GOLF ASSOCIATION OF PHILADELPHIA (EIN 231303024) - 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

1963

Legal Domicile

Principal Officer

P EDWARD LOVELIDGE

Phone

6106872340

Tax Period

2023-12-01 to 2024-11-30

GOLF ASSOCIATION OF PHILADELPHIA, founded in 1963, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $6.8M left a modest 10% surplus.

Mission

PROMOTE GOLFING COMPETITION

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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 $46,065

Program Service Revenue $6,375,282

Investment Income $81,652

Other Revenue $1,068,395

TOTAL REVENUE $7,571,394

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,268,083

Fundraising Expenses $0

Other Expenses $3,562,977

TOTAL EXPENSES $6,831,060

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,571,394	$6,910,771	+0.1%
Expenses	$6,831,060	$5,705,625	+0.2%
Net Income	$740,334	$1,205,146	-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

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

$413,205

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH A PHILLIPS	PRESIDENT	5.00	Officer Director	$0	$0	$0
JEFFREY B AMBRISTER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MEGHAN A ADAMS	SECRETARY	5.00	Officer Director	$0	$0	$0
P EDWARD LOVELIDGE	TREASURER	5.00	Officer Director	$0	$0	$0
JEFFREY S HENDERSON	GENERAL GOUNSEL	5.00	Director	$0	$0	$0
JACQUELINE F BECK	EXECUTIVE COMMITTEE	5.00	Director	$0	$0	$0
JAMES J BLACK III	EXECUTIVE COMMITTEE	5.00	Director	$0	$0	$0
ADAM BRACY	EXECUTIVE COMMITTEE	5.00	Director	$0	$0	$0
JAMES A COLLINS	EXECUTIVE COMMITTEE	5.00	Director	$0	$0	$0
DREW W GARIS	EXECUTIVE COMMITTEE	5.00	Director	$0	$0	$0
DAVID KORNBLATT	EXECUTIVE COMMITTEE	5.00	Director	$0	$0	$0
MICHAEL H LEWERS	EXECUTIVE COMMITTEE	5.00	Director	$0	$0	$0
TRACEY S MACGOWN	EXECUTIVE COMMITTEE	5.00	Director	$0	$0	$0
LARRY MCCLURE	EXECUTIVE COMMITTEE	5.00	Director	$0	$0	$0
GLENN D MEYER	EXECUTIVE COMMITTEE	5.00	Director	$0	$0	$0
JACK WALLACE	EXECUTIVE COMMITTEE	5.00	Director	$0	$0	$0
TINA S GREGOR	EXECUTIVE COMMITTEE	5.00	Director	$0	$0	$0
MARYANN WATSON	EXECUTIVE COMMITTEE	5.00	Director	$0	$0	$0
MARK E PETERSON	EXECUTIVE DIRECTOR	40.00	Key Emp	$388,963	$24,242	$413,205
MARIO MACHI	ASSISTANT EXICUTIVE DIRECT	40.00	Highest	$176,705	$14,654	$191,359
WILLIAM WALKER	IAGA	40.00	Highest	$133,462	$1,125	$134,587
MARTIN EMENO	DIRECTOR OF OPERATIONS	40.00	Highest	$140,885	$9,305	$150,190
KIRBY MARTIN	DIRECTOR OF COMPETITIONS	40.00	Highest	$135,060	$15,242	$150,302
STEVEN LATOS	DIRECTOR OF MEMBER SERVICES	40.00	Highest	$128,648	$7,901	$136,549

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	$7,571,394	$6,831,060	$4,626,439	$740,334
2023	$6,910,771	$5,705,625	$2,580,933	$1,205,146
2022	$5,452,569	$5,801,894	$1,051,653	$-349,325
2021	$3,722,526	$3,514,088	$1,548,491	$208,438
2020	$2,891,694	$2,714,562	$1,349,312	$177,132
2019	$2,971,551	$3,038,620	$1,169,719	$-67,069
2018	$2,724,294	$2,668,502	$1,095,781	$55,792

GOLF ASSOCIATION OF PHILADELPHIA