WILLOW OAKS COUNTRY CLUB INC

EIN: 540628761

RICHMOND, VA

Total Revenue
$14,659,510
Total Expenses
$11,885,966
Total Assets
$19,879,219
Net Assets
$10,327,941
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
VA
Principal Officer
CHRISTOPHER WELLES
Phone
8042721451
Tax Period
2024-10-01 to 2025-09-30

WILLOW OAKS COUNTRY CLUB INC, founded in 1957, is a mid-sized nonprofit that reported $14.7M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 19% operating margin.

Mission

TO PROMOTE SOCIAL INTERACTION AND RECREATION FOR THE BENEFIT OF ITS MEMBERS.

Program Service Accomplishments

Program 1

THE CLUB PROVIDES FACILITIES SUCH AS TENNIS COURTS, GOLF COURSES, SWIMMING POOLS AND DINING ROOMS TO ITS MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $13,300,940
Investment Income $127,254
Other Revenue $1,231,316
TOTAL REVENUE $14,659,510

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,731,455
Fundraising Expenses $0
Other Expenses $5,154,511
TOTAL EXPENSES $11,885,966

Year-over-Year Comparison

2024 2023 Change
Revenue $14,659,510 $11,526,083 +0.3%
Expenses $11,885,966 $11,228,448 +0.1%
Net Income $2,773,544 $297,635 +8.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
280
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$303,650
Total Directors
16
$303,650
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY BARBOUR DIRECTOR 1.00
Director
$0 $0 $0
CHRIS CORRADA DIRECTOR 1.00
Director
$0 $0 $0
EDDIE EDDINS DIRECTOR 1.00
Director
$0 $0 $0
ANNE MARIE ELLES DIRECTOR 1.00
Director
$0 $0 $0
GEORGE FORSYTHE DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY GALLIENNE DIRECTOR 1.00
Director
$0 $0 $0
HELEN KONRAD DIRECTOR 1.00
Director
$0 $0 $0
GREG MATHE DIRECTOR 1.00
Director
$0 $0 $0
TIM SAUVIGNE DIRECTOR 1.00
Director
$0 $0 $0
AMBER HILL DIRECTOR 1.00
Director
$0 $0 $0
TRAY ADAMS PRESIDENT 1.00
Officer Director
$0 $0 $0
MEREDITH MILES 1ST VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KATIE HOAK 2ND VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MARY LANGER SECRETARY 1.00
Officer Director
$0 $0 $0
ASHLEIGH MCDERMOTT TREASURER 1.00
Officer Director
$0 $0 $0
CHRISTOPHER WELLES GENERAL MANAGER 40.00
Officer Director
$286,350 $17,300 $303,650
STAVROS MICHALOPOULOS DIRECTOR OF RACKETS 40.00
Highest
$233,706 $8,137 $241,843
SEAN M PATTERSON DIRECTOR OF GOLF 40.00
Highest
$154,465 $1,218 $155,683
ERIC H FRAZIER DIRECTOR OF AGRONOMY 40.00
Highest
$138,530 $9,225 $147,755
MARK E CONNELLY CONTROLLER 40.00
Highest
$134,891 $9,462 $144,353
WILLIAM HICKS EXECUTIVE CHEF 40.00
Highest
$121,706 $8,137 $129,843
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $14,659,510 $11,885,966 $19,879,219 $2,773,544
2024 $11,526,083 $11,228,448 $16,778,853 $297,635
2023 $11,058,455 $10,398,945 $16,337,745 $659,510
2022 $10,037,529 $9,751,839 $15,889,652 $285,690
2021 $9,874,864 $8,575,456 $14,784,814 $1,299,408
2020 $8,164,871 $7,796,806 $15,006,492 $368,065
2019 $8,460,600 $8,343,697 $13,895,043 $116,903
2018 $8,283,542 $7,823,522 $14,424,256 $460,020
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