CHEROKEE TOWN AND COUNTRY CLUB INC (EIN 580659988) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

KRAIG GADSBY

Phone

4043651200

Tax Period

2024-03-01 to 2025-02-28

CHEROKEE TOWN AND COUNTRY CLUB INC, founded in 1956, is a mid-sized nonprofit that reported $58.9M in total revenue in fiscal year 2024. Expenses of $50.9M left a modest 14% surplus.

Mission

CHEROKEE TOWN AND COUNTRY CLUB WILL PROVIDE OUR MEMBERSHIP WITH SUPERIOR SOCIAL AND RECREATIONAL EXPERIENCES THROUGH THE FINEST STAFF PRESENTING THE BEST POSSIBLE SERVICES, AMENITIES, FACILITIES AND ACTIVITIES, CONSISTENT WITH PRUDENT FISCAL MANAGEMENT. CHEROKEE TOWN AND COUNTRY CLUB WILL MAINTAIN A SELECT AND LIMITED MEMBERSHIP OF COMPATIBLE INDIVIDUALS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $47,776,891

Investment Income $1,099,625

Other Revenue $9,985,004

TOTAL REVENUE $58,861,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,839,518

Fundraising Expenses $0

Other Expenses $23,039,724

TOTAL EXPENSES $50,879,242

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,861,520	$55,109,670	+0.1%
Expenses	$50,879,242	$48,227,599	+0.1%
Net Income	$7,982,278	$6,882,071	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

819

Volunteers

120

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROB LARMORE	PRESIDENT	15.00	Officer Director	$0	$0	$0
JOHN HERMAN	VICE PRESIDENT	15.00	Officer Director	$0	$0	$0
BILL TUCKER	SECRETARY	15.00	Officer Director	$0	$0	$0
SHATUL PARIKH	TREASURER	15.00	Officer Director	$0	$0	$0
MATT LINDSAY	DIRECTOR	10.00	Director	$0	$0	$0
JOHN MARRA	DIRECTOR	10.00	Director	$0	$0	$0
JORDAN KIEL	DIRECTOR	10.00	Director	$0	$0	$0
ANDY BERG	DIRECTOR	10.00	Director	$0	$0	$0
RON STEWART	DIRECTOR	10.00	Director	$0	$0	$0
WENDY THOMPSON	DIRECTOR	10.00	Director	$0	$0	$0
SONNY COHEN	DIRECTOR	10.00	Director	$0	$0	$0
STEVE WRAY	DIRECTOR	10.00	Director	$0	$0	$0
TODD HENNINGSEN	DIRECTOR	10.00	Director	$0	$0	$0
KEN B LEE	DIRECTOR OF GOLF COURSE MA	60.00	Highest	$351,848	$27,736	$379,584
TODD KELLY	DIRECTOR OF CULINARY, FOOD	60.00	Highest	$330,827	$34,849	$365,676
JOSHUA L AARONSON	DIRECTOR OF TOWN CLUB OPER	60.00	Highest	$259,350	$18,651	$278,001
ROLAND R TEKENBROEK	HEAD TENNIS PROFESSIONAL	60.00	Highest	$244,359	$32,305	$276,664
BEN G MCWILLIAMS	COUNTRY CLUB MANAGER	60.00	Highest	$194,402	$12,881	$207,283
BRYCE D BOGGS	DIRECTOR OF FITNESS & WELL	60.00	Highest	$140,217	$17,598	$157,815
PETER S JONES	GOLF PROFESSIONAL	60.00	Highest	$158,289	$8,158	$166,447
KRAIG GADSBY	CHIEF FINANCIAL OFFICER	60.00	Highest	$310,868	$16,405	$327,273
ANTHONY J CORDES	GOLF PROFESSIONAL	60.00	Highest	$154,330	$23,825	$178,155
REGIE G PACOL	MASSAGE THERAPIST	60.00	Highest	$152,161	$27,424	$179,585
NIX N DUNCAN	ASST. GOLF PROFESSIONAL	60.00	Highest	$158,826	$14,115	$172,941
JENELL L WILLIAMS	DIRECTOR OF ACCOUNTING AND FINANCE	60.00	Highest	$169,911	$15,057	$184,968
ALEX HWANG	EXECUTIVE PASTRY CHEF	60.00	Highest	$151,387	$7,956	$159,343
MILOS VASOVIC	DIRECTOR OF RACQUETS	60.00	Highest	$275,828	$25,912	$301,740
MICHAEL S WHEELER	CHIEF OPERATING OFFICER	60.00	Highest	$607,777	$107,374	$715,151
CHAD C FERRELL	COUNTRY CLUB SHOP DIRECTOR	60.00	Highest	$169,577	$28,202	$197,779
MARK A MONGELL	DIRECTOR OF GOLF	60.00	Highest	$365,324	$28,916	$394,240
ADAM A CRISP	DIRECTOR OF MARKETING AND COMM	60.00	Highest	$139,416	$13,949	$153,365
JOE M DAVIS	DIRECTOR OF FACILITIES AND	60.00	Highest	$191,488	$25,938	$217,426

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
2025	$58,861,520	$50,879,242	$87,522,094	$7,982,278
2024	$55,109,670	$48,227,599	$78,906,470	$6,882,071
2023	$50,444,546	$44,867,771	$75,173,945	$5,576,775
2022	$43,703,981	$40,753,262	$70,405,206	$2,950,719
2021	$36,437,248	$34,664,241	$72,257,997	$1,773,007
2020	$38,110,206	$36,769,373	$67,159,439	$1,340,833
2019	$38,071,843	$34,942,382	$66,064,402	$3,129,461
2018	$35,011,607	$33,252,648	$62,755,254	$1,758,959

CHEROKEE TOWN AND COUNTRY CLUB INC