Greater Ocean City Golf Association

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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

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.

Program Service Accomplishments

Program 1

The organization promotes and markets golf in the Greater Ocean City, MD area. The organization places ads in regional and national publications to achieve its purpose. Additionally the organization...

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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 (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

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

Total Directors

Key Employees

$90,000

Highest Compensated

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