KENTUCKY GOLF FOUNDATION INC (EIN 020661784) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

PETER KREMER

Phone

5022438295

Tax Period

2024-01-01 to 2024-12-31

KENTUCKY GOLF FOUNDATION INC, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $362K, a strong 23% operating margin.

Mission

TO IMPACT KENTUCKY'S YOUTH, MILITARY AND THOSE OF DIVERSITY USING GOLF AS A TOOLKIT.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,190,209

Program Service Revenue $505,472

Investment Income $16,276

Other Revenue $-158,882

TOTAL REVENUE $1,553,075

Expense Breakdown

Grants Paid $264,380

Salaries & Benefits $0

Fundraising Expenses $4,280

Program Expenses $1,120,075

Other Expenses $927,031

TOTAL EXPENSES $1,191,411

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,553,075	$909,398	+0.7%
Expenses	$1,191,411	$808,562	+0.5%
Net Income	$361,664	$100,836	+2.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$183,833

Total Directors

$6,540

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL ARMBRUSTER	DIRECTOR	1.00	Director	$0	$0	$0
CHAD MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY KIRCHDORFER	DIRECTOR	1.00	Director	$0	$0	$0
JIM THOMPSON	DIRECTOR	1.00	Director	$2,310	$0	$2,310
TOM WALTERS	DIRECTOR	1.00	Director	$0	$0	$0
DANNY BARON	PRESIDENT	1.00	Officer Director	$0	$0	$0
DEAN TERRY	VICE PRESIDENT	1.00	Officer Director	$1,710	$0	$4,230
MATT FUQUA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RUDDER	DIRECTOR	1.00	Director	$0	$0	$0
MISSY KREMER	DIRECTOR	1.00	Director	$0	$0	$0
LOGAN SIMS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES WHELAN	DIRECTOR	1.00	Director	$0	$0	$0
DAN WILHELM	DIRECTOR	1.00	Director	$0	$0	$0
SALLY MORGAN	EXECUTIVE DIRECTOR	1.00	Officer	$0	$18,009	$179,603

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	$1,553,075	$1,191,411	$1,863,595	$361,664
2023	$909,398	$808,562	$1,483,282	$100,836
2022	$681,587	$648,200	$1,408,607	$33,387
2021	$842,093	$566,453	$1,342,781	$275,640
2020	$464,838	$417,905	$1,353,971	$46,933

KENTUCKY GOLF FOUNDATION INC