Highlands Falls Country Club Inc

EIN: 561184946 Recreation & Sports

HIGHLANDS, NC

Total Revenue
$9,104,741
Total Expenses
$7,853,720
Total Assets
$23,721,646
Net Assets
$10,967,575
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NC
Phone
8285264118
Tax Period
2023-11-01 to 2024-10-31

Highlands Falls Country Club Inc, founded in 1977, is a community nonprofit in the Recreation & Sports sector that reported $9.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $7.9M left a modest 14% surplus.

Mission

TO PROVIDE SOCIAL ACTIVITIES FOR MEMBERS THROUGH GOLF 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,858,057
Investment Income $251,844
Other Revenue $994,840
TOTAL REVENUE $9,104,741

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $3,857,989
Fundraising Expenses $0
Program Expenses $0
Other Expenses $3,993,731
TOTAL EXPENSES $7,853,720

Year-over-Year Comparison

2023 2022 Change
Revenue $9,104,741 $8,219,292 +0.1%
Expenses $7,853,720 $7,082,795 +0.1%
Net Income $1,251,021 $1,136,497 +0.1%
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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Governance

Voting Members
8
Independent Members
8
Employees
79
Volunteers
25

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
4
$278,654
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Craig Fravert President 5.0
Officer Director
$0 $0 $0
Jim Turner Treasurer/Finance Chair 5.0
Officer Director
$0 $0 $0
Peter Portley Secretary 5.0
Officer Director
$0 $0 $0
Bob Hamrich Board Member 5.0
Director
$0 $0 $0
David Murray Board Member 5.0
Director
$0 $0 $0
Greg Copeland Board Member 5.0
Director
$0 $0 $0
Karl Beier Board Member 5.0
Director
$0 $0 $0
Mary Watts Board Member 5.0
Director
$0 $0 $0
Fred Gehrisch GM/COO 40.0
Officer
$260,651 $18,003 $278,654
Allen Chandler Former Head Pro 40.0
Highest
$113,815 $7,601 $121,416
Jessica Emery Membership Director 40.0
Highest
$152,414 $5,902 $158,316
Josh Cantrell Golf Course Super 40.0
Highest
$144,468 $8,629 $153,097
Onifer Wilmoth Wellness Director 40.0
Highest
$103,377 $7,069 $110,446
Shawn Olah Executive Chef 40.0
Highest
$176,612 $8,893 $185,505
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 $9,104,741 $7,853,720 $23,721,646 $1,251,021
2023 $8,219,292 $7,082,795 $22,223,259 $1,136,497
2022 $7,469,341 $6,572,176 $19,673,867 $897,165
2021 $5,732,867 $5,467,110 $17,573,731 $265,757
2020 $5,176,248 $4,896,056 $15,891,871 $280,192
2019 $5,366,896 $4,655,109 $10,961,910 $711,787
2018 $5,150,785 $4,434,963 $10,500,359 $715,822
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