SFTA501(c)(7) · MEDIUMNAICS 713910EIN 56-1636258

Starmount Forest Country Club Inc

Greensboro, NC · founded 1989
14 filings on recordFY 20112023medium confidence
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
3.46.66.67.78.3
Expenses
$6.7M
▲ 177.7% / 5y
2.45.75.76.66.7
Total Assets
$7.7M
▲ 216.5% / 5y
2.45.15.16.27.7
Total Liabilities
$983K
▲ 31.4% / 5y
7491.01.01.0983

Year-on-year detail

from IRS Form 990
LineFY19FY20FY21FY22FY23Δ 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 · EmployeeReportableOther
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 itemAmount
MEMBERS' DUES$5,641,852
GOLF CART FEES$283,120
TOURNAMENT REVENUE$184,005
SERVICE CHARGE$170,775
GREENS FEES$125,984

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
Form 990, FY2023 · period ending Sun Dec 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2022 · period ending Sat Dec 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)
Form 990, FY2021 · period ending Fri Dec 31 2021 00:00:00 GMT+0000 (Coordinated Universal Time)
+ 11 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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