SPRING LAKE GOLF CLUB SCHOLARSHIP FUND INC (EIN 222802134) - 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

1974

Legal Domicile

Principal Officer

KEVIN P BORMIDA

Phone

7324498100

Tax Period

2023-01-01 to 2023-12-31

SPRING LAKE GOLF CLUB SCHOLARSHIP FUND INC, founded in 1974, is a micro nonprofit that reported $93K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $103K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS TO CADDIES OF SPRING LAKE GOLF CLUB.

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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 (2023)

Revenue Breakdown

Contributions & Grants $80,600

Program Service Revenue $0

Investment Income $11,920

Other Revenue $0

TOTAL REVENUE $92,520

Expense Breakdown

Grants Paid $102,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $102,000

Other Expenses $903

TOTAL EXPENSES $102,903

Year-over-Year Comparison

	2023	2022	Change
Revenue	$92,520	$75,618	+0.2%
Expenses	$102,903	$92,007	+0.1%
Net Income	$-10,383	$-16,389	-0.4%

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

N/A

Volunteers

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS L ROGERS	PRESIDENT	0.50	Officer Director	$0	$0	$0
PETER J KENNY	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
W PETER RAGAN SR	SECRETARY	0.50	Officer Director	$0	$0	$0
KEVIN P BORMIDA	TREASURER	0.50	Officer 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
2024	No data	No data	No data	No data
2023	$92,520	$102,903	$462,399	$-10,383
2022	$75,618	$92,007	$423,760	$-16,389
2021	$88,864	$90,599	$566,546	$-1,735
2020	$103,074	$63,635	$511,463	$39,439
2019	$61,606	$39,675	$424,518	$21,931
2018	$66,424	$53,170	$350,511	$13,254

SPRING LAKE GOLF CLUB SCHOLARSHIP FUND INC