CHICAGO DISTRICT GOLF ASSOCIATION

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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

1935

Legal Domicile

Principal Officer

ROBERT MARKIONNI

Phone

6302572005

Tax Period

2023-12-01 to 2024-11-30

CHICAGO DISTRICT GOLF ASSOCIATION, founded in 1935, is a community nonprofit that reported $8.4M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

THE CHICAGO DISTRICT GOLF ASSOCIATION IS PRIMARILY ENGAGED IN FOSTERING, PROMOTING, AND ADVANCING THE GAME OF GOLF AND ITS ATTENDANT CIVIC, CHARITABLE, AND ATHLETIC ASPECTS AND PURPOSES THROUGHOUT ILLINOIS AND PARTS OF INDIANA, WISCONSIN AND MICHIGAN.

Program Service Accomplishments

Program 1

Expenses: $4,233,639 Revenue: $4,903,435

PROVIDES MEMBER BENEFITS TO MEMBER CLUBS AND INDIVIDUAL GOLFERS IN ILLINOIS AND PARTS OF INDIANA, WISCONSIN AND MICHIGAN. INCLUDES APPROXIMATELY 112,000 MEMBER GOLFERS AND 415 MEMBER CLUBS.

Program 2

Expenses: $619,074 Revenue: $616,654

SPONSORS AND CONDUCT MORE THAN 34 TOURNAMENTS FOR AMATEUR GOLFERS AT MEMBER GOLF COURSES.

Program 3

Expenses: $1,299,697 Revenue: $1,275,951

OTHER PROGRAM SERVICES INCLUDING TURF GRASS RESEARCH, GOLF COURSE RATINGS, EDUCATIONAL SEMINARS, GOLF TRIPS, AND SCHOLARSHIPS.

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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 $540,421

Program Service Revenue $7,576,564

Investment Income $252,791

Other Revenue $0

TOTAL REVENUE $8,369,776

Expense Breakdown

Grants Paid $61,557

Salaries & Benefits $3,472,299

Fundraising Expenses $260,120

Program Expenses $6,152,410

Other Expenses $4,638,411

TOTAL EXPENSES $8,172,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,369,776	$6,813,133	+0.2%
Expenses	$8,172,267	$6,849,487	+0.2%
Net Income	$197,509	$-36,354	-6.4%

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

130

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

$164,109

Total Directors

Key Employees

$283,464

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK DOWDLE	GOVERNOR	1.00	Director	$0	$0	$0
DAVID RATHGEBER	GENERAL COUNSEL	1.00	Officer Director	$0	$0	$0
MICHAEL SHARKEY	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE NASS	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL A FATES	FIRST VP	1.00	Officer Director	$0	$0	$0
DEBBIE VANSISTINE	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM INGLESE	GOVERNOR	1.00	Director	$0	$0	$0
SCOTT COLDIRON	GOVERNOR	1.00	Director	$0	$0	$0
JOHN CHILDERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
RONNIE OAKES	GOVERNOR	1.00	Director	$0	$0	$0
AL BROWN	GOVERNOR	1.00	Director	$0	$0	$0
LINDY EDMUND	GOVERNOR	1.00	Director	$0	$0	$0
DWIGHT ERSKINE	VICE PRESIDENT AT LARGE	1.00	Officer Director	$0	$0	$0
AL REID	GOVERNOR	1.00	Director	$0	$0	$0
THOMAS GEHR	GOVERNOR	1.00	Director	$0	$0	$0
JOHN DONOFRIO	GOVERNOR	1.00	Director	$0	$0	$0
BILL CALLAHAN	VICE PRESIDENT AT LARGE	1.00	Officer Director	$0	$0	$0
WILLIAM LOEB	GOVERNOR	1.00	Director	$0	$0	$0
KEVIN O'CONNOR	GOVERNOR	1.00	Director	$0	$0	$0
WARD HAMM	SECOND VP	1.00	Officer Director	$0	$0	$0
JOE SALIERNO	GOVERNOR	1.00	Director	$0	$0	$0
EDWARD W MULCAHY	GOVERNOR	1.00	Director	$0	$0	$0
KEN URBASZEWSKI	GOVERNOR	1.00	Director	$0	$0	$0
GEORGE P JAMESON	GOVERNOR	1.00	Director	$0	$0	$0
MARK BRACKETT	GOVERNOR	1.00	Director	$0	$0	$0
BILL FRASER	GOVERNOR	1.00	Director	$0	$0	$0
JOHN HAMMOND	GOVERNOR	1.00	Director	$0	$0	$0
GREGORY J GRYGIEL	GOVERNOR	1.00	Director	$0	$0	$0
RAVI DUTT	DIRECTOR OF ACCOUNTING	35.00	Officer	$134,964	$29,145	$164,109
ROBERT MARKIONNI	EXECUTIVE DIRECTOR	1.00	Key Emp	$260,115	$23,349	$283,464
ANDREW LOUTHAIN	SENIOR MANAGING DIRECTOR,	38.00	Highest	$108,380	$37,144	$145,524
JODI CIOTTI	SR MANAGING DIRECTOR, MEMB	40.00	Highest	$114,999	$36,219	$151,218
KEVIN BLUMETHAL	SENIOR DIRECTOR OF INFORMATION	38.00	Highest	$110,469	$22,556	$133,025
DEREK SETTLE	SR DIRECTOR OF TURFGRASS P	40.00	Highest	$125,726	$16,990	$142,716
MICHAEL GILLIGAN	SENIOR BUSINESS DEVELOPMEN	38.00	Highest	$139,295	$40,000	$179,295

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	$8,369,776	$8,172,267	$13,747,896	$197,509
2023	$6,813,133	$6,849,487	$12,472,732	$-36,354
2022	$6,122,099	$6,006,939	$11,374,477	$115,160
2021	$5,446,204	$4,349,749	$10,835,178	$1,096,455
2020	$4,449,427	$3,928,660	$9,385,376	$520,767
2019	$4,384,328	$3,976,412	$8,747,252	$407,916
2018	$3,778,227	$3,541,325	$7,694,404	$236,902