SFTA501(c)(7) · MEDIUMNAICS 713910EIN 56-1636258
Starmount Forest Country Club Inc
Greensboro, NC · founded 1989
14 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$8.27M
▲ 7.8% YoY
FY23 Total Expenses
$6.69M
▲ 1.9% YoY
Operating Margin
19.1%
revenue minus expenses ÷ revenue
Employees
336
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$8.3M
▲ 139.7% / 5y
Expenses
$6.7M
▲ 177.7% / 5y
Total Assets
$7.7M
▲ 216.5% / 5y
Total Liabilities
$983K
▲ 31.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $3.4M | $6.6M | $6.6M | $7.7M | $8.3M | +139.7% |
| Expenses | $2.4M | $5.7M | $5.7M | $6.6M | $6.7M | +177.7% |
| Net surplus | $1.0M | $907K | $907K | $1.1M | $1.6M | +51.9% |
| Total assets | $2.4M | $5.1M | $5.1M | $6.2M | $7.7M | +216.5% |
| Total liabilities | $749K | $1.0M | $1.0M | $1.0M | $983K | +31.4% |
| Net assets | $1.7M | $4.1M | $4.1M | $5.2M | $6.8M | +298.2% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
RAY ARMINI General Manager· 50h/wk | $193,355 | $4,196 |
TONIA L VAUGHN Chief Financial Officer· 45h/wk | $118,205 | $16,789 |
RICHARD BROOKS GREENS SUPERIINTEDENT· 50h/wk | $108,984 | $6,525 |
+ 13 unpaid officers/directors as reported (APRILLE BLACK, ASHLEY FUQUAY, BRAD PENN, +10 more)
Top contractors
FY23 · vendors paid $100k+ as reported
No contractors reported.
Revenue by activity
FY23 · dues, greens fees, dining, and other sources
| Line item | Amount |
|---|---|
| MEMBERS' DUES | $5,641,852 |
| GOLF CART FEES | $283,120 |
| TOURNAMENT REVENUE | $184,005 |
| SERVICE CHARGE | $170,775 |
| GREENS FEES | $125,984 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$76K
▼ $6K paid down
Net land, buildings & equipment
$4.0M
book value, net of depreciation
Facility age
44%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Occupancy | $680,877 |
| Depreciation & depletion | $547,696 |
| Advertising & promotion | $712 |
| Office expenses | $38,608 |
| Legal fees | $4,553 |
| Accounting fees | $17,500 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
STARMOUNT FOREST COUNTRY CLUB EMPLOYEES' SAVINGS PLAN
pension · 0 participants · $0 assets · FY2024
SFounded in 1989, Starmount Forest Country Club Inc reported $8.27M of revenue for FY23, at an operating margin of 19.1%. Revenue moved up 7.8% 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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