INDIANA GOLF ASSOCIATION INC (EIN 352015534) - 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

1900

Legal Domicile

Principal Officer

MICHAEL L DAVID

Phone

8007797271

Tax Period

2023-01-01 to 2023-12-31

INDIANA GOLF ASSOCIATION INC, founded in 1900, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 11% surplus.

Mission

TO PROMOTE THE SPORT OF 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $27,000

Program Service Revenue $1,368,924

Investment Income $3,753

Other Revenue $18,950

TOTAL REVENUE $1,418,627

Expense Breakdown

Grants Paid $50,500

Salaries & Benefits $617,847

Fundraising Expenses $0

Other Expenses $587,730

TOTAL EXPENSES $1,256,077

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,418,627	$1,214,473	+0.2%
Expenses	$1,256,077	$1,036,337	+0.2%
Net Income	$162,550	$178,136	-0.1%

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

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

$256,156

Total Directors

$256,156

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL L DAVID	EXECUTIVE DIRECTOR	50.00	Officer Director	$221,783	$34,373	$256,156
BOB JACOBS	DIRECTOR	2.00	Director	$0	$0	$0
BRETT WINDER	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN MUELHAUS	DIRECTOR	2.00	Director	$0	$0	$0
DEREK MOORE	DIRECTOR	2.00	Director	$0	$0	$0
JAY DIXON	DIRECTOR	2.00	Director	$0	$0	$0
JAY SMITH	DIRECTOR	2.00	Director	$0	$0	$0
JON KELLEY	DIRECTOR	2.00	Director	$0	$0	$0
LARRY FESTA	DIRECTOR	2.00	Director	$0	$0	$0
LISA COOK	DIRECTOR	2.00	Director	$0	$0	$0
MIKE HARDING	DIRECTOR	2.00	Director	$0	$0	$0
PAUL MCAULLIFFE	DIRECTOR	2.00	Director	$0	$0	$0
PHIL POTTER	DIRECTOR	2.00	Director	$0	$0	$0
RYAN MYERS	DIRECTOR	2.00	Director	$0	$0	$0
TED STAUFFER	DIRECTOR	2.00	Director	$0	$0	$0
SKIP RUNNELS	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE BAKER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LYNNE DAMER	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
BRAD HARDIN	PAST PRESIDENT	2.00	Officer 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	$1,418,627	$1,256,077	$975,641	$162,550
2022	$1,214,473	$1,036,337	$809,980	$178,136
2021	$1,125,367	$1,048,230	$632,267	$77,137
2020	$1,039,486	$891,876	$555,775	$147,610
2019	$950,604	$867,179	$407,784	$83,425
2018	$927,740	$894,948	$323,848	$32,792

INDIANA GOLF ASSOCIATION INC