FORMAN GOLF ASSOCIATION (EIN 450361738) - 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

1975

Legal Domicile

Principal Officer

KEVIN BOPP

Phone

7017243411

Tax Period

2025-01-01 to 2025-12-31

FORMAN GOLF ASSOCIATION, founded in 1975, is a micro nonprofit that reported $67K in total revenue in fiscal year 2025. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $102K exceeded revenue, resulting in a 53% operating deficit.

Mission

OPERATION AND MAINTENANCE OF A PUBLIC GOLF COURSE

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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 (2025)

Revenue Breakdown

Contributions & Grants $25,093

Program Service Revenue $41,607

Investment Income $0

Other Revenue $0

TOTAL REVENUE $66,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,163

Fundraising Expenses $0

Other Expenses $79,041

TOTAL EXPENSES $102,204

Year-over-Year Comparison

	2025	2024	Change
Revenue	$66,700	$50,504	+0.3%
Expenses	$102,204	$80,417	+0.3%
Net Income	$-35,504	$-29,913	+0.2%

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
KEVIN BOPP	PRESIDENT	10.00	Officer Director	$0	$0	$0
RANDY BERGH	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
DAVID RASMUSSEN	SECRETARY	5.00	Officer Director	$0	$0	$0
LUKE ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS PAEPER	DIRECTOR	1.00	Director	$0	$0	$0
ARNE KUJANSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIANNA MCLAEN	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	$66,700	$102,204	$350,174	$-35,504
2024	$50,504	$80,417	$395,458	$-29,913
2023	$49,406	$81,193	$432,415	$-31,787
2022	$74,130	$89,215	$408,941	$-15,085
2021	$66,451	$69,906	$433,864	$-3,455
2020	$154,550	$82,926	$450,465	$71,624
2019	$70,221	$60,784	$423,784	$9,437
2018	$70,190	$50,278	$397,904	$19,912

FORMAN GOLF ASSOCIATION