CROA501(c)(7) · MEDIUMNAICS 713910EIN 56-1388110
Croasdaile Country Club Inc
Durham, NC · founded 1995
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$6.21M
▲ 25.4% YoY
FY23 Total Expenses
$4.53M
▲ 14.4% YoY
Operating Margin
27.0%
revenue minus expenses ÷ revenue
Employees
117
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$6.2M
▲ 89.2% / 5y
Expenses
$4.5M
▲ 36.5% / 5y
Total Assets
$9.2M
▲ 56.4% / 5y
Total Liabilities
$3.6M
▼ 3.5% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.3M | $4.0M | $4.0M | $4.9M | $6.2M | +89.2% |
| Expenses | $3.3M | $3.5M | $3.5M | $4.0M | $4.5M | +36.5% |
| Net surplus | -$40K | $494K | $494K | $987K | $1.7M | -4299.9% |
| Total assets | $5.9M | $6.7M | $6.7M | $7.6M | $9.2M | +56.4% |
| Total liabilities | $3.7M | $3.7M | $3.7M | $3.6M | $3.6M | -3.5% |
| Net assets | $2.2M | $3.0M | $3.0M | $4.0M | $5.7M | +156.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
MARK JOHNSON General Manager· 40h/wk | $181,375 | — |
TIM LISTON Controller· 32h/wk | $95,399 | $6,900 |
MICHAEL HOURIGAN Board Vice President· 5h/wk | $6,600 | — |
+ 3 unpaid officers/directors as reported (EDDIE HULL, JEFF JOHNSTON, RICK STALLINGS)
Top contractors
FY23 · vendors paid $100k+ as reported
| Vendor | Service | Paid |
|---|---|---|
| Rebecca Laughton DURHAM, NC | Pool & racquet | $107,293 |
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| DUES, ASSESSMENTS AND CHARGES | $4,741,128 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$2.3M
▼ $97K paid down
Net land, buildings & equipment
$6.0M
book value, net of depreciation
Facility age
47%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $60,078 |
| Occupancy | $282,030 |
| Depreciation & depletion | $326,637 |
| Information technology | $8,610 |
| Advertising & promotion | $82,080 |
| Office expenses | $62,266 |
| Other professional fees | $106,012 |
CFounded in 1995, Croasdaile Country Club Inc reported $6.21M of revenue for FY23, at an operating margin of 27.0%. Revenue moved up 25.4% 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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