WOLF LAUREL COUNTRY CLUB INC

EIN: 562129516 Recreation & Sports

MARS HILL, NC

Total Revenue
$1,900,064
Total Expenses
$1,913,556
Total Assets
$4,443,549
Net Assets
$4,395,483
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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
1999
Legal Domicile
NC
Principal Officer
GUILLERMO A ROMERO
Phone
8286809771
Tax Period
2023-01-01 to 2023-12-31

WOLF LAUREL COUNTRY CLUB INC, founded in 1999, is a community nonprofit in the Recreation & Sports sector that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $4.4M represent 28 months of operating reserves.

Mission

GOLF COURSE, RESTAURANT AND FITNESS CENTER FOR 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 $1,860,542
Investment Income $22
Other Revenue $39,500
TOTAL REVENUE $1,900,064

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,103,516
Fundraising Expenses $0
Other Expenses $810,040
TOTAL EXPENSES $1,913,556

Year-over-Year Comparison

2023 2022 Change
Revenue $1,900,064 $1,729,108 +0.1%
Expenses $1,913,556 $1,806,622 +0.1%
Net Income $-13,492 $-77,514 -0.8%
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
13
Independent Members
13
Employees
77
Volunteers
80

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
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM BERRY DIRECTOR N/A
Director
$0 $0 $0
BOB BYRD DIRECTOR 5.00
Director
$0 $0 $0
RON COPPENBARGER DIRECTOR 5.00
Director
$0 $0 $0
TOM FRANKLAND DIRECTOR 5.00
Director
$0 $0 $0
KATE FREIHOFER DIRECTOR 5.00
Director
$0 $0 $0
RICK LAFORGE DIRECTOR 5.00
Director
$0 $0 $0
STEVE MCLEARY DIRECTOR 5.00
Director
$0 $0 $0
BILL SCHROEDER DIRECTOR 5.00
Director
$0 $0 $0
MIKE SHALLEY DIRECTOR 5.00
Director
$0 $0 $0
SUSAN SHEPARD DIRECTOR 5.00
Director
$0 $0 $0
SUSAN BENARDO SECRETARY 5.00
Officer
$0 $0 $0
MARLIN BOLLINGER VICE PRESIDE 5.00
Officer
$0 $0 $0
GUILLERMO A ROMERO PRESIDENT 5.00
Officer
$0 $0 $0
TOM RYAN TREASURER 5.00
Officer
$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 No data No data No data No data
2023 $1,900,064 $1,913,556 $4,443,549 $-13,492
2022 $1,729,108 $1,806,622 $4,130,095 $-77,514
2021 $1,625,617 $1,731,838 $4,106,603 $-106,221
2020 $1,634,905 $1,540,350 $3,883,781 $94,555
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