INDIANA GOLF FOUNDATION INC (EIN 352145820) - 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

1993

Legal Domicile

Principal Officer

MICHAEL DAVID

Phone

8007797271

Tax Period

2023-01-01 to 2023-12-31

INDIANA GOLF FOUNDATION INC, founded in 1993, is a community nonprofit in the Recreation & Sports sector that reported $2.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.0M, a strong 36% operating margin.

Mission

TO PROMOTE 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 $2,226,200

Program Service Revenue $499,994

Investment Income $90,147

Other Revenue $5,489

TOTAL REVENUE $2,821,830

Expense Breakdown

Grants Paid $41,655

Salaries & Benefits $703,057

Fundraising Expenses $184,576

Program Expenses $1,415,520

Other Expenses $1,060,059

TOTAL EXPENSES $1,804,771

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,821,830	$2,571,095	+0.1%
Expenses	$1,804,771	$1,499,727	+0.2%
Net Income	$1,017,059	$1,071,368	-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

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

$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	25.00	Officer Director	$0	$34,373	$256,156
BRIAN HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
DAN ROSS	DIRECTOR	2.00	Director	$0	$0	$0
JEFF ABRAMS	DIRECTOR	2.00	Director	$0	$0	$0
JEFF GREENBERG	DIRECTOR	2.00	Director	$0	$0	$0
JOHN COHOAT	DIRECTOR	2.00	Director	$0	$0	$0
JOJO GENTRY	DIRECTOR	2.00	Director	$0	$0	$0
JOSHUA SHELTON	DIRECTOR	2.00	Director	$0	$0	$0
LYNNE DAMER	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL SOLARI	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK WHITE	DIRECTOR	2.00	Director	$0	$0	$0
STEVE BAKER	DIRECTOR	2.00	Director	$0	$0	$0
STEVE STERRETT	DIRECTOR	2.00	Director	$0	$0	$0
TRAVIS BROWN	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM BARKIMER	DIRECTOR	2.00	Director	$0	$0	$0
GINA GIACONE	PRESIDENT	2.00	Officer Director	$0	$0	$0
JACK TANSELLE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHARLIE SCHUYLER	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
THAD MILLER	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	$2,821,830	$1,804,771	$5,435,792	$1,017,059
2022	$2,571,095	$1,499,727	$4,535,696	$1,071,368
2021	$1,937,652	$1,967,177	$3,545,687	$-29,525
2020	$1,563,798	$1,046,536	$3,497,538	$517,262
2019	$1,212,051	$1,209,830	$2,741,878	$2,221
2018	$1,150,563	$1,078,422	$3,377,607	$72,141

INDIANA GOLF FOUNDATION INC