THE SPRINGS GOLF ASSOCIATION (EIN 208631697) - 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

2014

Legal Domicile

Principal Officer

GERALD WASWICK

Phone

7016782374

Tax Period

2025-01-01 to 2025-12-31

THE SPRINGS GOLF ASSOCIATION, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $450K in total revenue in fiscal year 2025. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 128% operating deficit.

Mission

THE SPRINGS GOLF COURSE MAINTAINS AND OPERATES A COMMUNITY GOLF COURSE. THE OPERATIONS INCLUDE THAT OF A GOLF COURSE IN ADDTION TO A CLUB HOUSE AND RESTAURANT. ALL ACTIVITIES ARE AIMED T SUPPORT A FAMILY FRIENDLY ENVIRONMENT AND FACILITIES THAT ARE OPEN TO THE PUBLIC.

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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 (2025)

Revenue Breakdown

Contributions & Grants $257,624

Program Service Revenue $191,894

Investment Income $1

Other Revenue $0

TOTAL REVENUE $449,519

Expense Breakdown

Grants Paid $534,918

Salaries & Benefits $200,772

Fundraising Expenses $0

Program Expenses $1,023,779

Other Expenses $288,852

TOTAL EXPENSES $1,024,542

Year-over-Year Comparison

	2025	2024	Change
Revenue	$449,519	$615,444	-0.3%
Expenses	$1,024,542	$676,390	+0.5%
Net Income	$-575,023	$-60,946	+8.4%

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

$1,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD WASWICK	PRESIDENT	2.00	Officer	$1,500	$0	$1,500
DAWN ANDERSON	DIRECTOR	0.50	Director	$0	$0	$0
JEFF ANDERSON	DIRECTOR	0.50	Director	$0	$0	$0
BRYTON CIESYNSKI	DIRECTOR	0.50	Director	$0	$0	$0
MIKE HUETHER	DIRECTOR	0.50	Director	$0	$0	$0
ALEX KOEPKE	DIRECTOR	0.50	Director	$0	$0	$0
KENNY WEIDERHOLT	DIRECTOR	0.50	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
2025	$449,519	$1,024,542	$954,138	$-575,023
2024	$615,444	$676,390	$1,523,753	$-60,946
2023	$692,819	$716,021	$1,586,452	$-23,202
2022	$840,287	$886,715	$1,621,611	$-46,428
2021	$1,201,810	$971,250	$1,655,018	$230,560
2020	$733,842	$738,224	$1,454,291	$-4,382
2019	$646,771	$511,877	$1,446,623	$134,894
2018	$370,282	$326,741	$1,292,544	$43,541

THE SPRINGS GOLF ASSOCIATION