LAKE MALONEY GOLF COURSE INC (EIN 470439540) - 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

1996

Principal Officer

KORT STEELE

Phone

3085329998

Tax Period

2024-01-01 to 2024-12-31

LAKE MALONEY GOLF COURSE INC, founded in 1996, is a small nonprofit that reported $678K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATIONS MISSION IS TO ALLOW VOTING MEMBERS ACCESSS TO A MAINTAINED GOLF COURSE FOR MEMBER PLAY, GUEST PLAY AND SOCIAL EVENTS.

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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 $213,932

Program Service Revenue $360,104

Investment Income $82

Other Revenue $103,460

TOTAL REVENUE $677,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,648

Fundraising Expenses $0

Other Expenses $409,746

TOTAL EXPENSES $680,394

Year-over-Year Comparison

	2024	2023	Change
Revenue	$677,578	$620,818	+0.1%
Expenses	$680,394	$586,706	+0.2%
Net Income	$-2,816	$34,112	-1.1%

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

207

Independent Members

207

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
ZACH HOFF	SECRETARY	N/A	Officer Director	$0	$0	$0
BRIAN LUSK	BOARD MEMBER	N/A	Director	$0	$0	$0
BRAD MORRISON	BOARD MEMBER	N/A	Director	$0	$0	$0
DWIGHT PORTER	BOARD MEMBER	N/A	Director	$0	$0	$0
RICH REINERT	MGA	N/A	Director	$0	$0	$0
CELINE SAWYER	WGA	N/A	Director	$0	$0	$0
MIKE SIDES	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
KORT STEELE	PRESIDENT	N/A	Officer Director	$0	$0	$0
SCOTT STEELE	BOARD MEMBER	N/A	Director	$0	$0	$0
MARC WERKMEISTER	BOARD MEMBER	N/A	Director	$0	$0	$0
DAN WOODBURN	TREASURER	N/A	Officer 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
2024	$677,578	$680,394	$801,238	$-2,816
2023	$620,818	$586,706	$841,810	$34,112
2022	$643,115	$667,410	$863,066	$-24,295
2021	$560,895	$525,318	$825,322	$35,577
2020	$447,006	$476,667	$701,500	$-29,661
2019	$390,382	$416,326	$714,048	$-25,944
2018	$383,177	$399,657	$765,654	$-16,480

LAKE MALONEY GOLF COURSE INC