CHARLOTTE COUNTRY CLUB INC (EIN 560173700) - 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

1910

Legal Domicile

Principal Officer

PRISCILLA EICH

Phone

7043340836

Tax Period

2024-01-01 to 2024-12-31

CHARLOTTE COUNTRY CLUB INC, founded in 1910, is a mid-sized nonprofit that reported $28.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.4M, a strong 16% operating margin.

Mission

PRIVATE SOCIAL CLUB OPERATED FOR THE SOLE USE AND BENEFIT 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $27,991,023

Investment Income $3,378

Other Revenue $308,510

TOTAL REVENUE $28,302,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,460,299

Fundraising Expenses $0

Other Expenses $9,432,946

TOTAL EXPENSES $23,893,245

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,302,911	$24,591,847	+0.2%
Expenses	$23,893,245	$22,716,472	+0.1%
Net Income	$4,409,666	$1,875,375	+1.4%

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

426

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

$707,898

Total Directors

Key Employees

$1,969,475

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES THOMPSON JR	PRESIDENT	10.00	Officer Director	$0	$0	$0
VERNER STANLEY III	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
THOMAS L JAMES	TREASURER	5.00	Officer Director	$0	$0	$0
JONATHAN ISHEE	SECRETARY	5.00	Officer Director	$0	$0	$0
JERRY BARRON	GOVERNOR	2.00	Director	$0	$0	$0
BYRON BURNS III	GOVERNOR	2.00	Director	$0	$0	$0
DAVID CARROLL	GOVERNOR	2.00	Director	$0	$0	$0
ROGER COBB	GOVERNOR	2.00	Director	$0	$0	$0
ROBERT DOOLEY III	GOVERNOR	2.00	Director	$0	$0	$0
MALCOLM EVERETT	GOVERNOR	2.00	Director	$0	$0	$0
PATRICK KELLY	GOVERNOR	2.00	Director	$0	$0	$0
JAMES NEWMAN	GOVERNOR	2.00	Director	$0	$0	$0
PETER RICHARDSON	GOVERNOR	2.00	Director	$0	$0	$0
CHARLES THRIFT IV	GOVERNOR	2.00	Director	$0	$0	$0
ANDREW TUCKER	GOVERNOR	2.00	Director	$0	$0	$0
PRISCILLA EICH	GM/COO	60.00	Officer	$537,298	$31,530	$568,828
MARY ALICE BOYD	CFO (FROM JUNE 2024)	50.00	Officer	$135,167	$3,903	$139,070
JOHN SZKLINSKI	GOLF COURSE SUPERINTENDENT	80.00	Key Emp	$475,509	$45,948	$521,457
THOMAS WILLIAMSON	DIR. OF GOLF OPERATIONS	50.00	Key Emp	$472,080	$38,956	$511,036
LAURENT PILLARD	EXECUTIVE CHEF	60.00	Key Emp	$276,206	$28,615	$304,821
QUINN MOE	CLUBHOUSE MANAGER	60.00	Key Emp	$201,445	$21,943	$223,388
IRVING DRISCOLL	DIRECTOR OF TENNIS	50.00	Key Emp	$178,603	$32,707	$211,310
LOYD GOFF	FACILITIES MANAGER	50.00	Key Emp	$158,834	$38,629	$197,463
JOHN FIELDS	DIRECTOR OF INSTRUCTION	50.00	Highest	$273,515	$37,537	$311,052
GLENN SQUIRE	CONTROLLER	50.00	Highest	$157,286	$27,750	$185,036
JOHN RIVARD MEYER	HEAD TENNIS PRO	50.00	Highest	$138,081	$27,518	$165,599
TRACY RIVERS	DIRECTOR OF HR	50.00	Highest	$161,939	$650	$162,589
THOMAS REDDING	ASSISTANT TEACHING PROF.	50.00	Highest	$138,738	$13,824	$152,562

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	$28,302,911	$23,893,245	$68,310,606	$4,409,666
2023	$24,591,847	$22,716,472	$55,639,916	$1,875,375
2022	$23,106,294	$20,498,277	$55,550,788	$2,608,017
2021	$24,642,018	$16,954,858	$46,999,419	$7,687,160
2020	$17,432,397	$16,100,144	$38,948,024	$1,332,253
2019	$19,548,448	$17,735,852	$38,233,906	$1,812,596
2018	$18,519,954	$18,147,202	$39,174,657	$372,752

CHARLOTTE COUNTRY CLUB INC