BOCA RATON CHAMPIONS GOLF CHARITIES INC (EIN 205233544) - 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

2006

Legal Domicile

Principal Officer

KEN KENNERLY

Phone

5612414653

Tax Period

2023-05-01 to 2024-04-30

BOCA RATON CHAMPIONS GOLF CHARITIES INC, founded in 2006, is a community nonprofit in the Health Care sector that reported $6.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $6.3M left a modest 7% surplus.

Mission

TO SPONSOR A SENIOR PGA GOLF TOURNAMENT TO RAISE FUNDS FOR THE BOCA RATON COMMUNITY HOSPITAL AND VARIOUS OTHER QUALIFIED CHARITABLE ORGANIZATIONS.

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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 $0

Program Service Revenue $6,130,377

Investment Income $0

Other Revenue $608,262

TOTAL REVENUE $6,738,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,255,613

TOTAL EXPENSES $6,255,613

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,738,639	$6,164,904	+0.1%
Expenses	$6,255,613	$6,267,481	0.0%
Net Income	$483,026	$-102,577	-5.7%

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

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
DICK SCHMIDT	CHAIRMAN	004.00	Director	$0	$0	$0
JERRY FEDELE	VICE CHAIRMAN	004.00	Director	$0	$0	$0
SCOTT MCCLENEGHEN	TREASURER	004.00	Director	$0	$0	$0
DON ALLISON	DIRECTOR	004.00	Director	$0	$0	$0
PAUL ADKINS	DIRECTOR	004.00	Director	$0	$0	$0
SUSAN WHELCHEL	DIRECTOR	004.00	Director	$0	$0	$0
STEVE SCHMIDT	DIRECTOR	004.00	Director	$0	$0	$0
MARK GENSHEIMER	DIRECTOR	004.00	Director	$0	$0	$0
TERRY MAYOTTE	DIRECTOR	004.00	Director	$0	$0	$0
BRENT LANGLEY	DIRECTOR	004.00	Director	$0	$0	$0
CONSTANCE SCOTT	DIRECTOR	004.00	Director	$0	$0	$0
ABDOL MOABERY	DIRECTOR	004.00	Director	$0	$0	$0
SUSAN WHELCHEL	DIRECTOR	004.00	Director	$0	$0	$0
HOLLIS CAVNER	CEO	004.00	Officer Director	$0	$0	$0
EDWARD CARBONE	TOURNAMENT DIRECTOR	004.00	Officer Director	$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	$6,738,639	$6,255,613	$347,843	$483,026
2023	$6,164,904	$6,267,481	$1,566,285	$-102,577
2022	$3,500,956	$3,600,966	$370,778	$-100,010
2021	$2,010,263	$1,574,346	$280,724	$435,917
2020	$92,918	$926,011	$341,777	$-833,093
2019	$3,517,851	$3,286,915	$931,198	$230,936
2018	$5,083,202	$4,928,458	$455,703	$154,744

BOCA RATON CHAMPIONS GOLF CHARITIES INC