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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

RHIV501(c)(7) · MEDIUMNAICS 713910EIN 57-0645624

River Hills Country Club Inc

Clover, SC · founded 1978

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$6.28M

▲ 22.0% YoY

FY23 Total Expenses

$5.85M

▲ 13.9% YoY

Operating Margin

6.9%

revenue minus expenses ÷ revenue

Employees

194

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$6.3M

▲ 77.3% / 5y

Expenses

$5.8M

▲ 61.5% / 5y

Total Assets

$6.9M

▲ 56.0% / 5y

Total Liabilities

$5.2M

▲ 28.4% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$3.5M	$5.3M	$5.3M	$5.2M	$6.3M	+77.3%
Expenses	$3.6M	$4.7M	$4.7M	$5.1M	$5.8M	+61.5%
Net surplus	-$76K	$638K	$638K	$15K	$434K	-667.9%
Total assets	$4.4M	$5.0M	$5.0M	$5.4M	$6.9M	+56.0%
Total liabilities	$4.1M	$3.7M	$3.7M	$4.2M	$5.2M	+28.4%
Net assets	$376K	$1.3M	$1.3M	$1.3M	$1.7M	+354.0%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
John Sheedy General Manager· 50h/wk	$158,980	$6,500
Gary Troyan Head Golf Professional· 50h/wk	$83,068	$243,187

+ 10 unpaid officers/directors as reported (Craig Miller, Dan Carretta, Gerard Taylor, +7 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
Member dues and initiation fees	$3,503,888
Food & beverage operation	$2,055,663
Golf operation	$698,006
Pool/fitness/tennis	$24,288

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$2.2M

▲ $154K new borrowing

Net land, buildings & equipment

$5.4M

book value, net of depreciation

Facility age

57%

accumulated depreciation ÷ cost — higher = older plant

Debt over time

Mortgages & notes payable is the club’s reported long-term debt. A year-over-year rise typically signals a capital project being financed; a fall signals deleveraging. A dash marks a line the filing did not report — not a zero.

Operating expenses

FY23 · Form 990, Part IX

Insurance	$116,987
Occupancy	$359,690
Depreciation & depletion	$286,770
Information technology	$65,964
Advertising & promotion	$17,959
Office expenses	$16,291
Legal fees	$11,587
Accounting fees	$16,957
Other professional fees	$76,026

Selected functional-expense lines as itemized on Form 990, Part IX. A reported management-fee line indicates the club pays an outside management company. Lines the filing left blank are omitted.

Retirement & benefit plans

DOL Form 5500 · plan sponsors

RIVER HILLS COUNTRY CLUB, INC. 401(K) PLAN

pension · 31 participants · $1.6M assets · FY2024

Retirement and welfare plans the club sponsors, from its DOL Form 5500 filing. Listed providers are the recordkeepers, insurers, and advisors paid $5,000 or more (Schedule C) — the incumbent benefits vendors.

RFounded in 1978, River Hills Country Club Inc reported $6.28M of revenue for FY23, at an operating margin of 6.9%. Revenue moved up 22.0% 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)

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