SOUTH HEART GOLF COURSE BUILDING AUTHORITY (EIN 450442685) - 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

PAUL CLARYS

Phone

7016774176

Tax Period

2024-01-01 to 2024-12-31

SOUTH HEART GOLF COURSE BUILDING AUTHORITY, founded in 1997, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 1319% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 8% surplus.

Mission

TO OPERATE A PUBLIC GOLF COURSE PROVIDING EXERCISE AND LOCAL ECONOMIC STIMULUS UNDER THE AUTHORITY OF THE CITY OF SOUTH HEART, NORTH DAKOTA

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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 $43,900

Program Service Revenue $317,717

Investment Income $628

Other Revenue $1,290,889

TOTAL REVENUE $1,653,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $577,253

Fundraising Expenses $0

Program Expenses $1,478,847

Other Expenses $949,509

TOTAL EXPENSES $1,526,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,653,134	$116,531	+13.2%
Expenses	$1,526,762	$661,079	+1.3%
Net Income	$126,372	$-544,548	-1.2%

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
JAMES ARTHAUD	DIRECTOR	N/A	Director	$0	$0	$0
PAUL CLARYS	PRESIDENT	N/A	Officer Director	$0	$0	$0
SHAWN REISENAUER	SECRETARY	N/A	Officer Director	$0	$0	$0
DUSTIN STUBER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
HOPE KLEIN	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	$1,653,134	$1,526,762	$12,987,191	$126,372
2023	$116,531	$661,079	$12,187,760	$-544,548
2022	$144,682	$415,296	$7,658,320	$-270,614
2021	$566,740	$625,020	$1,623,652	$-58,280
2020	$706,804	$714,538	$1,756,342	$-7,734
2019	$537,699	$530,743	$1,472,576	$6,956
2018	$524,222	$497,464	$1,220,159	$26,758

SOUTH HEART GOLF COURSE BUILDING AUTHORITY