CMHE501(c)(7) · MEDIUMNAICS 713910EIN 88-2363462
Chestnut Mountain Golf Club
Mills River, NC · founded 2023
2 filings on recordFY 2022–2023medium confidence
Compare to peers →FY23 Total Revenue
$775k
▲ 50.9% YoY
FY23 Total Expenses
$729k
▲ 111.8% YoY
Operating Margin
5.8%
revenue minus expenses ÷ revenue
Employees
0
headcount as reported on filing
The Five-Year Picture
FY2022 — FY2023 · as filed
Revenue
$775K
▲ 50.9% / 2y
Expenses
$729K
▲ 111.8% / 2y
Total Assets
$348K
▼ 16.7% / 2y
Total Liabilities
$127K
▼ 48.8% / 2y
Year-on-year detail
from IRS Form 990
| Line | FY22 | FY23 | Δ total |
|---|---|---|---|
| Revenue | $513K | $775K | +50.9% |
| Expenses | $344K | $729K | +111.8% |
| Net surplus | $169K | $45K | -73.2% |
| Total assets | $418K | $348K | -16.7% |
| Total liabilities | $248K | $127K | -48.8% |
| Net assets | $169K | $221K | +30.5% |
Officer & staff compensation
FY23 · from IRS Form 990
| Officer · Employee | Reportable | Other |
|---|
+ 4 unpaid officers/directors as reported (Chris Jordan, James Tart, Paul Lynch, +1 more)
All 4 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 |
|---|---|
| Golf Income | $464,170 |
Balance sheet & capital
FY23 · IRS Form 990, Part X
Mortgages & notes payable
—
end of year
Net land, buildings & equipment
$276K
book value, net of depreciation
Facility age
30%
accumulated depreciation ÷ cost — higher = older plant
Operating expenses
Professionally managedFY23 · Form 990, Part IX
| Management fees | $23,086 |
| Insurance | $13,049 |
| Occupancy | $18,250 |
| Depreciation & depletion | $119,192 |
| Information technology | $0 |
| Advertising & promotion | $17,696 |
| Office expenses | $12,598 |
| Legal fees | $0 |
| Accounting fees | $300 |
| Other professional fees | $0 |
CFounded in 2023, Chestnut Mountain Golf Club reported $775k of revenue for FY23, at an operating margin of 5.8%. Revenue moved up 50.9% 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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