc
Charlotte, NC · founded 1989
12 filings on recordFY 2011–2022medium confidence
Compare to peers →FY22 Total Revenue
$6.80M
▲ 10.5% YoY
FY22 Total Expenses
$6.55M
▲ 10.3% YoY
Operating Margin
3.7%
revenue minus expenses ÷ revenue
Employees
144
headcount as reported on filing
The Five-Year Picture
FY2018 — FY2022 · as filed
Revenue
$6.8M
▲ 45.1% / 5y
Expenses
$6.6M
▲ 31.4% / 5y
Total Assets
$6.2M
▲ 20.2% / 5y
Total Liabilities
$2.6M
▲ 20.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY18 | FY19 | FY20 | FY21 | FY22 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $4.7M | $6.0M | $6.2M | $6.2M | $6.8M | +45.1% |
| Expenses | $5.0M | $5.2M | $5.9M | $5.9M | $6.6M | +31.4% |
| Net surplus | -$294K | $804K | $217K | $217K | $254K | -186.5% |
| Total assets | $5.1M | $5.2M | $5.5M | $5.5M | $6.2M | +20.2% |
| Total liabilities | $2.2M | $2.2M | $2.2M | $2.2M | $2.6M | +20.5% |
| Net assets | $3.0M | $3.0M | $3.3M | $3.3M | $3.6M | +20.0% |
Officer & staff compensation
FY22 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 11 unpaid officers/directors as reported (BIL WYLIE JR, BOB CAVALLINE, CHARLIE WALLACE, +8 more)
All 11 listed officers reported $0 compensation — volunteer board.
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 |
|---|---|
| DUES INCOME | $3,272,771 |
| FOOD BEVERAGE SALES | $1,443,652 |
| PRO SHOP MERCHANDISE | $538,779 |
| CART RENTALS | $351,584 |
| INITIATION FEES | $274,300 |
Balance sheet & capital
FY22 · IRS Form 990, Part X
Mortgages & notes payable
$1.3M
▼ $165K paid down
Net land, buildings & equipment
$3.5M
book value, net of depreciation
Facility age
66%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY22 · Form 990, Part IX
| Management fees | $0 |
| Insurance | $266,858 |
| Occupancy | $511,619 |
| Depreciation & depletion | $406,568 |
| Information technology | $0 |
| Advertising & promotion | $11,349 |
| Office expenses | $0 |
| Legal fees | $0 |
| Accounting fees | $12,500 |
| Other professional fees | $0 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
CEDARWOOD 401(K) PLAN
pension · 54 participants · $352K assets · FY2024
CFounded in 1989, Cedarwood Country Club Inc reported $6.80M of revenue for FY22, at an operating margin of 3.7%. Revenue moved up 10.5% 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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