WLOL501(c)(7) · MEDIUMNAICS 713910EIN 56-2129516
Wolf Laurel Country Club Inc
Mars Hill, NC · founded 2000
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.90M
▲ 9.9% YoY
FY23 Total Expenses
$1.91M
▲ 5.9% YoY
Operating Margin
-0.7%
revenue minus expenses ÷ revenue
Employees
77
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.9M
▲ 32.3% / 5y
Expenses
$1.9M
▲ 26.4% / 5y
Total Assets
$4.4M
▲ 21.3% / 5y
Total Liabilities
$48K
▼ 83.6% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $1.4M | $1.6M | $1.6M | $1.7M | $1.9M | +32.3% |
| Expenses | $1.5M | $1.7M | $1.7M | $1.8M | $1.9M | +26.4% |
| Net surplus | -$77K | -$106K | -$106K | -$78K | -$13K | -82.4% |
| Total assets | $3.7M | $4.1M | $4.1M | $4.1M | $4.4M | +21.3% |
| Total liabilities | $293K | $121K | $121K | $13K | $48K | -83.6% |
| Net assets | $3.4M | $4.0M | $4.0M | $4.1M | $4.4M | +30.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 14 unpaid officers/directors as reported (BILL SCHROEDER, BOB BYRD, GUILLERMO A ROMERO, +11 more)
All 14 listed officers reported $0 compensation — volunteer board.
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 |
|---|---|
| DUES AND ASSESSMENTS | $732,173 |
| GOLF COURSE | $575,283 |
| RESTAURANT | $428,663 |
| GOLF COURSE | $62,714 |
| RESTAURANT | $59,822 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$3.7M
book value, net of depreciation
Facility age
27%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $22,717 |
| Occupancy | $100,403 |
| Depreciation & depletion | $93,231 |
| Information technology | $20,926 |
| Advertising & promotion | $3,281 |
| Office expenses | $50,291 |
| Legal fees | $2,373 |
WFounded in 2000, Wolf Laurel Country Club Inc reported $1.90M of revenue for FY23, at an operating margin of -0.7%. Revenue moved up 9.9% 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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