The New Jersey Golf Foundation Inc

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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

2004

Legal Domicile

Principal Officer

CHRIS HUNT

Phone

7324651212

Tax Period

2023-01-01 to 2023-12-31

The New Jersey Golf Foundation Inc, founded in 2004, is a community nonprofit in the Recreation & Sports sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $342K, a strong 21% operating margin.

Mission

TO POSITIVELY IMPACT LIVES AND COMMUNITIES THROUGH THE GAME OF GOLF, FOCUSING ON THREE PILLARS: YOUTH, SPECIAL NEEDS AND MILITARY.

Program Service Accomplishments

Program 1

Expenses: $530,507 Revenue: $0

GOLF IN SCHOOLS PROGRAM - THE NEW JERSEY GOLF FOUNDATION (THE "FOUNDATION") CONTACTS LOCAL SCHOOLS AND ASSISTS IN IMPLEMENTING GOLF IN THEIR PHYSICAL EDUCATION CURRICULUM AT ELEMENTARY AND MIDDLE...

GOLF IN SCHOOLS PROGRAM - THE NEW JERSEY GOLF FOUNDATION (THE "FOUNDATION") CONTACTS LOCAL SCHOOLS AND ASSISTS IN IMPLEMENTING GOLF IN THEIR PHYSICAL EDUCATION CURRICULUM AT ELEMENTARY AND MIDDLE SCHOOL LEVELS WITH THE IDEA OF USING GOLF AS A MEDIUM TO PROMOTE ACADEMIC AND HEALTH AWARENESS. TO DATE THE FOUNDATION HAS REACHED OVER 221 SCHOOLS WITH PARTICIPATION BY OVER 129,000 STUDENTS. THE FOUNDATION ALSO FOCUSES ON BRINGING THE GAME TO SPECIAL NEEDS YOUTH BY SPONSORING A GOLF PROGRAM AT THE SNAP AUTISTIC YOUTH CAMP AND THE SPECIAL OLYMPICS OF NEW JERSEY.

Program 2

Expenses: $449,988 Revenue: $297,370

Inspiration Golf Range - the Foundation operates an golf range and activity center that serves the youth, military veterans, and individuals with special needs.

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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 $1,308,108

Program Service Revenue $297,370

Investment Income $17,079

Other Revenue $0

TOTAL REVENUE $1,622,557

Expense Breakdown

Grants Paid $135,432

Salaries & Benefits $0

Fundraising Expenses $132,528

Program Expenses $980,495

Other Expenses $1,144,969

TOTAL EXPENSES $1,280,401

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,622,557	$928,526	+0.7%
Expenses	$1,280,401	$713,660	+0.8%
Net Income	$342,156	$214,866	+0.6%

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

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
MIKE ATTARA	PRESIDENT - TRUSTEE	5.0	Officer Director	$0	$0	$0
DAVID REASONER	VICE PRESIDENT - TRUSTEE	5.0	Officer Director	$0	$0	$0
MIKE MORANO	SECY - TRUSTEE (EFF. 8/11/23)	5.0	Officer Director	$0	$0	$0
JOHN OLIVER	SECY - TRUSTEE (THRU 8/10/23)	5.0	Officer Director	$0	$0	$0
MIKE SLOMIENSKI	TREASURER - TRUSTEE	5.0	Officer Director	$0	$0	$0
BRENT STUDER	TRUSTEE	5.0	Director	$0	$0	$0
Brian Mackey	TRUSTEE	5.0	Director	$0	$0	$0
JACK SKIRKANICH	TRUSTEE	5.0	Director	$0	$0	$0
JASON GORE	TRUSTEE	5.0	Director	$0	$0	$0
JENNIPHER SATTERLY	TRUSTEE	5.0	Director	$0	$0	$0
JOHN FIZER	TRUSTEE	5.0	Director	$0	$0	$0
KEVIN MCCALLEN	TRUSTEE	5.0	Director	$0	$0	$0
Meg Whan	TRUSTEE	5.0	Director	$0	$0	$0
MICHAEL HOLIDAY	TRUSTEE	5.0	Director	$0	$0	$0
MICKIE GALLAGHER	TRUSTEE	5.0	Director	$0	$0	$0
RYAN FOUNTAINE	TRUSTEE	5.0	Director	$0	$0	$0
CHRIS HUNT	EXECUTIVE DIRECTOR	40.0	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
2024	No data	No data	No data	No data
2023	$1,622,557	$1,280,401	$2,602,887	$342,156
2022	$928,526	$713,661	$1,974,240	$214,865
2021	$605,444	$601,924	$1,792,554	$3,520
2020	$471,686	$411,337	$1,763,216	$60,349
2019	$575,608	$524,627	$1,708,048	$50,981
2018	$653,068	$475,365	$1,659,288	$177,703