NEW JERSEY STATE GOLF ASSOCIATION

EIN: 226046575

KENILWORTH, NJ

Total Revenue
$3,523,212
Total Expenses
$3,140,150
Total Assets
$3,500,706
Net Assets
$2,896,454
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1900
Legal Domicile
NJ
Principal Officer
ROD MCRAE
Phone
9082414653
Tax Period
2024-01-01 to 2024-12-31

NEW JERSEY STATE GOLF ASSOCIATION, founded in 1900, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.1M left a modest 11% surplus.

Mission

FOR THE PURPOSE OF PRESERVING AND PROMOTING THE GAME OF GOLF THROUGHOUT THE STATE OF NEW JERSEY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $24,000
Program Service Revenue $3,356,460
Investment Income $115,086
Other Revenue $27,666
TOTAL REVENUE $3,523,212

Expense Breakdown

Grants Paid $11,890
Salaries & Benefits $1,159,730
Fundraising Expenses $0
Other Expenses $1,968,530
TOTAL EXPENSES $3,140,150

Year-over-Year Comparison

2024 2023 Change
Revenue $3,523,212 $3,227,165 +0.1%
Expenses $3,140,150 $2,753,854 +0.1%
Net Income $383,062 $473,311 -0.2%
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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Governance

Voting Members
17
Independent Members
17
Employees
15
Volunteers
17

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
5
$191,113
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROD MCRAE PRESIDENT 3.00
Officer Director
$0 $0 $0
DAVID CRONHEIM VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
ERIC LUNDBERG TREASURER 3.00
Officer Director
$0 $0 $0
JOSEPH SCHURTZ SECRETARY - FROM 10/1/2024 3.00
Officer Director
$0 $0 $0
LISA LIFER SECRETARY - THRU 10/1/2024 3.00
Director
$0 $0 $0
DON DAVIDSON TRUSTEE 3.00
Director
$0 $0 $0
ANDREW DELVECCHIO TRUSTEE 3.00
Director
$0 $0 $0
VALERIE DEPIRO TRUSTEE 3.00
Director
$0 $0 $0
WILLIAM E FRESE TRUSTEE 3.00
Director
$0 $0 $0
ERIC T HOUSEKNECHT TRUSTEE 3.00
Director
$0 $0 $0
BRIAN R HUNT TRUSTEE 3.00
Director
$0 $0 $0
ALYSON RAMSEY JOHNSON TRUSTEE 3.00
Director
$0 $0 $0
GARFIELD LAYNE TRUSTEE 3.00
Director
$0 $0 $0
DANIEL J MEEHAN TRUSTEE 3.00
Director
$0 $0 $0
WALTER SARTORIUS TRUSTEE 3.00
Director
$0 $0 $0
MATT WIRTHS TRUSTEE 3.00
Director
$0 $0 $0
MICHAEL MCFADDEN FORMER PRESIDENT-2023 3.00
Director
$0 $0 $0
KEVIN PURCELL EXECUTIVE DIRECTOR 40.00
Officer
$175,975 $15,138 $191,113
MICHAEL MCANENY DIRECTOR OF OPERATIONS 40.00
Highest
$130,800 $19,701 $150,501
JEFFREY KNAPP DIRECTOR OF CADDIE SCHOLARSHIP 40.00
Highest
$114,100 $13,279 $127,379
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 $3,523,212 $3,140,150 $3,500,706 $383,062
2023 $3,227,165 $2,753,854 $3,154,971 $473,311
2022 $2,863,389 $2,512,378 $2,735,722 $351,011
2021 $2,408,333 $2,098,673 $1,801,102 $309,660
2020 $2,063,498 $1,853,215 $1,459,816 $210,283
2019 $2,104,989 $2,030,631 $1,323,356 $74,358
2018 $2,052,447 $1,962,275 $1,250,788 $90,172
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