MANKATO GOLF CLUB INC

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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

DAVE TORBENSON

Phone

5073875676

Tax Period

2024-11-01 to 2025-10-31

MANKATO GOLF CLUB INC, founded in 1951, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Expenses of $3.2M left a modest 7% surplus.

Mission

To operate a quality golf/social club for the enjoyment and recreation of members and guests.

Program Service Accomplishments

Program 1

THE CLUB OPERATES AN 18 HOLE GOLF COURSE WITH A CLUBHOUSE EQUIPPED FOR FINE DINING AND RECREATION. IT ALSO OPERATES A GOLF SHOP WHICH SELLS GOLF EQUIPMENT AND APPAREL, RENTS GOLF CARS, PROVIDES...

THE CLUB OPERATES AN 18 HOLE GOLF COURSE WITH A CLUBHOUSE EQUIPPED FOR FINE DINING AND RECREATION. IT ALSO OPERATES A GOLF SHOP WHICH SELLS GOLF EQUIPMENT AND APPAREL, RENTS GOLF CARS, PROVIDES STORAGE OF GOLF EQUIPMENT AND OTHER SERVICES FOR MEMBERS. THE CLUB HAD 546 MEMBERS FOR THE FISCAL YEAR ENDED OCTOBER 31, 2025.

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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 $79

Program Service Revenue $2,076,018

Investment Income $64,870

Other Revenue $1,299,716

TOTAL REVENUE $3,440,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,003,366

Fundraising Expenses $0

Other Expenses $1,180,758

TOTAL EXPENSES $3,184,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,440,683	$3,309,219	+0.0%
Expenses	$3,184,124	$3,038,985	+0.0%
Net Income	$256,559	$270,234	-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

128

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

$252,784

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE TORBENSON	General Manager	40.00	Officer	$162,727	$10,036	$172,763
CALLI RODE	Secretary	40.00	Officer	$61,981	$18,040	$80,021
BOB WALDRON	President	1.00	Officer Director	$0	$0	$0
BRIAN CORBETT	Vice President	1.00	Officer Director	$0	$0	$0
SANDI JESSEN	Director	1.00	Director	$0	$0	$0
PETER ROTH	Director	1.00	Director	$0	$0	$0
DAN KVASNICKA	Director	1.00	Director	$0	$0	$0
STEVE OLSON	Director	1.00	Director	$0	$0	$0
MATT NEWMAN	Director	1.00	Director	$0	$0	$0
TROY BARNES	Director	1.00	Director	$0	$0	$0
DAVE BRUGGEMAN	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
2025	$3,440,683	$3,184,124	$4,871,597	$256,559
2024	$3,309,219	$3,038,985	$4,658,804	$270,234
2023	$3,027,033	$2,895,772	$4,306,992	$131,261
2022	$2,849,134	$2,688,653	$4,177,340	$160,481
2021	$3,509,919	$2,466,210	$4,067,875	$1,043,709
2020	$2,671,973	$2,364,364	$2,968,626	$307,609
2019	$2,639,663	$2,475,340	$2,861,475	$164,323
2018	$2,572,202	$2,432,934	$2,848,936	$139,268