CEDARWOOD COUNTRY CLUB

EIN: 561383975

CHARLOTTE, NC

Total Revenue
$7,960,735
Total Expenses
$7,703,681
Total Assets
$6,659,549
Net Assets
$4,577,902
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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
1979
Legal Domicile
NC
Principal Officer
MAURY CLODFELTER
Phone
7045420250
Tax Period
2024-01-01 to 2024-12-31

CEDARWOOD COUNTRY CLUB, founded in 1979, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2024. Expenses of $7.7M left a modest 3% surplus.

Mission

A COUNTRY CLUB PROVIDING SERVICES FOR MEMBERS AND THEIR GUESTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,951,968
Investment Income $8,767
Other Revenue $0
TOTAL REVENUE $7,960,735

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,094,287
Fundraising Expenses $0
Other Expenses $4,609,394
TOTAL EXPENSES $7,703,681

Year-over-Year Comparison

2024 2023 Change
Revenue $7,960,735 $8,014,547 0.0%
Expenses $7,703,681 $7,235,936 +0.1%
Net Income $257,054 $778,611 -0.7%
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
9
Independent Members
9
Employees
136
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
4
$0
Total Directors
9
$0
Key Employees
1
$179,276
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAURY CLODFELTER CLUB MANAGER 040.00
Key Emp Highest
$179,276 $0 $179,276
JOHN LEDDY PARLIAMENTARIAN N/A
Officer Director
$0 $0 $0
STEVE GOSSELIN SECRETARY N/A
Director
$0 $0 $0
BOB CAVALLINE PRESIDENT N/A
Officer Director
$0 $0 $0
MIKE MCNAMARA TREASURER N/A
Officer Director
$0 $0 $0
BRAD SHERRY FOOD BEVERAGE N/A
Officer Director
$0 $0 $0
JIMMY RAY POOL/TENNIS/FACILITIES N/A
Director
$0 $0 $0
FRANKIE JONES GOLD OPERATIONS N/A
Director
$0 $0 $0
BILL WYLIE JR VICE PRESIDENT N/A
Director
$0 $0 $0
CHRIS SHARP MEMBERSHIP N/A
Director
$0 $0 $0
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 $7,960,735 $7,703,681 $6,659,549 $257,054
2023 $8,014,547 $7,235,936 $6,862,258 $778,611
2022 $6,804,687 $6,550,344 $6,187,094 $254,343
2021 $6,158,593 $5,941,169 $5,546,222 $217,424
2020 $5,310,413 $5,176,537 $5,385,720 $133,876
2019 $6,001,791 $5,197,650 $5,158,606 $804,141
2018 $4,691,021 $4,985,180 $5,145,393 $-294,159
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