DADE AMATEUR GOLF ASSOCIATIONINC

EIN: 237069300 501(c)(3)

MIAMI LAKES, FL

Total Revenue
$2,101,315
Total Expenses
$1,203,301
Total Assets
$2,660,565
Net Assets
$949,764
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
FL
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".

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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 (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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
3
Employees
15
Volunteers
30

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
4
$146,100
Total Directors
6
$81,900
Key Employees
0
$0
Highest Compensated
0
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
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