CTHE501(c)(7) · MEDIUMNAICS 713910EIN 58-0659988
Cherokee Town & Country Club Inc
Atlanta, GA · founded 1957
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$50.44M
▲ 15.4% YoY
FY23 Total Expenses
$44.87M
▲ 10.1% YoY
Operating Margin
11.1%
revenue minus expenses ÷ revenue
Employees
873
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$50.4M
▲ 32.5% / 5y
Expenses
$44.9M
▲ 28.4% / 5y
Total Assets
$75.2M
▲ 13.8% / 5y
Total Liabilities
$12.2M
▲ 15.4% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $38.1M | $38.1M | $36.4M | $43.7M | $50.4M | +32.5% |
| Expenses | $34.9M | $36.8M | $34.7M | $40.8M | $44.9M | +28.4% |
| Net surplus | $3.1M | $1.3M | $1.8M | $3.0M | $5.6M | +78.2% |
| Total assets | $66.1M | $67.2M | $72.3M | $70.4M | $75.2M | +13.8% |
| Total liabilities | $10.6M | $14.5M | $17.8M | $13.0M | $12.2M | +15.4% |
| Net assets | $55.5M | $52.6M | $54.4M | $57.4M | $62.9M | +13.5% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|---|---|
MICHAEL S WHEELER CHIEF OPERATING OFFICER· 60h/wk | $573,190 | $94,101 |
MARK A MONGELL Director of Golf· 60h/wk | $335,456 | $26,649 |
TODD KELLY DIRECTOR OF CULINARY, FOOD· 60h/wk | $313,171 | $35,702 |
KEN B LEE DIRECTOR OF GOLF COURSE MA· 60h/wk | $308,911 | $28,650 |
KRAIG GADSBY Chief Financial Officer· 60h/wk | $285,394 | $16,161 |
ROLAND R TEKENBROEK Head Tennis Professional· 60h/wk | $200,824 | $28,718 |
JOSHUA L AARONSON DIRECTOR OF TOWN CLUB OPER· 60h/wk | $196,826 | $15,490 |
PETER S JONES Head Golf Professional· 60h/wk | $156,716 | $9,743 |
REGIE G PACOL MASSAGE THERAPIST· 60h/wk | $156,261 | $25,539 |
ANTHONY J CORDES Head Golf Professional· 60h/wk | $151,414 | $22,402 |
RACHEL M BELL FORMER DIRECTOR OF STRATEGIC COMMUNICATIONS· 60h/wk | $151,051 | $4,904 |
JEWELL N DUNCAN Head Golf Professional· 60h/wk | $150,705 | $11,209 |
ALFONSO D CERQUEDA FORMER EXECUTIVE CHEF· 60h/wk | $146,852 | $8,995 |
MILOS VASOVIC Director of Racquets· 60h/wk | $143,419 | $6,911 |
BENJAMIN J DASHIELL Head Tennis Professional· 60h/wk | $140,234 | $13,030 |
JENELL L WILLIAMS Controller· 60h/wk | $137,982 | $13,465 |
+ 13 unpaid officers/directors as reported (ANDY BERG, BILL TUCKER, BOB BUCK, +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 item | Amount |
|---|---|
| MEMBERSHIP FEES | $18,293,045 |
| GOLF REVENUE | $6,499,270 |
| TENNIS REVENUE | $1,328,587 |
| FITNESS REVENUE | $1,033,609 |
| LOCKER ROOM REVENUE | $593,867 |
CFounded in 1957, Cherokee Town & Country Club Inc reported $50.44M of revenue for FY23, at an operating margin of 11.1%. Revenue moved up 15.4% 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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