WCAL501(c)(7) · MEDIUMNAICS 713910EIN 56-6085205
Walnut Creek Country Club Inc
Goldsboro, NC · founded 1967
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$2.65M
▲ 12.9% YoY
FY23 Total Expenses
$2.51M
▲ 11.7% YoY
Operating Margin
5.0%
revenue minus expenses ÷ revenue
Employees
80
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$2.6M
▲ 26.0% / 5y
Expenses
$2.5M
▲ 16.7% / 5y
Total Assets
$3.8M
▲ 78.0% / 5y
Total Liabilities
$4.2M
▲ 31.3% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $2.1M | $2.1M | $2.1M | $2.3M | $2.6M | +26.0% |
| Expenses | $2.2M | $1.8M | $1.8M | $2.2M | $2.5M | +16.7% |
| Net surplus | -$53K | $305K | $305K | $94K | $133K | -349.7% |
| Total assets | $2.1M | $2.9M | $2.9M | $3.7M | $3.8M | +78.0% |
| Total liabilities | $3.2M | $3.7M | $3.7M | $4.3M | $4.2M | +31.3% |
| Net assets | -$1.1M | -$797K | -$797K | -$595K | -$461K | -58.4% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 11 unpaid officers/directors as reported (BILL WARREN, DAVE COLBURN, DIANNE UZZELL, +8 more)
All 11 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 | $1,396,072 |
| GOLF | $298,285 |
| GOLF NON-MEMBER | $58,799 |
| TENNIS | $12,119 |
| POOL | $350 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$4.0M
▼ $68K paid down
Net land, buildings & equipment
$2.8M
book value, net of depreciation
Facility age
65%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $50,601 |
| Occupancy | $675,162 |
| Depreciation & depletion | $214,223 |
| Advertising & promotion | $34,144 |
| Office expenses | $69,883 |
WFounded in 1967, Walnut Creek Country Club Inc reported $2.65M of revenue for FY23, at an operating margin of 5.0%. Revenue moved up 12.9% 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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