LAKE HICKORY COUNTRY CLUB INC (EIN 560486013) - 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

1961

Legal Domicile

Principal Officer

JEFF GNIADEK

Phone

8283282981

Tax Period

2024-09-01 to 2025-08-31

LAKE HICKORY COUNTRY CLUB INC, founded in 1961, is a community nonprofit in the Recreation & Sports sector that reported $6.9M in total revenue in fiscal year 2024.

Mission

TO PROVIDE MEANS AND FACILITIES FOR ENTERTAINMENT, RECREATION, AND REFRESHMENT OF ITS MEMBERS, CREATE OPPORTUNITIES FOR SOCIAL INTERACTION FOR MEMBERS, THEIR GUESTS AND FAMILIES. ACTIVITIES INCLUDE GOLF, TENNIS, SWIMMING AND DINING.

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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 $150,000

Program Service Revenue $4,873,963

Investment Income $650

Other Revenue $1,924,636

TOTAL REVENUE $6,949,249

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,849,122

Fundraising Expenses $0

Other Expenses $3,066,574

TOTAL EXPENSES $6,915,696

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,949,249	$6,822,240	+0.0%
Expenses	$6,915,696	$6,640,462	+0.0%
Net Income	$33,553	$181,778	-0.8%

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

218

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

$704,303

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH WILLIS	DIRECTOR	0.50	Director	$0	$0	$0
CARSON COPELAND	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH JOE GIOVANNINI	DIRECTOR	0.50	Director	$0	$0	$0
NANCY YANCEY	DIRECTOR	0.50	Director	$0	$0	$0
STEVEN BOWMAN	DIRECTOR	0.50	Director	$0	$0	$0
KRISTINE HUTTON	DIRECTOR	0.50	Director	$0	$0	$0
JAMES TY POSTON	DIRECTOR	0.50	Director	$0	$0	$0
BILLY TRUITT	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT WIMMER	DIRECTOR	0.50	Director	$0	$0	$0
KELLY FARR	TREASURER	0.50	Officer Director	$0	$0	$0
DAVID CROSS	PRESIDENT	0.50	Officer Director	$0	$0	$0
JEFFREY GNIADEK	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
KENNETH CHURCH	GENERAL MANAGER	40.00	Officer	$151,189	$59,798	$210,987
CHARLES GARNETT	DIRECTOR OF TENNIS	40.00	Officer	$158,940	$13,123	$172,063
MIKE STELL	GOLF COURSE SUPERINTENDANT	40.00	Officer	$95,373	$4,475	$99,848
DAN CARLIN	EXECUTIVE CHEF	40.00	Officer	$95,996	$4,475	$100,471
KAREN CONNER	CFO	40.00	Officer	$107,900	$13,034	$120,934

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	$6,949,249	$6,915,696	$7,129,053	$33,553
2024	$6,822,240	$6,640,462	$7,817,845	$181,778
2023	$6,092,840	$6,046,870	$7,262,963	$45,970
2022	$5,457,620	$5,279,512	$6,558,678	$178,108
2021	$5,915,966	$4,720,428	$4,799,572	$1,195,538
2020	$4,359,542	$4,455,424	$3,227,944	$-95,882
2018	$4,212,567	$4,575,151	$3,409,949	$-362,584

LAKE HICKORY COUNTRY CLUB INC