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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

CHAT501(c)(7) · MEDIUMNAICS 713910EIN 62-0156100

Chattanooga Golf And Country Club

Chattanooga, TN · founded 1935

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$12.87M

▼ 15.4% YoY

FY23 Total Expenses

$9.34M

▲ 4.6% YoY

Operating Margin

27.4%

revenue minus expenses ÷ revenue

Employees

239

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$12.9M

▲ 46.4% / 5y

Expenses

$9.3M

▲ 11.1% / 5y

Total Assets

$27.6M

▲ 54.2% / 5y

Total Liabilities

$7.5M

▼ 25.6% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$8.8M	$10.0M	$10.0M	$15.2M	$12.9M	+46.4%
Expenses	$8.4M	$8.5M	$8.5M	$8.9M	$9.3M	+11.1%
Net surplus	$380K	$1.5M	$1.5M	$6.3M	$3.5M	+829.0%
Total assets	$17.9M	$18.5M	$18.5M	$23.8M	$27.6M	+54.2%
Total liabilities	$10.1M	$8.4M	$8.4M	$7.3M	$7.5M	-25.6%
Net assets	$7.8M	$10.1M	$10.1M	$16.5M	$20.1M	+157.8%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
MICHAEL MURRAY COO/GENERAL MANAGER· 40h/wk	$272,618	$11,731
BRUCE ETTER Director of Golf· 40h/wk	$255,682	$8,131
JEFFREY HOLLISTER DIRECTOR OF AGRONOMY· 40h/wk	$190,643	$6,842
TROY FAIRLEY Director of Finance· 40h/wk	$127,479	$5,619
BRAD TREWHITT Executive Chef· 40h/wk	$119,628	$5,845

+ 10 unpaid officers/directors as reported (ANDY MCDANIEL, CHRIS YOUNG, DEXTER WHITE, +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
SOCIAL CLUB MEMBERSHIP DUES	$6,931,785
SPECIAL ASSESSMENTS	$2,246,700
GOLF OPERATIONS INCOME	$649,354
TOURNAMENT/EVENT FEES	$325,068
SPECIAL EVENTS REVENUE	$130,016

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$5.2M

▼ $600K paid down

Net land, buildings & equipment

$13.2M

book value, net of depreciation

Facility age

53%

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

Professionally managedFY23 · Form 990, Part IX

Management fees	$30,688
Insurance	$173,514
Occupancy	$367,659
Depreciation & depletion	$1,259,834
Office expenses	$181,290
Legal fees	$2,620

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

CGCC 401(K) SAVINGS PLAN

pension · 69 participants · $4.4M 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.

CFounded in 1935, Chattanooga Golf And Country Club reported $12.87M of revenue for FY23, at an operating margin of 27.4%. Revenue moved down 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

▸ Form 990, FY2023 · period ending Sat Sep 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2022 · period ending Fri Sep 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

▸ Form 990, FY2021 · period ending Thu Sep 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

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