LEXINGTON COUNTRY CLUB INC

EIN: 610258900

LEXINGTON, KY

Total Revenue
$7,466,217
Total Expenses
$7,411,625
Total Assets
$12,274,391
Net Assets
$4,076,382
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Financial Trends

Organization Details

Formation Year
1901
Legal Domicile
KY
Principal Officer
BRENT RICHARDS
Phone
8592996243
Tax Period
2024-01-01 to 2024-12-31

LEXINGTON COUNTRY CLUB INC, founded in 1901, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

TO PROVIDE RECREATIONAL AND SOCIAL ACTIVITIES AND FACILITIES FOR MEMBERS AT LEXINGTON COUNTRY CLUB, WE ARE A CLOSE KNIT TEAM THAT IS DEDICATED TO BEING THE PREMIERE PRIVATE CLUB IN THE STATE OF KENTUCKY. WE MAKE SURE THAT THE MEMBERS COME FIRST, "MEMBERS FIRST - TASKS SECOND." WE RECOGNIZE AND GREET EVERY MEMBER BY NAME IN AN ENTHUSIASTIC MANNER, "EVERY MEMBER - EVERY TIME." WE ANTICIPATE THE NEEDS AND EXCEED THE EXPECTATIONS OF THE MEMBERS TO MAKE THEM FEEL SPECIAL AND CREATE A LEVEL OF EXTRAORDINARY SERVICE. WE STRIVE TO PROVIDE AN OUTSTANDING GOLF EXPERIENCE FOR EVERY MEMBER AND THEIR GUEST, EVERY DAY. WE HAVE CREATIVE, WELL ORGANIZED, MEMORABLE AND FUN GOLF AND SOCIAL EVENTS THAT ARE WELL MARKETED AND FILLED TO CAPACITY. WE PROVIDE FOOD AND BEVERAGE OPTIONS THAT ARE CREATIVE AND DIFFERENTIATED FROM OTHER LOCAL OPTIONS WITH AN EMPHASIS ON HIGH QUALITY AND SPEED OF SERVICE. WE STRIVE TO HAVE THE FINEST FACILITIES INCLUDING THE GOLF COURSE, GROUNDS, TENNIS COURTS, SWIMMING POOL, CLUBHOUSE AND GOLF PRO SHOP. ALL FACILITIES ARE METICULOUSLY CLEAN, SAFE AND FUN FOR THE MEMBERS AND THEIR FAMILIES. WE PROVIDE AN EXTRAORDINARY LEVEL OF SERVICE WHILE MANAGING COSTS IN ORDER TO BE FISCALLY RESPONSIBLE.

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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 $5,353,707
Program Service Revenue $732,479
Investment Income $4,700
Other Revenue $1,375,331
TOTAL REVENUE $7,466,217

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,686,290
Fundraising Expenses $0
Program Expenses $7,411,625
Other Expenses $3,725,335
TOTAL EXPENSES $7,411,625

Year-over-Year Comparison

2024 2023 Change
Revenue $7,466,217 $9,215,917 -0.2%
Expenses $7,411,625 $6,663,792 +0.1%
Net Income $54,592 $2,552,125 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
224
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
3
$126,154
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENT RICHARDS PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVID GRAVES PRESIDENT EMERITUS 1.00
Director
$0 $0 $0
SCOTT MATTMILLER DIRECTOR 1.00
Director
$0 $0 $0
KIRSTEN CAREY DIRECTOR 1.00
Director
$0 $0 $0
CAMERON FREEMAN DIRECTOR 1.00
Director
$0 $0 $0
BANKS HUDSON TREASURER 1.00
Officer Director
$0 $0 $0
NEIL HOWARD DIRECTOR 1.00
Director
$0 $0 $0
JANET GOLDTHORPE DIRECTOR 1.00
Director
$0 $0 $0
GREG ENGLE DIRECTOR 1.00
Director
$0 $0 $0
DENNIS BOHANNON DIRECTOR 1.00
Director
$0 $0 $0
KEVIN RICE GM/COO 40.00
Officer
$126,154 $0 $126,154
HANNAH SMITH MEMBERSHIP/MARKETING DIRECTOR 40.00
Highest
$104,860 $0 $104,860
JOHN FANGMEYER GOLF SUPERINTENDENT 40.00
Highest
$131,887 $0 $131,887
CHLOE DYKES EXECUTIVE CHEF 40.00
Highest
$108,742 $0 $108,742
GREG GRIFFITH HEAD GOLF PROFESSIONAL 40.00
Highest
$109,656 $0 $109,656
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 $7,466,217 $7,411,625 $12,274,391 $54,592
2023 $9,215,917 $6,663,792 $11,596,045 $2,552,125
2022 $7,279,918 $6,172,236 $6,807,599 $1,107,682
2021 $7,033,581 $5,432,971 $6,245,578 $1,600,610
2020 $4,405,902 $4,746,345 $4,457,446 $-340,443
2019 $4,653,218 $4,957,208 $5,112,459 $-303,990
2018 $4,478,221 $4,584,245 $5,140,025 $-106,024
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