SALEM GOLF CLUB (EIN 340506110) - 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

1952

Legal Domicile

Principal Officer

EWING BUTA

Phone

3303320346

Tax Period

2023-01-01 to 2023-12-31

SALEM GOLF CLUB, founded in 1952, is a micro nonprofit that reported $336K in total revenue in fiscal year 2023. Revenue fell 140% from the prior year — a significant decline worth monitoring.

Mission

THE CLUB'S MISSION IS TO PROVIDE A GOLF COURSE, LOUNGE AND RESTAURANT FOR ITS MEMBERS.

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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 $264,161

Investment Income $-622,516

Other Revenue $22,313

TOTAL REVENUE $-336,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,557

Fundraising Expenses $0

Program Expenses $180,369

Other Expenses $145,812

TOTAL EXPENSES $180,369

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-336,042	$836,815	-1.4%
Expenses	$180,369	$1,241,758	-0.9%
Net Income	$-516,411	$-404,943	+0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EWING BUTA	PRESIDENT	1.00	Officer Director	$0	$0	$0
MAUREEN DICKEY	MEMBERSHIP	1.00	Director	$0	$0	$0
HOWARD FRIEND	MEMBERSHIP	1.00	Director	$0	$0	$0
KIM GOLL	POOL COMMITT	1.00	Director	$0	$0	$0
JOSEPH KILGORE	TREASURER	1.00	Officer Director	$0	$0	$0
TERRY LEEK	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
NEIL MCCLESTER	FINANCE COMM	1.00	Director	$0	$0	$0
BRUCE MELHORN	HOUSE CHAIR	1.00	Director	$0	$0	$0
KAREN SEBO	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES GRUBBS	MEMBERSHIP	1.00		$0	$0	$0
DAVE SOLTESZ	GENERAL MANA	1.00		$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	$-336,042	$180,369	No data	$-516,411
2022	$836,815	$1,241,758	$1,534,268	$-404,943
2021	$1,076,965	$1,224,369	$2,200,626	$-147,404
2020	$1,072,335	$1,188,530	$2,049,247	$-116,195
2020	$1,073,935	$1,337,793	$2,054,846	$-263,858
2019	$1,150,825	$1,371,848	$2,102,519	$-221,023
2019	$1,072,335	$1,188,780	$2,086,938	$-116,445
2018	$1,304,251	$1,355,793	$2,112,651	$-51,542

SALEM GOLF CLUB