MISSISSIPPI GULF RESORT CLASSIC FOUNDATION INC (EIN 271318782) - 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

2009

Legal Domicile

Principal Officer

ASHLEY COMSTOCK

Phone

2288966365

Tax Period

2023-09-01 to 2024-08-31

MISSISSIPPI GULF RESORT CLASSIC FOUNDATION INC, founded in 2009, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $17K in total revenue in fiscal year 2023. The organization ran a surplus of $14K, a strong 80% operating margin.

Mission

OPERATION OF AN ANNUAL PGA TOUR CHAMPIONS GOLF TOURNAMENT THAT BENEFITS LOCAL CHARITIES ON THE MISSISSIPPI GULF COAST.

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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 $0

Program Service Revenue $0

Investment Income $17,327

Other Revenue $0

TOTAL REVENUE $17,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,546

TOTAL EXPENSES $3,546

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,327	N/A	N/A
Expenses	$3,546	N/A	N/A
Net Income	$13,781	$0	N/A

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

$22,750

Total Directors

$22,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILLY THORNTON	CHAIRMAN	0.50	Officer Director	$0	$0	$0
JONATHAN JONES	MEMBER	0.50	Director	$0	$0	$0
BRANDON DARDEAU	MEMBER	0.50	Director	$0	$0	$0
DIRK BARRIENT	MEMBER	0.50	Director	$0	$0	$0
FRANK BERTUCCI	MEMBER	0.50	Director	$0	$0	$0
JAMES KAIGLER	MEMBER	0.50	Director	$0	$0	$0
ASHLEY COMSTOCK	TOURNAMENT DIRECTOR	0.50	Officer Director	$0	$0	$22,750

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
2025	No data	No data	No data	No data
2024	$17,327	$3,546	$603,476	$13,781
2023	No data	No data	$589,695	No data
2022	$2,768,880	$2,168,024	$818,302	$600,856
2021	$1,047,972	$1,047,972	$344,774	No data
2020	$2,135,570	$2,135,515	$1,127,744	$55
2019	$793,675	$959,851	$139,016	$-166,176
2018	$848,598	$924,676	$63,483	$-76,078

MISSISSIPPI GULF RESORT CLASSIC FOUNDATION INC