THE CAROL S PETREA YOUTH GOLF FOUNDATION INC

EIN: 270106935 501(c)(3) Recreation & Sports

SHALLOTTE, NC

Total Revenue
$440,137
Total Expenses
$545,872
Total Assets
$2,255,887
Net Assets
$2,073,717
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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
2004
Legal Domicile
NC
Principal Officer
TERRY BOLDT
Phone
9107545288
Tax Period
2022-01-01 to 2022-12-31

THE CAROL S PETREA YOUTH GOLF FOUNDATION INC, founded in 2004, is a small nonprofit in the Recreation & Sports sector that reported $440K in total revenue in fiscal year 2022. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $546K exceeded revenue, resulting in a 24% operating deficit.

Mission

PROVIDE GOLF EDUCATION AND CHARACTER MENTORING PROGRAMS TO CHILDREN IN SOUTHEASTERN NORTH CAROLINA AND NORTHEASTERN SOUTH CAROLINA THROUGH IN- SCHOOL, AFTER-SCHOOL, SATURDAY SUMMER PROGRAMS, AND VARIOUS COMPETITIVE PLAYING OPPORTUNITIES.

Program Service Accomplishments

Program 1
Expenses: $144,246

PROVIDE INSTRUCTION AND MENTORING TO YOUTH AT GOLF COURSE LOCATIONS FROM THE GRAND STRAND OF SC TO THE CRYSTAL COAST OF NC.

Program 2
Expenses: $71,850

THE ORGANIZATION OPERATES THE CAROLINAS LEADERSHIP ADVENTURE OFFERING A DAY-CAMP LEARNING EXPERIENCE BASED ON CHARACTER DEVELOPMENT, CORE VALUES, LIFE SKILLS, LEADERSHIP AND CITIZENSHIP.

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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 (2022)

Revenue Breakdown

Contributions & Grants $377,873
Program Service Revenue $55,641
Investment Income $319
Other Revenue $6,304
TOTAL REVENUE $440,137

Expense Breakdown

Grants Paid $0
Salaries & Benefits $305,682
Fundraising Expenses $84,156
Program Expenses $216,096
Other Expenses $240,190
TOTAL EXPENSES $545,872

Year-over-Year Comparison

2022 2021 Change
Revenue $440,137 $677,340 -0.4%
Expenses $545,872 $592,429 -0.1%
Net Income $-105,735 $84,911 -2.2%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
12
Volunteers
154

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
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES HOOVER BOARD MEMBER N/A
Director
$0 $0 $0
RUSS YARROW VICE CHAIR N/A
Officer Director
$0 $0 $0
TOM PLANKERS BOARD MEMBER N/A
Director
$0 $0 $0
JIM BELVIN BOARD MEMBER N/A
Director
$0 $0 $0
TERRY BOLDT CHAIR N/A
Officer Director
$0 $0 $0
CHARLES LUSK TREASURER N/A
Officer Director
$0 $0 $0
MIKE KOTHE BOARD MEMBER N/A
Director
$0 $0 $0
CHARLIE DEIGERT BOARD MEMBER N/A
Director
$0 $0 $0
REBECCA ALBIN GIBSON SECRETARY N/A
Officer Director
$0 $0 $0
BILL GOLDEN 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
2023 No data No data No data No data
2022 $440,137 $545,872 $2,255,887 $-105,735
2021 $677,340 $592,429 $2,368,815 $84,911
2020 $386,871 $515,430 $2,315,811 $-128,559
2019 $772,953 $555,496 $2,383,153 $217,457
2018 $505,267 $518,879 $2,124,182 $-13,612
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