MINNESOTA GOLF ASSOCIATION FOUNDATION (EIN 411888262) - 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

1997

Legal Domicile

Principal Officer

TOM SMITH

Phone

9529274643

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA GOLF ASSOCIATION FOUNDATION, founded in 1997, is a small nonprofit in the Education sector that reported $864K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $258K, a strong 30% operating margin.

Mission

USE GOLF TO DO GOOD. REGARDLESS OF BACKGROUND OR ABILITY, EVERY INDIVIDUAL SHOULD HAVE ACCESS TO THE LIFE-CHANGING BENEFITS OF THE GREATEST GAME IN THE WORLD. WE WANT TO SHARE GOLF WITH EVERYONE. THE FOUNDATION USES GOLF TO CHANGE LIVES. PROGRAMS INCLUDE YOUTH ON COURSE, CADDIE DEVELOPMENT, TWO HIGHER EDUCATION SCHOLARSHIPS, AND ADAPTIVE GOLF SERVICE TO BREAK DOWN BARRIERS THAT WOULD OTHERWISE INHIBIT PARTICIPATION IN THE GAME.

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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 $385,874

Program Service Revenue $477,707

Investment Income $0

Other Revenue $0

TOTAL REVENUE $863,581

Expense Breakdown

Grants Paid $21,000

Salaries & Benefits $76,101

Fundraising Expenses $17,532

Program Expenses $519,960

Other Expenses $508,318

TOTAL EXPENSES $605,419

Year-over-Year Comparison

	2023	2022	Change
Revenue	$863,581	$534,691	+0.6%
Expenses	$605,419	$382,658	+0.6%
Net Income	$258,162	$152,033	+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

N/A

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

$161,187

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM RYAN	EXECUTIVE DI	1.00	Officer	$0	$0	$161,187
ANNIE CRONIN	TRUSTEE	1.00	Director	$0	$0	$0
PAUL MEIERANT	TRUSTEE	1.00	Director	$0	$0	$0
EDE RICE	TRUSTEE	1.00	Director	$0	$0	$0
JEAN ROTTMAN	TRUSTEE	1.00	Director	$0	$0	$0
CAL SIMMONS	TRUSTEE	1.00	Director	$0	$0	$0
RICK SOSKIN	TRUSTEE	1.00	Director	$0	$0	$0
TOM SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM TRENDA	TREASURER	1.00	Officer Director	$0	$0	$0
JON MAYS	EXECUTIVE DI	1.00	Officer	$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	$863,581	$605,419	$816,614	$258,162
2023	$771,965	$527,088	$803,329	$244,877
2022	$534,691	$382,658	$558,422	$152,033
2021	$584,788	$392,293	$406,389	$192,495
2020	$566,638	$441,240	$213,894	$125,398

MINNESOTA GOLF ASSOCIATION FOUNDATION