DADE AMATEUR GOLF ASSOCIATIONINC

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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

1968

Legal Domicile

Principal Officer

CHARLES DE LUCCA III

Phone

3056334583

Tax Period

2023-01-01 to 2023-12-31

DADE AMATEUR GOLF ASSOCIATIONINC, founded in 1968, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $898K, a strong 43% operating margin.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS : DEDICATION TO THE PROGRESS OF AMATEUR GOLF AND FURTHERING THE IDEALS AND COMPETITIVE NATURE OF THE SPORT. TO PROMOTE, ENCOURAGE AND FOSTER GOOD FELLOWSHIP AND FRIENDLY COMPETITION AMONG THE MEMBERS. TO PROMOTE AND ENCOURAGE THE PURSUIT OF MENTAL AND PHYSICAL WELL BEING OF ITS MEMBERS. TO PROMOTE AND ENCOURAGE BETTER UNDERSTANDING AMONG THE MEMBERS AND THE GENERAL PUBLIC AS TO THE PROPER USE OF GOLF FACILITIES, BOTH PUBLIC AND PRIVATE. TO PROMOTE, ENCOURAGE AND EDUCATE ITS MEMBERS AND THE PUBLIC IN THE PRINCIPLES OF FAIR PLAY AND GOLFING ETIQUETTE. TO PROMOTE, ENCOURAGE AND CONDUCT AMATEUR GOLF TOURNAMENTS. THE ORGANIZATION'S OFFICIAL MOTTO IS "HELPING YOUTH THROUGH GOLF".

Program Service Accomplishments

Program 1

Expenses: $212,109

DORAL PUBLIC JUNIOR CLASSIC: MAJOR JUNIOR GOLF TOURNAMENT; OVER 500 CONTESTANTS FOR 6 AGE GROUPS OF BOYS AND GIRLS; AT DORAL COUNTRY CLUB; DURING CHRISTMAS VACATION.

Program 2

Expenses: $87,018

OPERATION OF FIRST TEE OF MIAMI FACILITIES AND RELATED ACTIVITIES.

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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 $1,724,242

Program Service Revenue $401,771

Investment Income $-25,993

Other Revenue $1,295

TOTAL REVENUE $2,101,315

Expense Breakdown

Grants Paid $2,450

Salaries & Benefits $346,552

Fundraising Expenses $0

Program Expenses $758,495

Other Expenses $854,299

TOTAL EXPENSES $1,203,301

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,101,315	$1,723,081	+0.2%
Expenses	$1,203,301	$1,109,563	+0.1%
Net Income	$898,014	$613,518	+0.5%

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

$146,100

Total Directors

$81,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES DE LUCCA III	PRESIDENT	30.00	Officer	$76,500	$0	$76,500
JOHN REED	VP, DIRECTOR	30.00	Officer Director	$64,900	$0	$64,900
MICHAEL STERN	DIRECTOR	30.00	Director	$12,300	$0	$12,300
CARLOS VELEZ	SECRETARY, D	10.00	Officer Director	$4,700	$0	$4,700
JOEL FURNARI	DIRECTOR	N/A	Director	$0	$0	$0
ANDY MIGUEL	TREASURER, D	N/A	Officer Director	$0	$0	$0
MICHAEL TONINO	DIRECTOR	N/A	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	$2,101,315	$1,203,301	$2,660,565	$898,014
2022	$1,723,081	$1,109,563	$2,278,642	$613,518
2021	$957,944	$809,658	$1,822,582	$148,286
2020	$1,059,775	$1,058,053	$1,867,668	$1,722
2019	$1,092,901	$1,200,142	$1,610,486	$-107,241
2018	$1,141,602	$1,377,337	$1,567,831	$-235,735