NORTH KOSSUTH GOLF CLUB (EIN 420888469) - 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

1963

Legal Domicile

Principal Officer

LARRY VASKE

Phone

5158852352

Tax Period

2024-01-01 to 2024-12-31

NORTH KOSSUTH GOLF CLUB, founded in 1963, is a small nonprofit that reported $107K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $142K exceeded revenue, resulting in a 33% operating deficit.

Mission

PROVIDE A RECREATIONAL FACILITY IN NORTHERN KOSSUTH COUNTY. PROVIDE A GOLF COURSE, CART & SHED RENTAL.

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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 $0

Program Service Revenue $106,596

Investment Income $117

Other Revenue $0

TOTAL REVENUE $106,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,320

Fundraising Expenses $0

Program Expenses $141,569

Other Expenses $92,249

TOTAL EXPENSES $141,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,713	$170,995	-0.4%
Expenses	$141,569	$133,295	+0.1%
Net Income	$-34,856	$37,700	-1.9%

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
LARRY VASKE	PRESIDENT	N/A	Officer	$0	$0	$0
CAROLE BERNHARD	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT GIFFORD	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT SHILLINGTON	DIRECTOR	N/A	Director	$0	$0	$0
JEFF BROESDER	DIRECTOR	N/A	Director	$0	$0	$0
DREW DOOCY	DIRECTOR	N/A	Director	$0	$0	$0
TRAVIS NEUMAN	VICE PRESIDE	N/A	Officer	$0	$0	$0
MELISSA DAVIS	SECRETARY	N/A	Officer	$0	$0	$0
ELAINE DAVIS	TREASURER	N/A	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	$106,713	$141,569	$635,554	$-34,856
2023	$170,995	$133,295	$669,410	$37,700
2022	$86,548	$74,605	$630,910	$11,943
2021	$94,590	$80,782	$617,767	$13,808
2020	$95,708	$86,035	$602,859	$9,673
2019	$97,698	$81,721	$592,586	$15,977
2018	$105,000	$88,062	$576,309	$16,938

NORTH KOSSUTH GOLF CLUB