HARMONY 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

1972

Legal Domicile

Principal Officer

JERRY SCHUCK

Phone

5078865622

Tax Period

2020-01-01 to 2020-12-31

HARMONY GOLF CLUB INC, founded in 1972, is a small nonprofit that reported $162K in total revenue in fiscal year 2020. Revenue decreased 10% compared to the prior year. Expenses of $153K left a modest 5% surplus.

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE A QUALITY GOLF CLUB AT AN AFFORDABLE COST TO THE PUBLIC IN A SPARSELY POPULATED AREA. THE ORGANIZATION RAISES REVENUES PRIMARILY FROM MEMBERSHIP DUES, GREEN FEES, CART RENTALS, AND BAR AND KITCHEN SALES.

Program Service Accomplishments

Program 1

Expenses: $137,642

153 GOLF MEMBERSHIPS WERE SOLD IN 2020. THIS NUMBER WAS AN INCREASE OF 1 MEMBERSHIP OVER THE PRIOR YEAR. OTHER REVENUES SUCH AS CART RENTAL AND GREEN FEES INCREASED OVER THE PRIOR YEAR, HOWEVER...

153 GOLF MEMBERSHIPS WERE SOLD IN 2020. THIS NUMBER WAS AN INCREASE OF 1 MEMBERSHIP OVER THE PRIOR YEAR. OTHER REVENUES SUCH AS CART RENTAL AND GREEN FEES INCREASED OVER THE PRIOR YEAR, HOWEVER KITCHEN AND BAR REVENUES DECREASED WHEN COMPARED TO THE PRIOR YEAR. WE ATTRIBUTE BOTH OF THESE FACTORS TO THE COVID-19 EPIDEMIC. THE ORGANIZATION PROVIDED A QUALITY GOLF EXPERIENCE FOR THE COMMUNITY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $79,719

Program Service Revenue $51,386

Investment Income $2

Other Revenue $31,132

TOTAL REVENUE $162,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,415

Fundraising Expenses $0

Program Expenses $137,642

Other Expenses $96,034

TOTAL EXPENSES $153,449

Year-over-Year Comparison

	2020	2019	Change
Revenue	$162,239	$179,563	-0.1%
Expenses	$153,449	$147,029	+0.0%
Net Income	$8,790	$32,534	-0.7%

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
ANDY BATSTONE	DIRECTOR	1.00	Director	$0	$0	$0
DAN DORNICK	SECRETARY-TR	2.00	Officer Director	$0	$0	$0
BRANDON HOFF	DIRECTOR	1.00	Director	$0	$0	$0
BOB MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JERRY SCHUCK	PRESIDENT	2.00	Officer Director	$0	$0	$0
SCOTT TROUTEN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
RON VIKRE	DIRECTOR	2.00	Director	$0	$0	$0
JIM WESTBY	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
2020	$162,239	$153,449	$223,463	$8,790
2019	$179,563	$147,029	$236,973	$32,534