CHAPEL HILL COUNTRY CLUB INC (EIN 560172993) - 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

Principal Officer

REED LOUGHREY

Phone

9199322861

Tax Period

2023-01-01 to 2023-12-31

CHAPEL HILL COUNTRY CLUB INC, founded in 1922, is a mid-sized nonprofit in the Recreation & Sports sector that reported $10.9M in total revenue in fiscal year 2023. Expenses of $9.9M left a modest 9% surplus.

Mission

THE CLUB OFFERS ITS MEMBERS FULL COUNTRY CLUB SERVICES INCLUDING GOLF, TENNIS, SWIMMING, DINING FACILITIES, AND SOCIAL ACTIVITIES.

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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 $7,446,182

Investment Income $133,079

Other Revenue $3,347,086

TOTAL REVENUE $10,926,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,657,348

Fundraising Expenses $0

Other Expenses $4,282,820

TOTAL EXPENSES $9,940,168

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,926,347	$10,141,511	+0.1%
Expenses	$9,940,168	$9,203,677	+0.1%
Net Income	$986,179	$937,834	+0.1%

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

292

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

Total Directors

Key Employees

$554,780

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD WOODS	PRESIDENT	20.00	Officer Director	$0	$0	$0
DEREK WILDMAN	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
KATE UPTON	TREASURER	20.00	Officer Director	$0	$0	$0
BRIAN ARMSTRONG	ASSISTANT TREASURER	20.00	Officer Director	$0	$0	$0
JULIE STONE	SECRETARY	20.00	Officer Director	$0	$0	$0
LINDA GILCHRIST	ASSISTANT SECRETARY	20.00	Officer Director	$0	$0	$0
BRAD CLARK	DIRECTOR	20.00	Director	$0	$0	$0
BRANT MOREFIELD	DIRECTOR	20.00	Director	$0	$0	$0
CLINT GWALTNEY	DIRECTOR	20.00	Director	$0	$0	$0
DEON ROACH	DIRECTOR	20.00	Director	$0	$0	$0
KARRIE TILLEY	DIRECTOR	20.00	Director	$0	$0	$0
REED LOUGHREY	DIRECTOR	20.00	Director	$0	$0	$0
TODD GRANTHAM	DIRECTOR	20.00	Director	$0	$0	$0
MICHAEL BLAZER	GENERAL MANAGER	50.00	Key Emp	$310,087	$18,064	$328,151
SCOTT TOMECEK	DIRECTOR OF AGRONOMY	50.00	Key Emp	$201,531	$25,098	$226,629
BERNADETTE DEGNAN	CHIEF FINANCIAL OFFICER	50.00	Highest	$159,337	$12,864	$172,201
GREGORY JOHN	EXECUTIVE CHEF	50.00	Highest	$171,809	$24,771	$196,580
JOHN MORRISON	DIRECTOR OF GOLF	50.00	Highest	$176,303	$24,212	$200,515
MATTHEW WILHELM-HILKEY	DIRECTOR OF TENNIS	50.00	Highest	$196,404	$11,865	$208,269
PATTI GRITTON	MEMBERSHIP DIRECTOR	50.00	Highest	$125,757	$22,391	$148,148

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	No data	No data	No data	No data
2023	$10,926,347	$9,940,168	$16,608,127	$986,179
2022	$10,141,511	$9,203,677	$16,222,845	$937,834
2021	$9,647,234	$7,987,601	$14,564,200	$1,659,633
2020	$6,894,177	$6,537,949	$12,945,807	$356,228
2019	$7,111,574	$6,808,935	$12,694,930	$302,639
2018	$6,665,594	$6,685,130	$12,803,369	$-19,536

CHAPEL HILL COUNTRY CLUB INC