THE CONNECTICUT GOLF FOUNDATION INC THE FIRST TEE OF CONNECTICUT (EIN 061510744) - 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

1998

Legal Domicile

Principal Officer

MARK MORIARTY

Phone

8608821660

Tax Period

2023-01-01 to 2023-12-31

THE CONNECTICUT GOLF FOUNDATION INC THE FIRST TEE OF CONNECTICUT, founded in 1998, is a community nonprofit in the Youth Development sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $1.2M left a modest 9% surplus.

Mission

TO IMPACT THE LIVES OF YOUNG PEOPLE THROUGHOUT CONNECTICUT BY PROVIDING EDUCATIONAL PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENHANCING VALUES AND PROMOTE HEALTHY CHOICES THROUGH THE GAME OF GOLF.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,032,512

Program Service Revenue $217,080

Investment Income $6,615

Other Revenue $105,548

TOTAL REVENUE $1,361,755

Expense Breakdown

Grants Paid $48,500

Salaries & Benefits $859,740

Fundraising Expenses $0

Program Expenses $922,478

Other Expenses $330,127

TOTAL EXPENSES $1,238,367

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,361,755	$1,455,386	-0.1%
Expenses	$1,238,367	$1,204,149	+0.0%
Net Income	$123,388	$251,237	-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

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

$100,677

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA KARIS DOWNEY	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG WATCHMAKER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID P MARKS	DIRECTOR	2.00	Director	$0	$0	$0
LORENZO B WYATT	TREASURER	4.00	Officer Director	$0	$0	$0
MANU MAZUMDAR	DIRECTOR	2.00	Director	$0	$0	$0
MERCEDESE LARGE	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MORAGHAN	DIRECTOR	3.00	Director	$0	$0	$0
SCOTT SEYMOUR	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS E VACHERON	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS GOODWIN	DIRECTOR	1.00	Director	$0	$0	$0
BRAD FAXON	HON. DIRECTOR	1.00	Director	$0	$0	$0
J J HENRY	HON. DIRECTOR	1.00	Director	$0	$0	$0
KAREN HOPP	DIRECTOR	3.00	Director	$0	$0	$0
JOE LACAVA	HON. DIRECTOR	1.00	Director	$0	$0	$0
DONNY MARSHALL	HON. DIRECTOR	1.00	Director	$0	$0	$0
EDWIN H MAY III	CHAIRMAN EMERITUS	1.00	Director	$0	$0	$0
PATRICIA H MEISER	DIRECTOR	3.00	Director	$0	$0	$0
DAVID E POLK	EMERITUS DIRECTOR	1.00	Director	$0	$0	$0
GARY M REYNOLDS	EMERITUS DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY BUCKNER BAKER	DIRECTOR	2.00	Director	$0	$0	$0
KENNETH BALDWIN	CHAIRMAN	5.00	Officer Director	$0	$0	$0
PAUL BOCCIARELLI	DIRECTOR	2.00	Director	$0	$0	$0
TIM BUNT	DIRECTOR	3.00	Director	$0	$0	$0
JIM CALHOUN	HON. DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH CARON	HON. DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY L COHEN	DIRECTOR	2.00	Director	$0	$0	$0
JAVIER COLON	HON. DIRECTOR	1.00	Director	$0	$0	$0
ALICIA B DAVENPORT	SECRETARY	4.00	Officer Director	$0	$0	$0
DAVID DIXON	CHAIRMAN EMERITUS	1.00	Director	$0	$0	$0
DAN EARLE	DIRECTOR	2.00	Director	$0	$0	$0
MARSHALL S RUBEN	DIRECTOR	3.00	Director	$0	$0	$0
JOHN WALSH	EMERITUS DIRECTOR	1.00	Director	$0	$0	$0
BRUCE WILSON	EMERITUS DIRECTOR	1.00	Director	$0	$0	$0
BESS BARNES	DIRECTOR	2.00	Director	$0	$0	$0
KEN GILBERT	DIRECTOR	2.00	Director	$0	$0	$0
ROB KING	DIRECTOR	2.00	Director	$0	$0	$0
TOM PANCZNER	DIRECTOR	2.00	Director	$0	$0	$0
HOWIE FRIDAY	DIRECTOR	1.00	Director	$0	$0	$0
MEGHAN MAZUMDAR	HON. DIRECTOR	1.00	Director	$0	$0	$0
MARISA BIANCHI	DIRECTOR	2.00	Director	$0	$0	$0
RICK CARBRAY	DIRECTOR	2.00	Director	$0	$0	$0
RICHIE KREMER	DIRECTOR	1.00	Director	$0	$0	$0
MARK MORIARTY	PRES./EXEC. DIRECTOR	40.00	Officer	$100,677	$0	$100,677

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	$1,361,755	$1,238,367	$3,036,985	$123,388
2022	$1,455,386	$1,204,149	$2,905,613	$251,237
2021	$1,278,607	$1,210,625	$2,599,513	$67,982
2020	$1,096,836	$1,110,982	$2,561,080	$-14,146
2019	$1,055,749	$1,192,654	$2,521,297	$-136,905
2018	$1,078,827	$1,161,797	$2,630,011	$-82,970

THE CONNECTICUT GOLF FOUNDATION INC THE FIRST TEE OF CONNECTICUT