LITCHFIELD GOLF CLUB INC (EIN 410379745) - 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

1951

Legal Domicile

Principal Officer

CARL MINTON

Phone

3206936059

Tax Period

2023-01-01 to 2023-12-31

LITCHFIELD GOLF CLUB INC, founded in 1951, is a micro nonprofit that reported $61K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Net assets of $619K represent 121 months of operating reserves.

Mission

ENHANCE GOLF IN LITCHFIELD MN

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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 $0

Program Service Revenue $28,747

Investment Income $118

Other Revenue $32,529

TOTAL REVENUE $61,394

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,791

Other Expenses $64,353

TOTAL EXPENSES $64,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,394	$66,099	-0.1%
Expenses	$64,353	$62,272	+0.0%
Net Income	$-2,959	$3,827	-1.8%

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

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
JAMIE BREKKE	DIRECTOR	1.00	Director	$0	$0	$0
TANA GOIHL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HICKS	DIRECTOR	1.00	Director	$0	$0	$0
PETER KORMANIK	TREASURER	1.00	Officer Director	$0	$0	$0
JEN KULSER	SECRETARY	1.00	Officer Director	$0	$0	$0
ALLEN LIESTMAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CARL MINTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
NATHAN NELSON	DIRECTOR	1.00	Director	$0	$0	$0
HAL WENAAS	DIRECTOR	1.00	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	$61,394	$64,353	$645,481	$-2,959
2022	$66,099	$62,272	$648,079	$3,827
2021	$92,156	$70,190	$643,704	$21,966
2020	$101,422	$89,425	$638,696	$11,997
2019	$76,519	$105,572	$628,677	$-29,053
2018	$28,233	$58,277	$656,262	$-30,044

LITCHFIELD GOLF CLUB INC