FORSYTH COUNTRY CLUB

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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

1913

Legal Domicile

Principal Officer

KYLE SLAGLE

Phone

3367680220

Tax Period

2023-01-01 to 2023-12-31

FORSYTH COUNTRY CLUB, founded in 1913, is a mid-sized nonprofit that reported $16.2M in total revenue in fiscal year 2023. Expenses of $15.3M left a modest 5% surplus.

Mission

PRIVATE SOCIAL CLUB OPERATING FOR THE RECREATIONAL AND SOCIAL NEEDS OF ITS MEMBERS. ACTIVITIES INCLUDE GOLF, TENNIS, SWIMMING, FITNESS CENTER AND DINING.

Program Service Accomplishments

Program 1

GOLF COURSE, GOLF SHOP AND GOLF TOURNAMENTS SERVING APPROXIMATLY 966 MEMBERS.

Program 2

FITNESS CENTER, TENNIS COURTS AND TENNIS TOURNAMENTS SERVING APPROXIMATLY 966 MEMBERS. SWIMMING POOL SERVING APPROXIMATLY 966 MEMBERS.

Program 3

CLUBHOUSE ACTIVITIES INCLUDING ON-SITE FOOD AND BEVERAGE SERVICES SERVING APPROXIMATLY 966 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 $24,388

Program Service Revenue $15,840,191

Investment Income $27,895

Other Revenue $292,168

TOTAL REVENUE $16,184,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,302,349

Fundraising Expenses $0

Other Expenses $7,015,390

TOTAL EXPENSES $15,317,739

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,184,642	$15,768,606	+0.0%
Expenses	$15,317,739	$12,852,310	+0.2%
Net Income	$866,903	$2,916,296	-0.7%

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

285

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

$516,454

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE CLIFTON	PRESIDENT	10.00	Officer Director	$0	$0	$0
TIM NERHOOD	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
WILL DOSS	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
MIKE CASHIN	DIRECTOR	5.00	Director	$0	$0	$0
SAMANTHA HOLLACK	DIRECTOR	5.00	Director	$0	$0	$0
BOB BOLES	DIRECTOR	5.00	Director	$0	$0	$0
JOHN FRAGG	DIRECTOR	5.00	Director	$0	$0	$0
JOSH CRANE	DIRECTOR	5.00	Director	$0	$0	$0
RAUL COLON	DIRECTOR	5.00	Director	$0	$0	$0
PAUL LEE SMITH	CHEIF OPERATING OFFICER (DECEASED)	60.00	Officer	$304,760	$34,974	$339,734
KYLE W SLAGLE	CHEIF FINANCIAL OFFICER	45.00	Officer	$147,961	$28,759	$176,720
MATTHEW JONES	GOLF COURSE SUPERINTENDENT	45.00	Highest	$184,200	$18,468	$202,668
ADAM THOMSON	HEAD TENNIS PROFESSIONAL	45.00	Highest	$135,226	$31,913	$167,139
CHASE ADAMS	HEAD GOLF PROFESSIONAL	45.00	Highest	$158,572	$23,394	$181,966
RENATE VAN STADEN	FITNESS DIRECTOR	45.00	Highest	$101,935	$17,231	$119,166

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	$16,184,642	$15,317,739	$25,900,500	$866,903
2022	$15,768,606	$12,852,310	$25,434,688	$2,916,296
2021	$13,216,757	$11,166,301	$21,426,181	$2,050,456
2020	$10,294,987	$9,525,166	$19,972,637	$769,821
2019	$10,992,622	$11,531,560	$19,651,997	$-538,938
2018	$10,727,755	$10,796,881	$20,195,392	$-69,126