TRI-STATE TURF RESEARCH FOUNDATION INC (EIN 133650724) - 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

1990

Legal Domicile

Phone

9143474653

Tax Period

2023-01-01 to 2023-12-31

TRI-STATE TURF RESEARCH FOUNDATION INC, founded in 1990, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $62K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $53K left a modest 15% surplus.

Mission

RESEARCH IN GOLF TURF CARE AND ITEMS THAT EFFECT THE HEALTH AND WELL BEING OF THE GRASS ON GOLF COURCES.

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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 $59,620

Program Service Revenue $0

Investment Income $2,555

Other Revenue $0

TOTAL REVENUE $62,175

Expense Breakdown

Grants Paid $33,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,294

Other Expenses $19,344

TOTAL EXPENSES $53,044

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,175	$47,270	+0.3%
Expenses	$53,044	$49,161	+0.1%
Net Income	$9,131	$-1,891	-5.8%

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

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

148

Independent Members

148

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
GENE WESTMORELAND	BOARD MEMBER	10.00	Director	$0	$0	$0
TIMOTHY GARCEAU	PRESIDENT	5.00	Officer Director	$0	$0	$0
BLAKE HALDERMAN	VICE-PRESIDENT	2.00	Officer	$0	$0	$0
THOMAS KAPLUN	SECRETARY	2.00	Officer	$0	$0	$0
RICH DUGGAN	TREASURER	2.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$62,175	$53,044	$382,422	$9,131
2022	$47,270	$49,161	$307,270	$-1,891
2021	$78,409	$49,825	$351,646	$28,584
2020	$61,909	$51,999	$322,984	$9,910
2019	$55,771	$50,204	$296,678	$5,567
2018	$36,580	$33,940	$263,676	$2,640

TRI-STATE TURF RESEARCH FOUNDATION INC