ATHE501(c)(7) · MEDIUMNAICS 713910EIN 58-0547720
Athens Country Club Inc
Athens, GA · founded 1977
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$9.26M
▲ 4.2% YoY
FY23 Total Expenses
$10.97M
▲ 6.4% YoY
Operating Margin
-18.5%
revenue minus expenses ÷ revenue
Employees
359
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$9.3M
▲ 10.2% / 5y
Expenses
$11.0M
▲ 35.3% / 5y
Total Assets
$25.0M
▲ 102.6% / 5y
Total Liabilities
$11.5M
▲ 137.9% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $8.4M | $8.1M | $8.1M | $8.9M | $9.3M | +10.2% |
| Expenses | $8.1M | $9.6M | $9.6M | $10.3M | $11.0M | +35.3% |
| Net surplus | $300K | -$1.5M | -$1.5M | -$1.4M | -$1.7M | -670.0% |
| Total assets | $12.3M | $21.8M | $21.8M | $23.4M | $25.0M | +102.6% |
| Total liabilities | $4.8M | $12.0M | $12.0M | $12.2M | $11.5M | +137.9% |
| Net assets | $7.5M | $9.8M | $9.8M | $11.2M | $13.5M | +79.9% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
ERIC RHODES General Manager· 60h/wk | $296,571 | $29,036 |
JOSEPH DEVANEY Director of Golf· 50h/wk | $212,264 | $36,882 |
JAMES DRINKARD Golf Course Superintendent· 50h/wk | $135,007 | $24,990 |
CHRISTOPHER MCCOOK Executive Chef· 50h/wk | $132,628 | $25,592 |
JOSEPH A MILLER Director of Racquets· 50h/wk | $131,417 | $24,504 |
JAN BEGGERLY Controller· 45h/wk | $119,644 | $8,752 |
+ 12 unpaid officers/directors as reported (CRAIG MEEKS, DAVID YOUNGERMAN, JEFFREY TRAPNELL, +9 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 |
|---|---|
| MEMBERSHIP DUES | $5,378,182 |
| GOLF OPERATIONS | $1,159,409 |
| LOCKER & FITNESS | $179,040 |
| TENNIS | $59,468 |
| POOL | $12,268 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$9.3M
▼ $450K paid down
Net land, buildings & equipment
$14.5M
book value, net of depreciation
Facility age
56%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $185,608 |
| Depreciation & depletion | $1,356,874 |
Retirement & benefit plans
DOL Form 5500 · plan sponsors
ATHENS COUNTRY CLUB 401(K) PENSION PLAN
pension · 75 participants · $4.7M assets · FY2024
AFounded in 1977, Athens Country Club Inc reported $9.26M of revenue for FY23, at an operating margin of -18.5%. Revenue moved up 4.2% 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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