Laconia Golf Club Inc

EIN: 020497845 Recreation & Sports

Laconia, NH

Total Revenue
$2,120,065
Total Expenses
$1,693,183
Total Assets
$5,924,050
Net Assets
$3,226,303
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NH
Phone
6035241274
Tax Period
2019-01-01 to 2019-12-31

Laconia Golf Club Inc, founded in 1997, is a community nonprofit in the Recreation & Sports sector that reported $2.1M in total revenue in fiscal year 2019. The organization ran a surplus of $427K, a strong 20% operating margin.

Mission

The Organization's purpose is to provide, improve and maintain golf course facilities for the benefit of its members and guests. The Organization operates a private golf club currently located on an eighteen-hole championship class golf course in Laconia, NH. Revenues are principally derived from members, greens fees, cart rentals and tournaments.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,119,937
Investment Income $128
Other Revenue $0
TOTAL REVENUE $2,120,065

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,586,422
Other Expenses $1,693,183
TOTAL EXPENSES $1,693,183

Year-over-Year Comparison

2019 2018 Change
Revenue $2,120,065 $1,969,731 +0.1%
Expenses $1,693,183 $1,855,188 -0.1%
Net Income $426,882 $114,543 +2.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
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
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Boule Treasurer 4.00
Officer Director
$0 $0 $0
Tom Berry Director 2.00
Director
$0 $0 $0
Sheila Sullivan Secretary 4.00
Officer Director
$0 $0 $0
Kurt Moskowitz Director 2.00
Director
$0 $0 $0
Mark Woglom President 4.00
Officer Director
$0 $0 $0
Austin Broadhurst Director 2.00
Director
$0 $0 $0
Michael Robichaud Director 2.00
Director
$0 $0 $0
Michael Handrahan Vice President 2.00
Director
$0 $0 $0
Doug Klock Director 2.00
Director
$0 $0 $0
Mark Kinnicutt Director 2.00
Director
$0 $0 $0
Robert Lavallee Director 2.00
Director
$0 $0 $0
Ruth McLaughlin Director 2.00
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 No data No data No data No data
2019 $2,120,065 $1,693,183 $5,924,050 $426,882
2018 $1,969,731 $1,855,188 $5,512,360 $114,543
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