Biltmore Forest Country Club Inc (EIN 560141970) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1922

Legal Domicile

Phone

8282741261

Tax Period

2023-01-01 to 2023-12-31

Biltmore Forest Country Club Inc, founded in 1922, is a mid-sized nonprofit that reported $10.4M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $12.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

Biltmore Forest Country Club is a private country club which provides programs and facilities to serve the golf, tennis, athletic, social, and other lifestyle desires of its member families. The well-maintained facilities are an inviting setting for the recreational activities and social interaction of 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,392,281

Investment Income $120,680

Other Revenue $1,878,718

TOTAL REVENUE $10,391,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,840,029

Fundraising Expenses $0

Program Expenses $0

Other Expenses $5,212,285

TOTAL EXPENSES $12,052,314

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,391,679	$8,984,422	+0.2%
Expenses	$12,052,314	$9,658,595	+0.2%
Net Income	$-1,660,635	$-674,173	+1.5%

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

220

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

$460,960

Total Directors

Key Employees

$267,769

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Vice President	1.0	Officer Director	$0	$0	$0
N/A	Secretary	1.0	Officer Director	$0	$0	$0
N/A	President	1.0	Officer Director	$0	$0	$0
N/A	Secretary (Jan-Feb)	1.0	Officer Director	$0	$0	$0
N/A	President (Jan-Feb)	1.0	Officer Director	$0	$0	$0
N/A	Treasurer	1.0	Officer Director	$0	$0	$0
N/A	Governor	1.0	Director	$0	$0	$0
N/A	Governor	1.0	Director	$0	$0	$0
N/A	Governor	1.0	Director	$0	$0	$0
N/A	Governor	1.0	Director	$0	$0	$0
N/A	Governor (Jan-Feb)	1.0	Director	$0	$0	$0
N/A	Governor	1.0	Director	$0	$0	$0
N/A	Governor	1.0	Director	$0	$0	$0
N/A	Governor	1.0	Director	$0	$0	$0
N/A	Governor	1.0	Director	$0	$0	$0
N/A	Chief Financial Officer	40.0	Officer	$155,483	$7,773	$163,256
N/A	COO/Assistance Secretary	40.0	Officer	$289,202	$8,502	$297,704
N/A	Golf Course Superintendent	40.0	Key Emp	$259,167	$8,602	$267,769
N/A	Head Golf Professional	40.0	Highest	$127,061	$8,267	$135,328
N/A	Head Tennis Professional	40.0	Highest	$116,691	$5,435	$122,126

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$10,391,679	$12,052,314	$38,518,926	$-1,660,635
2022	$8,984,422	$9,658,595	$32,057,783	$-674,173
2021	$8,724,256	$8,913,843	$27,543,871	$-189,587
2020	$7,036,766	$7,900,760	$23,456,950	$-863,994
2019	$7,425,088	$8,153,795	$22,978,560	$-728,707

Biltmore Forest Country Club Inc