Greater Ocean City Golf Association

EIN: 205435422 Community Improvement

Ocean City, MD

Total Revenue
$462,314
Total Expenses
$341,797
Total Assets
$580,245
Net Assets
$487,833
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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
MD
Principal Officer
Walter Brooks
Phone
4102137050
Tax Period
2024-01-01 to 2024-12-31

Greater Ocean City Golf Association, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $462K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $121K, a strong 26% operating margin.

Mission

To promote golf in the Greater Ocean City, MD area helping the area grow and become a desired golf destination.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $462,314
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $462,314

Expense Breakdown

Grants Paid $0
Salaries & Benefits $123,554
Fundraising Expenses $0
Other Expenses $218,243
TOTAL EXPENSES $341,797

Year-over-Year Comparison

2024 2023 Change
Revenue $462,314 $527,183 -0.1%
Expenses $341,797 $395,705 -0.1%
Net Income $120,517 $131,478 -0.1%
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

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Governance

Voting Members
11
Independent Members
11
Employees
2
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
0
$0
Total Directors
0
$0
Key Employees
1
$90,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Walter Brooks Managing Director 40.00
Key Emp
$90,000 $0 $90,000
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 $462,314 $341,797 $580,245 $120,517
2023 $527,183 $395,705 $444,908 $131,478
2022 $560,085 $410,343 $239,199 $149,742
2021 $480,917 $405,108 $89,597 $75,809
2020 $493,167 $516,762 $14,242 $-23,595
2019 $691,408 $669,632 $55,826 $21,776
2018 $599,801 $654,440 $42,669 $-54,639
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