THORNRIDGE GOLF COURSE (EIN 363302325) - 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

1984

Legal Domicile

Phone

4027613606

Tax Period

2024-01-01 to 2024-12-31

THORNRIDGE GOLF COURSE, founded in 1984, is a small nonprofit in the Recreation & Sports sector that reported $610K in total revenue in fiscal year 2024. Net assets of $2.2M represent 44 months of operating reserves.

Mission

OPERATION OF A COMMUNITY GOLF COURSE

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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 (2024)

Revenue Breakdown

Contributions & Grants $166,440

Program Service Revenue $283,986

Investment Income $47,754

Other Revenue $111,992

TOTAL REVENUE $610,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,476

Fundraising Expenses $0

Program Expenses $649,494

Other Expenses $400,018

TOTAL EXPENSES $649,494

Year-over-Year Comparison

	2024	2023	Change
Revenue	$610,172	$581,132	+0.0%
Expenses	$649,494	$559,344	+0.2%
Net Income	$-39,322	$21,788	-2.8%

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
JASON MAPLE	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE COOKUS	BOARD MEMBER	1.00	Director	$0	$0	$0
ZACH EICHER	SECRETARY	1.00	Director	$0	$0	$0
DEREK MOWINKEL	BOARD MEMBER	1.00	Director	$0	$0	$0
BEAU KINNETT	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRETT MULLER	VICE PRES	1.00	Officer Director	$0	$0	$0
KURT MICHAELIS	TREASURER	4.00	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	$610,172	$649,494	$2,295,881	$-39,322
2023	$581,132	$559,344	$2,171,030	$21,788
2022	$371,503	$581,084	$1,991,244	$-209,581
2021	$681,760	$399,302	$2,200,798	$282,458
2020	$437,251	$330,011	$1,918,241	$107,240
2019	$597,711	$385,977	$1,865,879	$211,734
2018	$305,276	$401,189	$1,681,934	$-95,913

THORNRIDGE GOLF COURSE