Civic Intelligence

Greensboro Country Club Inc

EIN 56-0245080 • 501(c)7 • Greensboro, NC

View Organization Page

Profile

To promote social interaction and recreation for the benefit of its members.

410 Sunset DriveGreensboro, NC 27408

www.greensborocc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.60x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

59th percentile

0.81x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2025

Net Margin

30th percentile

-1.0%

Higher net margin than 30% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

87th percentile

$514,434

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

501(c)7 • $25M-$50M nonprofits • Source year 2025

Asset Growth

4th percentile

-6.2%

Faster asset growth than 4% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

61st percentile

9.4%

Faster revenue growth than 61% of similar nonprofits.

501(c)7 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$31,091,421

Down $2,067,094 (-6.2%) from 2024

Liabilities

Down

$18,773,055

Down $1,835,579 (-8.9%) from 2024

Net Assets

Down

$12,318,366

Down $231,515 (-1.8%) from 2024

Operations
Liabilities / Revenue59th percentileNet Margin30th percentile

Revenue

Up

$23,085,142

Up $1,979,924 (+9.4%) from 2024

Expenses

Up

$23,320,557

Up $1,414,388 (+6.5%) from 2024

Net Income

Up

-$235,415

Up $565,536 (+71%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth4th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $26,537,469Liabilities 2010: $11,380,886Net Assets 2010: $15,156,5832010Assets 2011: $24,401,768Liabilities 2011: $9,319,021Net Assets 2011: $15,082,7472011Assets 2012: $23,644,685Liabilities 2012: $9,311,114Net Assets 2012: $14,333,5712012Assets 2013: $21,250,083Liabilities 2013: $6,689,230Net Assets 2013: $14,560,8532013Assets 2014: $20,980,650Liabilities 2014: $6,549,435Net Assets 2014: $14,431,2152014Assets 2015: $20,003,551Liabilities 2015: $5,444,293Net Assets 2015: $14,559,2582015Assets 2016: $19,584,994Liabilities 2016: $5,257,186Net Assets 2016: $14,327,8082016Assets 2017: $19,935,244Liabilities 2017: $5,210,200Net Assets 2017: $14,725,0442017Assets 2018: $20,231,560Liabilities 2018: $5,507,785Net Assets 2018: $14,723,7752018Assets 2019: $19,415,578Liabilities 2019: $4,701,234Net Assets 2019: $14,714,3442019Assets 2020: $18,220,267Liabilities 2020: $3,759,423Net Assets 2020: $14,460,8442020Assets 2021: $22,272,638Liabilities 2021: $7,019,277Net Assets 2021: $15,253,3612021Assets 2022: $35,599,630Liabilities 2022: $20,474,749Net Assets 2022: $15,124,8812022Assets 2023: $35,103,957Liabilities 2023: $21,754,575Net Assets 2023: $13,349,3822023Assets 2024: $33,158,515Liabilities 2024: $20,608,634Net Assets 2024: $12,549,8812024Assets 2025: $31,091,421Liabilities 2025: $18,773,055Net Assets 2025: $12,318,3662025

Highlighted filing

2025

Assets$31,091,421
Liabilities$18,773,055
Net Assets$12,318,366
Open 2025 Filing

Operations Trend

Revenue Growth61st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $12,652,1502010Expenses 2011: $12,199,2682011Expenses 2012: $12,599,3872012Revenue 2013: $12,833,954Expenses 2013: $12,607,472Net Income 2013: $226,4822013Revenue 2014: $13,195,421Expenses 2014: $13,326,509Net Income 2014: -$131,0882014Revenue 2015: $14,000,738Expenses 2015: $13,874,595Net Income 2015: $126,1432015Revenue 2016: $13,998,056Expenses 2016: $14,230,406Net Income 2016: -$232,3502016Revenue 2017: $14,545,655Expenses 2017: $14,150,569Net Income 2017: $395,0862017Revenue 2018: $14,948,385Expenses 2018: $14,951,504Net Income 2018: -$3,1192018Revenue 2019: $11,586,506Expenses 2019: $11,596,137Net Income 2019: -$9,6312019Revenue 2020: $14,135,007Expenses 2020: $14,387,857Net Income 2020: -$252,8502020Revenue 2021: $13,710,701Expenses 2021: $12,918,884Net Income 2021: $791,8172021Revenue 2022: $15,128,877Expenses 2022: $15,259,607Net Income 2022: -$130,7302022Revenue 2023: $18,862,612Expenses 2023: $20,640,011Net Income 2023: -$1,777,3992023Revenue 2024: $21,105,218Expenses 2024: $21,906,169Net Income 2024: -$800,9512024Revenue 2025: $23,085,142Expenses 2025: $23,320,557Net Income 2025: -$235,4152025

Highlighted filing

2025

Revenue$23,085,142
Expenses$23,320,557
Net Income-$235,415
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,091,421
Liabilities
$18,773,055
Net assets
$12,318,366
Revenue
$23,085,142
Expenses
$23,320,557
Net income
-$235,415
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$31.1$18.8$12.3$23.1$23.3$0.24
2024Detailed filing. Detailed filing data is available for this year.$33.2$20.6$12.5$21.1$21.9$0.80
2023Detailed filing. Detailed filing data is available for this year.$35.1$21.8$13.3$18.9$20.6$1.78
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.6$20.5$15.1$15.1$15.3$0.13
2021Detailed filing. Detailed filing data is available for this year.$22.3$7.02$15.3$13.7$12.9$0.79
2020Summary only. Only limited summary data is available for this year.$18.2$3.76$14.5$14.1$14.4$0.25
2019Summary only. Only limited summary data is available for this year.$19.4$4.70$14.7$11.6$11.6$0.01
2018Detailed filing. Detailed filing data is available for this year.$20.2$5.51$14.7$14.9$15.0$0.00
2017Detailed filing. Detailed filing data is available for this year.$19.9$5.21$14.7$14.5$14.2$0.40
2016Detailed filing. Detailed filing data is available for this year.$19.6$5.26$14.3$14.0$14.2$0.23
2015Detailed filing. Detailed filing data is available for this year.$20.0$5.44$14.6$14.0$13.9$0.13
2014Detailed filing. Detailed filing data is available for this year.$21.0$6.55$14.4$13.2$13.3$0.13
2013Detailed filing. Detailed filing data is available for this year.$21.3$6.69$14.6$12.8$12.6$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.6$9.31$14.3$12.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.4$9.32$15.1$12.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.5$11.4$15.2$12.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Feb 11, 2026
Return Version
2024v5.5
Gross Receipts
$25,258,525
Mission and Program Overview

Mission

To promote social interaction and recreation for the benefit of its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$27,960,300$26,036,693▼ $1,923,607
Accounts Receivable$2,790,711$2,692,711▼ $98,000
Prepaid Expenses and Deferred Charges$504,058$453,934▼ $50,124
Savings and Temporary Cash Investments$26,134$422,976▲ $396,842
Inventories for Sale or Use$365,598$353,040▼ $12,558
Cash and Non-Interest-Bearing Accounts$188,426$237,169▲ $48,743
Intangible Assets$37,677$31,384▼ $6,293
Receivables From Officers Etc$25,695$18,484▼ $7,211
Total Assets$33,158,515$31,091,421▼ $2,067,094
Other Assets Total$1,259,916$845,030▼ $414,886
Liabilities
Mortgage Notes Payable Secured by Investment Property$18,076,340$16,515,629▼ $1,560,711
Accounts Payable and Accrued Expenses$1,244,341$1,380,677▲ $136,336
Other Liabilities$1,287,599$876,303▼ $411,296
Deferred Revenue$354$446▲ $92
Total Liabilities$20,608,634$18,773,055▼ $1,835,579
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,549,881$12,318,366▼ $231,515
Total Net Assets Fund Balance$12,549,881$12,318,366▼ $231,515
Total Liabilities and Net Assets / Fund Balance$33,158,515$31,091,421▼ $2,067,094

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,499,506$15,741,496$30,241,002
Other Land Buildings$7,906,278$12,787,325$20,693,603
Equipment$3,020,372$5,680,219$8,700,591
Land$610,537-$610,537
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Friedrich EderGeneral ManagerFT$380,448$133,986$514,434
Doug LoweGreens SuperintendantFT$213,428$63,350$276,778
Michelle LunneyCFOFT$197,653$63,119$260,772
Robert FritzGolf Teaching ProFT$49,846$196,802$246,648
Shayne TaylorExec ChefFT$176,917$53,386$230,303
Tyler GosselinDirector of GolfFT$131,201$70,661$201,862
Nathan PalmerDirector of Racquet SportsFT$52,452$133,345$185,797
Beth WilkersonDirector of HrFT$112,324$43,747$156,071
Devon WesleyClubhouse ManagerFT$119,259$4,940$124,199
Jason HinsonFacilities DirectorFT$106,935$13,730$120,665

Board Members and Trustees

NameTitle
Julia ArmbrusterMembership Chair
Matthew RankinPast President
Jay KirkpatrickPresident
Will DuboseInside Vice President
Scott FairclothOutside Vice President
Adam TilleyDirector
Kristen HaynesDirector
Marc IsaacsonDirector
Parrish PeddrickDirector
Ralph AllenDirector
Tara Burgio-wheelihanDirector
Robert EnochsAssistant Secretary
John HallAssistant Treasurer
Louise BristolSecretary
Jeff BeachTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$19,603,404
Investment Income
$5,046
Other Revenue
$3,476,692
Change in Net Assets
$-235,415

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,257,042
Revenue Not Reported on Financial Statements
$-2,171,900
Revenue Not Reported on Form 990
$-148,485
Other Revenue Adjustments
$-2,171,900
Total Revenue per Audited Statements
$25,108,557
Total Revenue per Form 990
$23,085,142
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,262,635
Salaries, Compensation, and Employee Benefits$11,057,922
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$7,754,247
Depreciation Depletion---$3,657,605
All Other Expenses---$2,086,413
Occupancy---$2,014,671
Current Officers, Directors, Trustees, and Key Employees---$1,476,906
Other Employee Benefits---$903,140
Payroll Taxes---$767,263
Other Expenses---$341,806
Fees for Services Other---$300,797
Information Technology---$184,433
Pension Plan Contributions---$156,366
Office Expenses---$135,564
Travel---$66,326
Fees for Services Accounting---$40,066
Fees for Services Legal---$14,811
Advertising---$125
Total Functional Expenses$0$0$0$23,320,557

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$25,343,972
Total Expenses per Form 990$23,320,557
Expenses per Audited Statements$23,172,072
Expenses Not Reported on Form 990$2,171,900
Expenses Not Reported on Financial Statements$148,485
Other Expense Adjustments$148,485
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$25,695$18,484▼ $7,211
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligations$778,593
Operating Lease Obligations$97,710
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization is organized as a stock corporation. The organization's stockholders consist of the following at september 30, 2025: stockholding members, voting - 917 leave of absense and suspended - 2 honorary special stockholding members, nonvoting - 387”

Form 990, Part VI, Section A, Line 7A

“The organization's board of directors is elected by the organization's voting stockholders.”

Form 990, Part VI, Section A, Line 7B

“The following decisions of the organization's board of directors are subject to approval by the organization's voting stockholders: expenditures greater than $900,000; sales of the organization's real estate; and changes to the organization's by-laws.”

Form 990, Part VI, Section B, Line 11B

“The form 990 will be reviewed by the general manager and cfo prior to being filed.”

Form 990, Part VI, Section B, Line 15

“The organization's executive committee determines compensation for the general manager and other key employees based on industry standards.”

Form 990, Part VI, Section C, Line 19

“The organization does not make its governing documents or financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
Greensboro Country Club Inc
EIN
56-0245080
Phone
3362758506
Address
410 SUNSET DRIVE, GREENSBORO, NC 27408

Signing Officer

Name
Michelle Lunney
Title
Chief Financial Officer
Phone
3362758506
Signed
2026-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Lunney
Formed
1941
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
532
Volunteers
0

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
John M Robinson
Phone
3362944494
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Issuance of stock, net 3,900.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Bad debt expense included in revenue on financial statements -148,485.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Cost of goods sold included as expense on financial statements -2,173,383. Gain on fixed asset disposal 1,483.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold included as expense on financial statements 2,173,383. Gain on fixed asset disposal -1,483.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Bad debt expense included in revenue on financial statements 148,485.”

Raw XML AppendixShowing 400 of 672 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15CFO
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IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR OF GOLF
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXEC CHEF
IRS990/Form990PartVIISectionAGrp/TitleTxt19GREENS SUPERINTENDANT
IRS990/Form990PartVIISectionAGrp/TitleTxt20GOLF TEACHING PRO
IRS990/Form990PartVIISectionAGrp/TitleTxt21CLUBHOUSE MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR OF RACQUET SPORTS
IRS990/Form990PartVIISectionAGrp/TitleTxt23FACILITIES DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR OF HR
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