GOLF ASSOCIATION OF MICHIGAN (EIN 386105801) - 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

1919

Legal Domicile

Principal Officer

WILLIAM C WHITTEN

Phone

2484789242

Tax Period

2024-04-01 to 2025-03-31

GOLF ASSOCIATION OF MICHIGAN, founded in 1919, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.3M left a modest 10% surplus.

Mission

PROMOTE, PRESERVE AND SERVE AMATEUR GOLF IN MICHIGAN

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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 $5,000

Program Service Revenue $3,271,849

Investment Income $87,305

Other Revenue $241,364

TOTAL REVENUE $3,605,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,259,802

Other Expenses $3,259,801

TOTAL EXPENSES $3,259,801

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,605,518	$3,314,455	+0.1%
Expenses	$3,259,801	$3,231,229	+0.0%
Net Income	$345,717	$83,226	+3.2%

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

250

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

$167,588

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIRECTORVOLUNTEER-SCHL ATTACHED	DIRECTORS	0.50	Director	$0	$0	$0
WILLIAM C WHITTEN	EXECUTIVE DIRECTOR	50.00	Officer	$148,348	$19,240	$167,588

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
2025	$3,605,518	$3,259,801	$3,657,029	$345,717
2024	$3,314,455	$3,231,229	$3,263,732	$83,226
2023	$3,010,470	$2,840,201	$3,180,930	$170,269
2022	$2,575,514	$2,373,065	$2,526,991	$202,449
2021	$2,171,226	$2,019,823	$2,265,379	$151,403
2020	$2,378,711	$2,279,387	$1,728,660	$99,324
2019	$2,389,903	$2,230,086	$1,903,214	$159,817
2018	$2,358,805	$2,260,130	$1,753,970	$98,675

GOLF ASSOCIATION OF MICHIGAN