COVI501(c)(7) · MEDIUMNAICS 713910EIN 62-6015943
Covington Country Club Inc
Covington, TN · founded 1998
13 filings on recordFY 2011–2023medium confidence
Compare to peers →FY23 Total Revenue
$1.83M
▲ 85.4% YoY
FY23 Total Expenses
$1.08M
▲ 13.8% YoY
Operating Margin
41.2%
revenue minus expenses ÷ revenue
Employees
56
headcount as reported on filing
The Five-Year Picture
FY2019 — FY2023 · as filed
Revenue
$1.8M
▲ 132.0% / 5y
Expenses
$1.1M
▲ 38.1% / 5y
Total Assets
$2.4M
▲ 58.6% / 5y
Total Liabilities
$69K
▲ 181.0% / 5y
Year-on-year detail
from IRS Form 990
| Line | FY19 | FY20 | FY21 | FY22 | FY23 | Δ total |
|---|---|---|---|---|---|---|
| Revenue | $790K | $811K | $811K | $989K | $1.8M | +132.0% |
| Expenses | $780K | $857K | $857K | $947K | $1.1M | +38.1% |
| Net surplus | $10K | -$45K | -$45K | $43K | $756K | +7334.2% |
| Total assets | $1.5M | $1.5M | $1.5M | $1.6M | $2.4M | +58.6% |
| Total liabilities | $25K | $27K | $27K | $30K | $69K | +181.0% |
| Net assets | $1.5M | $1.5M | $1.5M | $1.6M | $2.3M | +56.6% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 7 unpaid officers/directors as reported (DAVID SAGE, ERNIE BENNETT, JANE VAUGHAN, +4 more)
All 7 listed officers reported $0 compensation — volunteer board.
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 |
|---|---|
| DUES & ASSESSMENTS | $763,793 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
$40K
▲ $40K new borrowing
Net land, buildings & equipment
$1.9M
book value, net of depreciation
Facility age
25%
accumulated depreciation ÷ cost — higher = older plant
Debt over time
Operating expenses
FY23 · Form 990, Part IX
| Insurance | $25,817 |
| Depreciation & depletion | $172,315 |
| Office expenses | $12,190 |
CFounded in 1998, Covington Country Club Inc reported $1.83M of revenue for FY23, at an operating margin of 41.2%. Revenue moved up 85.4% 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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