RHODE ISLAND GOLF ASSOCIATION (EIN 222500471) - 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

1902

Legal Domicile

Principal Officer

ROBERT WARD

Phone

4012721350

Tax Period

2024-11-01 to 2024-12-31

RHODE ISLAND GOLF ASSOCIATION, founded in 1902, is a micro nonprofit in the Recreation & Sports sector that reported $31K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $150K exceeded revenue, resulting in a 382% operating deficit.

Mission

ORGANIZATION WAS FORMED TO PROMOTE AND ADVANCE THE GAME OF GOLF IN THE STATE OF RHODE ISLAND THROUGH CONDUCTING AMATEUR GOLF TOURNAMENTS AND RELATED ACTIVITIES, AS WELL AS TO PROVIDE EDUCATIONAL OPPORTUNITIES RELATED TO THE SPORT FOR MEN, WOMEN AND YOUTH.

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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 $24,000

Program Service Revenue $3,149

Investment Income $4,053

Other Revenue $0

TOTAL REVENUE $31,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,919

Fundraising Expenses $0

Program Expenses $121,218

Other Expenses $58,479

TOTAL EXPENSES $150,398

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,202	$1,491,091	-1.0%
Expenses	$150,398	$1,519,474	-0.9%
Net Income	$-119,196	$-28,383	+3.2%

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

$142,725

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EJ WHOLEY	SECRETARY	1.00	Officer	$0	$0	$0
DR MICHAEL M GOODING	PRESIDENT	1.00	Officer	$0	$0	$0
DAVID RAMPONE	2ND VICE PRESIDENT	1.00	Officer	$0	$0	$0
DENNIS B TRIPODI	TREASURER	1.00	Officer	$0	$0	$0
ROBERT WARD	EXECUTIVE DIRECTOR	40.00	Officer	$142,725	$0	$142,725
JOSEPH V NAPOLI	1ST VICE PRESIDENT	1.00	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
2024	$31,202	$150,398	$748,742	$-119,196
2024	$1,491,091	$1,519,474	$925,111	$-28,383
2023	$1,341,473	$1,348,042	$919,026	$-6,569
2022	$1,357,512	$1,252,437	$855,116	$105,075
2021	$1,236,632	$1,160,748	$796,639	$75,884
2020	$1,105,181	$998,946	$679,765	$106,235
2019	$1,113,242	$1,082,946	$593,196	$30,296
2018	$1,097,184	$1,082,297	$578,171	$14,887

RHODE ISLAND GOLF ASSOCIATION