Carolina Golf Club Inc (EIN 560677644) - 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

1955

Legal Domicile

Principal Officer

Billy Cleveland

Phone

7043926366

Tax Period

2024-01-01 to 2024-12-31

Carolina Golf Club Inc, founded in 1955, is a mid-sized nonprofit that reported $16.0M in total revenue in fiscal year 2024. Revenue surged 187% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.7M, a strong 61% operating margin.

Mission

social club

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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 $15,706,886

Investment Income $113,812

Other Revenue $140,038

TOTAL REVENUE $15,960,736

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,950,017

Fundraising Expenses $0

Other Expenses $3,281,006

TOTAL EXPENSES $6,231,023

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,960,736	$5,563,673	+1.9%
Expenses	$6,231,023	$5,886,585	+0.1%
Net Income	$9,729,713	$-322,912	-31.1%

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

121

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

$196,457

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jon Jarrett	President	5.00	Officer Director	$0	$0	$0
Tim Crow	Treasurer	5.00	Officer Director	$0	$0	$0
Craig Brookes	VP	5.00	Officer Director	$0	$0	$0
Jaclyn Miles	Secretary	5.00	Officer Director	$0	$0	$0
Dave Dove	Ind. director	2.00	Director	$0	$0	$0
Bob Cordle	Ind. director	2.00	Director	$0	$0	$0
Blake Kiger	Ind. director	2.00	Director	$0	$0	$0
Sean Preston	Ind. director	2.00	Director	$0	$0	$0
AJ Hunter	Ind. director	2.00	Director	$0	$0	$0
Richard Lee	Ind. director	2.00	Director	$0	$0	$0
David Schilli	Ind. director	2.00	Director	$0	$0	$0
Tyler Gibson	Ind. director	2.00	Director	$0	$0	$0
Adam Greene	Ind. director	2.00	Director	$0	$0	$0
Billy Cleveland	General manager	50.00	Key Emp Highest	$196,457	$0	$196,457
Nate McKinniss	Superintendent	50.00	Highest	$168,032	$0	$168,032
Bobby Cox	Golf professional	50.00	Highest	$112,935	$0	$112,935

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	$15,960,736	$6,231,023	$19,042,382	$9,729,713
2023	$5,563,673	$5,886,585	$9,342,616	$-322,912
2022	$5,083,898	$5,139,315	$9,069,260	$-55,417
2021	$4,638,437	$4,372,640	$9,199,398	$265,797
2020	$3,754,452	$4,044,216	$9,107,359	$-289,764
2019	$4,124,878	$4,040,951	$8,909,300	$83,927
2018	$3,687,290	$3,945,444	$8,928,490	$-258,154

Carolina Golf Club Inc