VERMONT GOLF ASSOC SCHOLARSHIP FUND (EIN 030216400) - 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

1964

Legal Domicile

Principal Officer

MICHAEL MCCORMACK

Phone

8024973897

Tax Period

2025-01-01 to 2025-12-31

VERMONT GOLF ASSOC SCHOLARSHIP FUND, founded in 1964, is a small nonprofit that reported $156K in total revenue in fiscal year 2025. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $94K, a strong 60% operating margin.

Mission

STUDENT GOLF SCHOLARSHIPS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $35,046

Investment Income $82,737

Other Revenue $38,301

TOTAL REVENUE $156,084

Expense Breakdown

Grants Paid $50,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,250

Other Expenses $11,558

TOTAL EXPENSES $61,808

Year-over-Year Comparison

	2025	2024	Change
Revenue	$156,084	$113,864	+0.4%
Expenses	$61,808	$48,903	+0.3%
Net Income	$94,276	$64,961	+0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT MURRAY	PRESIDENT	15.00	Officer Director	$0	$0	$0
STEVE WAITE	TRUSTEE	1.00	Director	$0	$0	$0
CHAL NUNN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN GOODCHILD	DESIGNEE	1.00	Director	$0	$0	$0
STEVE CURRIE	TRUSTEE	1.00	Director	$0	$0	$0
AMY BUTCHER	DESIGNEE	1.00	Director	$0	$0	$0
MICHAEL MCCORMACK	TREASURER	10.00	Officer Director	$0	$0	$0
JOHN STEMPEK	DESIGNEE	1.00	Director	$0	$0	$0
LARRY KELLEY III	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
BRAEDEN FOX	SECRETARY	5.00	Officer Director	$0	$0	$0
RICK SIMPSON	TRUSTEE	1.00	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
2025	$156,084	$61,808	$912,458	$94,276
2024	$113,864	$48,903	$821,380	$64,961
2023	$86,353	$47,565	$721,260	$38,788
2022	$35,742	$50,624	$685,398	$-14,882
2021	$178,853	$53,785	$700,280	$125,068
2020	$63,921	$54,099	$575,212	$9,822
2019	$122,156	$66,376	$565,390	$55,780
2018	$-16,000	$62,214	$509,610	$-78,214

VERMONT GOLF ASSOC SCHOLARSHIP FUND