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Data from public IRS Form 990 · ProPublica Nonprofit Explorer

CHIC501(c)(7) · MEDIUMNAICS 713910EIN 62-0157840

Chickasaw Country Club

Memphis, TN · founded 1945

13 filings on recordFY 2011–2023medium confidence

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FY23 Total Revenue

$8.48M

▲ 6.6% YoY

FY23 Total Expenses

$8.13M

▲ 6.1% YoY

Operating Margin

4.1%

revenue minus expenses ÷ revenue

Employees

248

headcount as reported on filing

The Five-Year Picture

FY2019 — FY2023 · as filed

Revenue

$8.5M

▲ 30.4% / 5y

Expenses

$8.1M

▲ 26.0% / 5y

Total Assets

$13.7M

▲ 63.8% / 5y

Total Liabilities

$6.6M

▲ 30.5% / 5y

Year-on-year detail

from IRS Form 990

Line	FY19	FY20	FY21	FY22	FY23	Δ total
Revenue	$6.5M	$7.9M	$7.9M	$8.0M	$8.5M	+30.4%
Expenses	$6.5M	$6.9M	$6.9M	$7.7M	$8.1M	+26.0%
Net surplus	$52K	$1.0M	$1.0M	$289K	$350K	+575.0%
Total assets	$8.4M	$10.5M	$10.5M	$10.5M	$13.7M	+63.8%
Total liabilities	$5.1M	$4.9M	$4.9M	$4.2M	$6.6M	+30.5%
Net assets	$3.3M	$5.6M	$5.6M	$6.3M	$7.0M	+115.7%

Officer & staff compensation

FY23 · from IRS Form 990

Officer · Employee	Reportable	Other
JAMES NAPOLITANO General Manager· 40h/wk	$261,846	$21,333
DUNCAN HOWELL Director of Racquets· 40h/wk	$190,323	$23,289
JAMES K WILLIS JR DIRECTOR OF AGRONOMY· 40h/wk	$143,300	$14,864
DANIEL SHINEBARGER Head Golf Professional· 40h/wk	$108,680	$8,990
CHRISTOPHER S ELLIS II Executive Chef· 40h/wk	$102,766	$22,508
ZORANA GEORGE ASSISTANT TENNIS PROFESSIO· 40h/wk	$102,133	$4,580
DEBBIE C CHRISTOPHER ASST. SECTY/TREASURER· 40h/wk	$89,307	$8,924

+ 12 unpaid officers/directors as reported (CLAYTON C PURDOM, DOUGLAS M ALRUTZ, GEORGE G LEAVELL, +9 more)

Top contractors

FY23 · vendors paid $100k+ as reported

Vendor	Service	Paid
4fdesign MEMPHIS, TN	Course architecture	$169,789

Revenue by activity

FY23 · dues, greens fees, dining, and other sources

Line item	Amount
GOLF FEES	$701,155
TENNIS FEES	$568,230
HEALTH CLUB	$107,531
LOCKER RENTALS	$106,579
OTHER FEES	$103,093

Balance sheet & capital

FY23 · IRS Form 990, Part X

Mortgages & notes payable

$2.2M

▲ $2.0M new borrowing

Net land, buildings & equipment

$10.6M

book value, net of depreciation

Facility age

55%

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	$233,304
Depreciation & depletion	$1,044,041
Advertising & promotion	$81,196
Office expenses	$202,394
Legal fees	$5,060
Accounting fees	$16,730

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

CHICKASAW COUNTRY CLUB 401(K) PLAN

pension · 124 participants · $1.5M 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 1945, Chickasaw Country Club reported $8.48M of revenue for FY23, at an operating margin of 4.1%. Revenue moved up 6.6% 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 Thu Nov 30 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

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

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

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