MINNESOTA GOLF ASSOCIATION INC (EIN 510152269) - 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

1901

Legal Domicile

Principal Officer

EDE RICE

Phone

9529274643

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA GOLF ASSOCIATION INC, founded in 1901, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.4M left a modest 9% surplus.

Mission

TO PROVIDE SERVICES AND INFORMATION ON GOLF TO ITS MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $36,000

Program Service Revenue $3,459,217

Investment Income $45,061

Other Revenue $232,052

TOTAL REVENUE $3,772,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,401,904

Fundraising Expenses $0

Program Expenses $2,239,900

Other Expenses $2,043,433

TOTAL EXPENSES $3,445,337

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,772,330	$3,491,968	+0.1%
Expenses	$3,445,337	$3,064,734	+0.1%
Net Income	$326,993	$427,234	-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

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
TOM RYAN	PREVIOUS EXE	40.00		$160,347	$0	$160,347
LYNN ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
PHIL ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL BETTS	DIRECTOR	1.00	Director	$0	$0	$0
JESSE BULL	DIRECTOR	1.00	Director	$0	$0	$0
ROLLIE CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
TERESA COMPTON	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN CONNELLY	DIRECTOR	1.00	Director	$0	$0	$0
JOE CONZEMIUS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DAMMAN	DIRECTOR	1.00	Director	$0	$0	$0
SALLY DEYAK	DIRECTOR	1.00	Director	$0	$0	$0
AUSTIN EATON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE FELLOWS	DIRECTOR	1.00	Director	$0	$0	$0
TYLER FITZEL	DIRECTOR	1.00	Director	$0	$0	$0
MARY FLYNN	DIRECTOR	1.00	Director	$0	$0	$0
JOAN FRIE	DIRECTOR	1.00	Director	$0	$0	$0
BOB GORDEN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HALLBERG	DIRECTOR	1.00	Director	$0	$0	$0
SKIP HAMBRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
MATT HANSON	DIRECTOR	1.00	Director	$0	$0	$0
GLEN HASSELBERG	DIRECTOR	1.00	Director	$0	$0	$0
BRACK HERFURTH	DIRECTOR	1.00	Director	$0	$0	$0
OLIVIA HERRICK	DIRECTOR	1.00	Director	$0	$0	$0
MARK IVELAND	DIRECTOR	1.00	Director	$0	$0	$0
ANDY JACOBSON	DIRECTOR	1.00	Director	$0	$0	$0
TROY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
GEOFF KLEIN	DIRECTOR	1.00	Director	$0	$0	$0
TABITHA KUNST	DIRECTOR	1.00	Director	$0	$0	$0
JASON LLOYD	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN LOFGREN	DIRECTOR	1.00	Director	$0	$0	$0
MARK LOOSBROCK	DIRECTOR	1.00	Director	$0	$0	$0
JENNY MALEK	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MALONE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MAY	DIRECTOR	1.00	Director	$0	$0	$0
PAIGE MCCULLOUGH	DIRECTOR	1.00	Director	$0	$0	$0
NORA MCGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MEIERANT	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
EKREN MILLER	DIRECTOR	1.00	Director	$0	$0	$0
TROY NYGAARD	DIRECTOR	1.00	Director	$0	$0	$0
JEFF PINT	DIRECTOR	1.00	Director	$0	$0	$0
EDE RICE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JERRY ROSE	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
WARREN RYAN	DIRECTOR	1.00	Director	$0	$0	$0
AMY SCHINTZ	DIRECTOR	1.00	Director	$0	$0	$0
RICK SHEFCHIK	DIRECTOR	1.00	Director	$0	$0	$0
JEAN SOLHEIM	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SONNEK	DIRECTOR	1.00	Director	$0	$0	$0
GORDY STOFER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL STONE	DIRECTOR	1.00	Director	$0	$0	$0
BEN THURINGER	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA WILLIAMS	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
2024	No data	No data	No data	No data
2023	$3,772,330	$3,445,337	$2,456,080	$326,993
2022	$3,491,968	$3,064,734	$2,119,209	$427,234
2021	$3,127,420	$2,901,800	$1,691,955	$225,620
2020	$2,640,220	$2,667,279	$1,466,334	$-27,059
2019	$2,932,486	$2,669,050	$1,493,839	$263,436
2018	$2,852,088	$2,676,689	$1,231,926	$175,399

MINNESOTA GOLF ASSOCIATION INC