MASSACHUSETTS GOLF ASSOCIATION INC

EIN: 042487562 501(c)(3)

NORTON, MA

Total Revenue
$7,364,037
Total Expenses
$7,104,617
Total Assets
$16,443,251
Net Assets
$15,841,870
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
MA
Principal Officer
JESSE MENACHEM
Phone
7744309100
Tax Period
2023-01-01 to 2023-12-31

MASSACHUSETTS GOLF ASSOCIATION INC, founded in 1971, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $7.1M left a modest 4% surplus.

Mission

TO PROMOTE AND PRESERVE THE INTEGRITY AND VALUES OF GOLF THROUGHOUT THE COMMONWEALTH OF MASSACHUSETTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $825,921
Program Service Revenue $6,076,491
Investment Income $368,598
Other Revenue $93,027
TOTAL REVENUE $7,364,037

Expense Breakdown

Grants Paid $80,436
Salaries & Benefits $3,032,174
Fundraising Expenses $76,933
Program Expenses $6,428,267
Other Expenses $3,992,007
TOTAL EXPENSES $7,104,617

Year-over-Year Comparison

2023 2022 Change
Revenue $7,364,037 $8,402,976 -0.1%
Expenses $7,104,617 $6,879,881 +0.0%
Net Income $259,420 $1,523,095 -0.8%
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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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
83
Volunteers
275

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
8
$423,111
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEGAN T BEARCE PRESIDENT 5.00
Officer Director
$0 $0 $0
JOANNE T GAGNON 1ST VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
JOSEPH E MAHONEY JR 2ND VICE PRESIDENT AND TREASURER 5.00
Officer Director
$0 $0 $0
SCOTT C BAKER SECRETARY 5.00
Officer Director
$0 $0 $0
EDUARDO E CORDEIRO DIRECTOR 0.50
Director
$0 $0 $0
JOHN CROOK DIRECTOR 0.50
Director
$0 $0 $0
HENRY ST CYR DIRECTOR, THRU OCT. 2023 0.50
Director
$0 $0 $0
CHELSEA L CURTIS DIRECTOR 0.50
Director
$0 $0 $0
MORRIS DAVENPORT DIRECTOR 0.50
Director
$0 $0 $0
SALLY DEGAN DIRECTOR, THRU OCT. 2023 0.50
Director
$0 $0 $0
DENISE A EDDY DIRECTOR 0.50
Director
$0 $0 $0
SARAH C FORBES DIRECTOR 0.50
Director
$0 $0 $0
MACE FOEHL DIRECTOR 0.50
Director
$0 $0 $0
DAVID FREM DIRECTOR 0.50
Director
$0 $0 $0
PETER T FRODIGH DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM O JENKS DIRECTOR 0.50
Director
$0 $0 $0
ALAN G MACDONALD DIRECTOR, THRU OCT. 2023 0.50
Director
$0 $0 $0
PETER CARO GENERAL COUNSEL 0.50
Officer
$0 $0 $0
JESSE E MENACHEM EXECUTIVE DIRECTOR 40.00
Officer
$295,372 $35,257 $330,629
JAMES HAYNES DIRECTOR OF FINANCE, THRU FEB. 2023 40.00
Officer
$15,522 $2,649 $18,171
KAY KOWALCYZK DIRECTOR OF FINANCE, AS OF APR. 2023 40.00
Officer
$74,231 $80 $74,311
CATHERINE CARMIGNANI ASSISTANT EXECUTIVE DIRECTOR 40.00
Highest
$146,556 $5,486 $152,042
MARK GAGNE DIRECTOR OF MEMBER SERVICES 40.00
Highest
$123,820 $4,634 $128,454
KEVIN ELDRIDGE DIRECTOR OF CHAMPONSHIPS 40.00
Highest
$109,914 $5,058 $114,972
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
2023 $7,364,037 $7,104,617 $16,443,251 $259,420
2022 $8,208,824 $6,798,420 $15,175,400 $1,410,404
2022 $8,402,976 $6,879,881 $15,184,913 $1,523,095
2021 $7,035,294 $6,617,394 $16,894,871 $417,900
2020 $5,132,097 $4,514,356 $15,590,916 $617,741
2019 $4,844,471 $4,746,937 $13,906,249 $97,534
2018 $4,906,138 $4,375,566 $12,934,588 $530,572
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