CAROLINA COUNTRY CLUB COMPANY (EIN 560163800) - 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

1918

Legal Domicile

Principal Officer

JACK S SLAUGHTER

Phone

9197873621

Tax Period

2023-09-01 to 2024-08-31

CAROLINA COUNTRY CLUB COMPANY, founded in 1918, is a mid-sized nonprofit that reported $19.5M in total revenue in fiscal year 2023.

Mission

THE CLUB IS A PRIVATE SOCIAL CLUB.

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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 $14,638,211

Investment Income $4,025

Other Revenue $4,819,560

TOTAL REVENUE $19,461,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,119,438

Fundraising Expenses $0

Other Expenses $8,123,001

TOTAL EXPENSES $21,242,439

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,461,796	$18,276,658	+0.1%
Expenses	$21,242,439	$18,959,844	+0.1%
Net Income	$-1,780,643	$-683,186	+1.6%

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

435

Volunteers

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

$802,973

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNINGS GLENN	PRESIDENT	1.00	Officer Director	$0	$0	$0
RONNIE BATCHELOR	EX-OFFICIO	1.00	Officer Director	$0	$0	$0
DOROTHEA BITLER	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN CHURCH	TREASURER	1.00	Officer Director	$0	$0	$0
OWEN WILLIAMS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LIZ SANCHEZ	DIRECTOR	1.00	Director	$0	$0	$0
TERRY MIKELS	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK PARKER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM PLYLER	DIRECTOR	1.00	Director	$0	$0	$0
JACK S SLAUGHTER	GENERAL MANAGER / COO	45.00	Officer	$486,472	$56,710	$543,182
J MATTHEW CAPASSO	CHIEF FINANCIAL OFFICER	45.00	Officer	$219,583	$40,208	$259,791
DAMON GORE	WELLNESS DIRECTOR	45.00	Highest	$167,240	$37,060	$204,300
KYLE A JOHNSON	GOLF COURSE SUPT.	45.00	Highest	$289,527	$56,207	$345,734
THEORDORE C KIEGIEL	GOLF PROFESSIONAL	45.00	Highest	$331,784	$42,552	$374,336
WILLIAMS S CANNON	TENNIS DIRECTOR	45.00	Highest	$319,862	$40,289	$360,151
GUSTAVO C MUZZOLON	ASST. GENERAL MGR.	45.00	Highest	$200,741	$30,218	$230,959
PATRICK COLLEY	EXECUTIVE CHEF	45.00	Highest	$208,923	$40,035	$248,958
EVE SPRING	HR DIRECTOR	45.00	Highest	$151,042	$19,771	$170,813

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
2024	$19,461,796	$21,242,439	$30,605,687	$-1,780,643
2023	$18,276,658	$18,959,844	$30,045,447	$-683,186
2022	$16,648,540	$18,112,222	$24,863,751	$-1,463,682
2021	$14,725,345	$16,710,973	$25,311,282	$-1,985,628
2020	$16,343,980	$15,083,741	$30,501,465	$1,260,239
2019	$16,418,043	$15,690,272	$24,929,677	$727,771
2018	$15,759,305	$14,968,868	$24,982,693	$790,437

CAROLINA COUNTRY CLUB COMPANY