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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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.

Program Service Accomplishments

Program 1
Expenses: $2,675,206 Revenue: $1,321,923

GOLF EVENTS AND TOURNAMENTS - EVERY YEAR, THOUSANDS OF MASSACHUSETTS GOLFERS OF ALL ABILITIES COMPETE IN VARYING EVENTS RANGING FROM STATE CHAMPIONSHIPS, MEMBER TOURNAMENTS, AND USGA REGIONAL...

Read more

GOLF EVENTS AND TOURNAMENTS - EVERY YEAR, THOUSANDS OF MASSACHUSETTS GOLFERS OF ALL ABILITIES COMPETE IN VARYING EVENTS RANGING FROM STATE CHAMPIONSHIPS, MEMBER TOURNAMENTS, AND USGA REGIONAL QUALIFYING EVENTS. THE PROCEEDS FROM THESE EVENTS HELP SUPPORT THE ORGANIZATION IN ITS EXEMPT PURPOSE TO PROVIDE EDUCATION AND CONTINUE TO PROMOTE THE SPORT OF GOLF IN THE STATE OF MASSACHUSETTS.

Program 2
Expenses: $1,645,096 Revenue: $373,644

COMMUNITY GOLF AND JUNIOR GOLF PROGRAM - NEW WADING RIVER COUNTRY CLUB, LLC/DBA THE LINKS AT MASS GOLF SERVES AS A PERMANENT GOLF EDUCATION CENTER FOR MASSACHUSETTS THAT PROVIDES ACCESS FOR MANY...

Read more

COMMUNITY GOLF AND JUNIOR GOLF PROGRAM - NEW WADING RIVER COUNTRY CLUB, LLC/DBA THE LINKS AT MASS GOLF SERVES AS A PERMANENT GOLF EDUCATION CENTER FOR MASSACHUSETTS THAT PROVIDES ACCESS FOR MANY YOUTH-BASED COMMUNITY PROGRAMS WITH THE GOAL OF POSITIVELY AFFECTING THE LIVES OF UNDERPRIVILEGED CHILDREN THROUGHOUT THE STATE. THE LINKS IS THE HOME BASE FOR THE MASSACHUSETTS CHAPTER OF THE NATIONALLY ACCLAIMED THE FIRST TEE PROGRAM. A SERIES OF DAY AND WEEKLONG CLINICS ARE HOSTED FOR VARIOUS YOUTH AND COMMUNITY GROUPS AT THE CLUB THROUGHOUT THE SUMMER MONTHS. IN ADDITION, THE FIRST TEE OF MASSACHUSETTS RUNS SATELLITE FACILITIES DURING THE SUMMER MONTHS IN THE FOLLOWING CITIES WITHIN MASSACHUSETTS; SPRINGFIELD, HYANNIS, BOSTON, NATICK AND BROCKTON. THE COURSE AT THE LINKS IS OPEN TO THE PUBLIC YEAR-ROUND - WEATHER PERMITTING - AND PROVIDES AFFORDABLE GOLF ACCESS FOR ALL INDIVIDUALS INCLUDING JUNIORS, SENIORS AND WOMEN.

Program 3
Expenses: $1,077,711 Revenue: $4,273,339

HANDICAPPING SERVICE - THE MGA PROVIDES ACCURATE AND TIMELY HANDICAP INDEXES FOR ROUGHLY 130,000 GOLFERS IN MASSACHUSETTS AND UPHOLDS THE INTEGRITY OF THE USGA HANDICAP SYSTEM. MAINTAINING A HANDICAP...

Read more

HANDICAPPING SERVICE - THE MGA PROVIDES ACCURATE AND TIMELY HANDICAP INDEXES FOR ROUGHLY 130,000 GOLFERS IN MASSACHUSETTS AND UPHOLDS THE INTEGRITY OF THE USGA HANDICAP SYSTEM. MAINTAINING A HANDICAP INDEX ALLOWS GOLFERS OF VARYING SKILL LEVELS TO COMPETE ON AN EQUITABLE BASIS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
Explore More Nonprofits
Top 100 Nonprofits in Massachusetts Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MASSACHUSETTS GOLF ASSOCIATION INC with other nonprofits in Massachusetts and across the country.