KENTUCKY GOLF ASSOCIATION INC

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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

1911

Legal Domicile

Principal Officer

PETER KREMER

Phone

5022438295

Tax Period

2024-01-01 to 2024-12-31

KENTUCKY GOLF ASSOCIATION INC, founded in 1911, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2024.

Mission

TO FOSTER, PROMOTE AND ADVANCE THE INTERESTS AND THE TRUE SPIRIT OF THE GAME OF GOLF THROUGHOUT THE COMMONWEALTH OF KENTUCKY, AND IN CONJUNCTION THEREWITH TO LEND ITS COOPERATION AND ASSISTANCE TO THE UNITED STATES GOLF ASSOCIATION, AND TO ENCOURAGE AND CULTIVATE A SPIRIT OF HARMONY AND COOPERATION AMONG GOLF ASSOCIATIONS AND THEIR MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $267,163 Revenue: $64,179

PROVIDE SERVICES AND EDUCATION TO MEMBER CLUBS, HANDICAP SUBSCRIBERS, AND OTHER INTERESTED GOLFERS IN KENTUCKY.

Program 2

Expenses: $494,948 Revenue: $218,400

HOLD, SPONSOR, OR CONDUCT CHAMPIONSHIP GOLF TOURNAMENTS AND EVENTS.

Program 3

Expenses: $324,108 Revenue: $834,595

ADMINISTER THE WORLD HANDICAP SYSTEM AND THE USGA COURSE AND SLOPE RATING SYSTEM OF THE MEMBER CLUBS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,346

Program Service Revenue $1,115,746

Investment Income $7,543

Other Revenue $1,428

TOTAL REVENUE $1,126,063

Expense Breakdown

Grants Paid $2,413

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,086,219

Other Expenses $1,108,651

TOTAL EXPENSES $1,111,064

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,126,063	$1,056,254	+0.1%
Expenses	$1,111,064	$1,041,254	+0.1%
Net Income	$14,999	$15,000	0.0%

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

$183,833

Total Directors

$27,710

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON YARMUTH	DIRECTOR	1.00	Director	$0	$0	$0
ANDY ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
BEN COOKSEY	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY SUTHERLAND	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA POWELL	DIRECTOR	1.00	Director	$0	$0	$0
DAN WILHELM	DIRECTOR	1.00	Director	$0	$0	$0
DAVE NICHOLAS	DIRECTOR	1.00	Director	$0	$0	$0
DEAN TERRY	PRESIDENT	1.00	Officer Director	$1,520	$0	$4,230
DENNIS GEORGE	DIRECTOR	1.00	Director	$990	$0	$4,505
DENVER HADDIX	DIRECTOR	1.00	Director	$0	$0	$0
D'SHAWN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
FRANKLIN STIVERS	DIRECTOR	1.00	Director	$0	$0	$0
GARY BACKLUND	DIRECTOR	1.00	Director	$0	$0	$0
GARY HERFEL	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA CORNELLUS	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA GRACE	DIRECTOR	1.00	Director	$0	$0	$0
JIM ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
JIM SWEENEY	DIRECTOR	1.00	Director	$0	$0	$0
JIM THOMPSON	DIRECTOR	1.00	Director	$0	$0	$2,310
LAURA PATRICK	DIRECTOR	1.00	Director	$0	$0	$0
LEE MAJOR	DIRECTOR	1.00	Director	$0	$0	$0
LESA HODGE	DIRECTOR	1.00	Director	$0	$0	$5,280
MARK ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK KNECT	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA BORDAS	DIRECTOR	1.00	Director	$0	$0	$0
MAX MARLEY	DIRECTOR	1.00	Director	$0	$0	$0
PAUL DOUGLAS	DIRECTOR	1.00	Director	$0	$0	$0
PHIL ARMBRUSTER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PHILIP SCHARDEIN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HOUCHEN	DIRECTOR	1.00	Director	$825	$0	$5,610
STEVE LOVELL	DIRECTOR	1.00	Director	$1,815	$0	$3,300
TOM OLDENDICK	DIRECTOR	1.00	Director	$825	$0	$825
TOM REDDICK	DIRECTOR	1.00	Director	$0	$0	$1,650
TRACY HILLMAN	DIRECTOR	1.00	Director	$0	$0	$0
VON MACKLIN	DIRECTOR	1.00	Director	$0	$0	$0
SALLY MORGAN	EXECUTIVE DIRECTOR	1.00	Officer	$0	$18,009	$179,603

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	$1,126,063	$1,111,064	$283,363	$14,999
2023	$1,056,254	$1,041,254	$242,851	$15,000
2022	$966,825	$951,824	$217,759	$15,001
2021	$818,486	$775,377	$200,391	$43,109
2020	$701,258	$686,258	$124,089	$15,000