HENDERSONVILLE 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

2005

Legal Domicile

Principal Officer

WILL BUIE

Phone

8286922261

Tax Period

2024-05-01 to 2025-04-30

HENDERSONVILLE COUNTRY CLUB, founded in 2005, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE QUALITY FACILITIES AND SERVICES FOR THE ENJOYMENT OF ALL MEMBERS; TO PROMOTE SOCIAL ACTIVITIES WITHIN THE MEMBERSHIP AND ENCOURAGE ATHLETIC AND OUTDOOR SPORTS.

Program Service Accomplishments

Program 1

THE COUNTRY CLUB PROVIDES SERVICES FOR MEMBERS - GOLF COURSE, SWIMMING POOL, TENNIS COURTS, FITNESS, AND SOCIAL FACILITIES. INCLUDES MORE THAN 27,000 ROUNDS OF GOLF, MORE THAN 2.0 MILLION MEMBER...

THE COUNTRY CLUB PROVIDES SERVICES FOR MEMBERS - GOLF COURSE, SWIMMING POOL, TENNIS COURTS, FITNESS, AND SOCIAL FACILITIES. INCLUDES MORE THAN 27,000 ROUNDS OF GOLF, MORE THAN 2.0 MILLION MEMBER REVENUE FROM RESTAURANT AND SOCIAL ACTIVITIES, AND MANY ACTIVE TENNIS LEAGUES.

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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 $53,120

Program Service Revenue $4,758,648

Investment Income $-241,306

Other Revenue $1,572,288

TOTAL REVENUE $6,142,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,520,703

Fundraising Expenses $0

Other Expenses $2,659,559

TOTAL EXPENSES $6,180,262

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,142,750	$5,593,500	+0.1%
Expenses	$6,180,262	$5,156,779	+0.2%
Net Income	$-37,512	$436,721	-1.1%

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

145

Volunteers

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILL BUIE	PRESIDENT	2.00	Officer Director	$0	$0	$0
KEN ADAMS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
RICHARD KAUFFOLD	SECRETARY	2.00	Officer Director	$0	$0	$0
CHUCK BORMAN	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA CLAY	DIRECTOR	1.00	Director	$0	$0	$0
JIM CROTTY	DIRECTOR	1.00	Director	$0	$0	$0
MARK GOULD	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN MACDOWELL	DIRECTOR	1.00	Director	$0	$0	$0
BOB PETERS	DIRECTORS	1.00	Director	$0	$0	$0
GIL RAINEY	DIRECTOR	1.00	Director	$0	$0	$0
JILL ROBBINS	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY CHELENA	GENERAL MANA	40.00	Highest	$235,981	$26,401	$262,382

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	$6,142,750	$6,180,262	$10,065,126	$-37,512
2024	$5,593,500	$5,156,779	$8,171,445	$436,721
2023	$5,363,242	$5,136,374	$7,212,315	$226,868
2022	$5,229,484	$4,408,683	$6,689,463	$820,801
2021	$4,807,820	$3,873,587	$5,610,925	$934,233
2020	$4,502,218	$4,439,839	$4,910,068	$62,379
2019	$3,874,443	$4,020,141	$5,012,487	$-145,698