COLFAX GOLF COURSE FOUNDATION

EIN: 205881774 501(c)(3) Recreation & Sports

COLFAX, WA

Total Revenue
$213,915
Total Expenses
$262,303
Total Assets
$158,214
Net Assets
$158,214
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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
WA
Tax Period
2022-01-01 to 2022-12-31

COLFAX GOLF COURSE FOUNDATION, founded in 2006, is a small nonprofit in the Recreation & Sports sector that reported $214K in total revenue in fiscal year 2022. Revenue surged 184% from the prior year, signaling strong growth momentum. Expenses of $262K exceeded revenue, resulting in a 23% operating deficit.

Mission

RAISE FUNDS FOR FACILITY IMPROVEMENTS OF COLFAX GOLF COURSE AND JUNIOR GOLF COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $213,915
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $213,915

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $262,303
Other Expenses $262,303
TOTAL EXPENSES $262,303

Year-over-Year Comparison

2022 2021 Change
Revenue $213,915 $75,222 +1.8%
Expenses $262,303 $478 +547.8%
Net Income $-48,388 $74,744 -1.6%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ED GLASER EXECUTIVE DIRECTOR 0.00
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
2022 $213,915 $262,303 $158,214 $-48,388
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