ROARING GAP CLUB INC

EIN: 560939382

ROARING GAP, NC

Total Revenue
$10,407,293
Total Expenses
$10,618,735
Total Assets
$21,200,500
Net Assets
$17,488,766
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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
1969
Legal Domicile
NC
Principal Officer
JILL PHILMON
Phone
3363635002
Tax Period
2023-11-01 to 2024-10-31

ROARING GAP CLUB INC, founded in 1969, is a mid-sized nonprofit that reported $10.4M in total revenue in fiscal year 2023.

Mission

PRIVATE SOCIAL CLUB PROVIDING SOCIAL AND RECREATIONAL ACTIVITIES TO 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $9,844,437
Investment Income $11,962
Other Revenue $550,894
TOTAL REVENUE $10,407,293

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,891,651
Fundraising Expenses $0
Other Expenses $5,727,084
TOTAL EXPENSES $10,618,735

Year-over-Year Comparison

2023 2022 Change
Revenue $10,407,293 $10,456,792 0.0%
Expenses $10,618,735 $10,064,244 +0.1%
Net Income $-211,442 $392,548 -1.5%
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

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Governance

Voting Members
14
Independent Members
14
Employees
208
Volunteers
13

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
5
$348,683
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COURTNAY ARPANO DIRECTOR 0.50
Director
$0 $0 $0
PAT BASSETT DIRECTOR 0.50
Director
$0 $0 $0
HANNAH KEHAYA DIRECTOR 0.50
Director
$0 $0 $0
BILL BLUE DIRECTOR 0.50
Director
$0 $0 $0
GUY MITCHELL DIRECTOR 0.50
Director
$0 $0 $0
AL LINDERMAN DIRECTOR 0.50
Director
$0 $0 $0
ELAINE STEPHENSON DIRECTOR 0.50
Director
$0 $0 $0
DEAN SMITH DIRECTOR 0.50
Director
$0 $0 $0
CHERIE HOLDERNESS DIRECTOR 0.50
Director
$0 $0 $0
MOLLY FROELICH DIRECTOR 0.50
Director
$0 $0 $0
JOHN DAVIS DIRECTOR 0.50
Director
$0 $0 $0
BURNEY JENNINGS PRESIDENT 0.50
Officer Director
$0 $0 $0
ELIZABETH UNGER VP/TREASUER 0.50
Officer Director
$0 $0 $0
MARK ROBINSON SECRETARY 0.50
Officer Director
$0 $0 $0
JILL PHILMON GENERAL MANAGER 55.00
Officer
$236,149 $9,227 $245,376
TODD AUSTIN CONTROLLER 40.00
Officer
$102,090 $1,217 $103,307
ERIK GUINTHER GOLF SUPERINTENDENT 45.00
Highest
$159,803 $10,712 $170,515
JARROD LISTON TENNIS PRO 45.00
Highest
$137,531 $9,603 $147,134
JOSH BASKEY ASSISTANT GENERAL MANAGER 45.00
Highest
$126,417 $8,879 $135,296
PETAR PEROS CHEF 45.00
Highest
$121,653 $10,263 $131,916
WILLIAM GLENN GOLF PRO 45.00
Highest
$104,853 $10,392 $115,245
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 $10,407,293 $10,618,735 $21,200,500 $-211,442
2023 $10,456,792 $10,064,244 $23,056,623 $392,548
2022 $9,488,421 $9,301,656 $22,890,880 $186,765
2021 $7,951,407 $7,525,444 $20,336,031 $425,963
2020 $9,438,737 $5,799,305 $17,608,121 $3,639,432
2019 $6,527,091 $6,754,814 $14,359,624 $-227,723
2018 $7,077,345 $6,544,800 $14,777,885 $532,545
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