GOLF ASSOC OF MICH FOUNDATION INC

EIN: 472118531 501(c)(3) Education

FARMINGTON HILLS, MI

Total Revenue
$605,162
Total Expenses
$424,550
Total Assets
$1,016,551
Net Assets
$906,120
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MI
Principal Officer
WILLIAM C WHITTEN
Phone
2484789242
Tax Period
2024-04-01 to 2025-03-31

GOLF ASSOC OF MICH FOUNDATION INC, founded in 2014, is a small nonprofit in the Education sector that reported $605K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $181K, a strong 30% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO PROVIDE ACCESS TO GOLF PROGRAMMING AND (CONTINUED ON SCHEDULE O) INSTRUCTION TO YOUTH; TO EDUCATE GOLFERS ON TOPICS OF SAFETY AND HEALTH; TO PROMOTE THE BENEFITS OF PARTICIPATING IN THE GAME OF GOLF AND; OTHER REASONABLE AND PHILANTHROPIC PROJECTS AS PERMITTED BY THE BYLAWS OF THE ORGANIZATION AND/OR MICHIGAN LAW.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $363,537
Program Service Revenue $216,305
Investment Income $33,320
Other Revenue $-8,000
TOTAL REVENUE $605,162

Expense Breakdown

Grants Paid $299,764
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $387,343
Other Expenses $124,786
TOTAL EXPENSES $424,550

Year-over-Year Comparison

2024 2023 Change
Revenue $605,162 $444,306 +0.4%
Expenses $424,550 $331,413 +0.3%
Net Income $180,612 $112,893 +0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
12

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
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACEY SPERRY GOVERNOR 1.00
Director
$0 $0 $0
TIM MOORE GOVERNOR 1.00
Director
$0 $0 $0
SARA WOLD GOVERNOR 1.00
Director
$0 $0 $0
JUDY LAZZARO GOVERNOR 1.00
Director
$0 $0 $0
JOHN LANDIS GOVERNOR 1.00
Director
$0 $0 $0
CHRISTOPHER WERNER GOVERNOR 1.00
Director
$0 $0 $0
ASHLEY DEWLING GOVERNOR 1.00
Director
$0 $0 $0
WILLIAM C WHITTEN EXECUTIVE DIRECTOR 5.00
Director
$0 $0 $0
FRANCINE PEGUES VICE PRESIDENT 1.00
Officer
$0 $0 $0
THOMAS ROEHL TREASURER 1.00
Officer
$0 $0 $0
CHRIS ANGOTT SECRETARY 1.00
Officer
$0 $0 $0
JOHN SCHULTE PRESIDENT EMERITUS 1.00
Officer
$0 $0 $0
CATHY KALAHAR PRESIDENT 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
2025 $605,162 $424,550 $1,016,551 $180,612
2024 $444,306 $331,413 $865,020 $112,893
2023 $321,706 $252,578 $696,945 $69,128
2022 $336,685 $159,346 $559,918 $177,339
2021 $320,119 $297,367 $390,555 $22,752
2020 $282,164 $128,633 $345,689 $153,531
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