MARYLAND STATE GOLF ASSOCIATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1921

Legal Domicile

Principal Officer

KELLON NEWLAND

Phone

4106535300

Tax Period

2025-01-01 to 2025-12-31

MARYLAND STATE GOLF ASSOCIATION, founded in 1921, is a community nonprofit in the Recreation & Sports sector that reported $3.3M in total revenue in fiscal year 2025. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $784K, a strong 24% operating margin.

Mission

TO SERVE, GROW AND ADVANCE THE GAME OF GOLF IN MARYLAND AND THE DISTRICT OF COLUMBIA.

Program Service Accomplishments

Program 1

Expenses: $524,368 Revenue: $1,241,721

THE MARYLAND HANDICAP PROGRAM IS A JOINT VENTURE WITH THE MIDDLE ATLANTIC SECTION OF THE PGA PROVIDING HANDICAP SERVICES TO 167 CLUBS WITH OVER 58,000 MEMBERS.

Program 2

Expenses: $411,469 Revenue: $518,703

THE MARYLAND STATE GOLF ASSOCIATION'S TOURNAMENT PROGRAM ADMINISTERS AND CONDUCTS A COMPREHENSIVE SCHEDULE OF AMATEUR GOLF CHAMPIONSHIPS AND COMPETITIVE EVENTS FOR MARYLAND GOLFERS OF ALL AGES AND...

THE MARYLAND STATE GOLF ASSOCIATION'S TOURNAMENT PROGRAM ADMINISTERS AND CONDUCTS A COMPREHENSIVE SCHEDULE OF AMATEUR GOLF CHAMPIONSHIPS AND COMPETITIVE EVENTS FOR MARYLAND GOLFERS OF ALL AGES AND SKILL LEVELS. THE PROGRAM IS DESIGNED TO PRESERVE THE TRADITIONS OF AMATEUR GOLF, PROVIDE EQUITABLE COMPETITIVE OPPORTUNITIES, AND PROMOTE SPORTSMANSHIP AND INTEGRITY THROUGH THE RULES OF GOLF. MSGA ORGANIZES STATE CHAMPIONSHIPS, QUALIFIERS, TEAM COMPETITIONS, AND SPECIAL EVENTS, WHILE PROVIDING COURSE SETUP, RULES ADMINISTRATION, SCORING, AND ON-SITE TOURNAMENT MANAGEMENT. REVENUES SUPPORTING THE PROGRAM ARE PRIMARILY DERIVED FROM ENTRY FEES.

Program 3

Expenses: $328,554 Revenue: $621,451

THE MSGA E-CLUB (ECLUB) PROGRAM PROVIDES AN AFFORDABLE AND ACCESSIBLE PATHWAY FOR INDIVIDUAL GOLFERS WHO ARE NOT MEMBERS OF A TRADITIONAL CLUB TO RECEIVE AN OFFICIAL USGA HANDICAP INDEX AND ACCESS TO MSGA BENEFITS AND SERVICES. THROUGH THIS PROGRAM, GOLFERS CAN ESTABLISH AND MAINTAIN HANDICAPS, PARTICIPATE IN SELECT COMPETITIONS, RECEIVE RULES OF GOLF EDUCATION, AND ENGAGE WITH MSGA INITIATIVES. THE PROGRAM EXPANDS ACCESS TO ORGANIZED GOLF, SUPPORTS INCLUSION AND PARTICIPATION ACROSS THE STATE, AND ADVANCES MSGA'S MISSION TO SERVE ALL MARYLAND GOLFERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $286,697

Program Service Revenue $2,674,142

Investment Income $266,391

Other Revenue $51,464

TOTAL REVENUE $3,278,694

Expense Breakdown

Grants Paid $67,227

Salaries & Benefits $688,020

Fundraising Expenses $0

Program Expenses $1,574,898

Other Expenses $1,739,044

TOTAL EXPENSES $2,494,291

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,278,694	$2,594,734	+0.3%
Expenses	$2,494,291	$2,132,497	+0.2%
Net Income	$784,403	$462,237	+0.7%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$185,561

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SINCLAIR EADDY	PRESIDENT	2.00	Officer Director	$0	$0	$0
JACK BARSE	SECRETARY	2.00	Officer Director	$0	$0	$0
DIANE HERNDON	TREASURER	2.00	Officer Director	$0	$0	$0
JAN MILLER	DIRECTOR	2.00	Director	$0	$0	$0
DAVID BANNISTER	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA KRIMSKI	DIRECTOR	2.00	Director	$0	$0	$0
MIKE HINKEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BOB VAN NAMEN	DIRECTOR	2.00	Director	$0	$0	$0
ARMANDO DELTORO	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT HOOPES	DIRECTOR (BEG 11/25)	2.00	Director	$0	$0	$0
BILL TIGNANELLI	DIRECTOR	2.00	Director	$0	$0	$0
ALAN SCHROEDER	DIRECTOR	2.00	Director	$0	$0	$0
MIKE CUMBERPATCH	DIRECTOR	2.00	Director	$0	$0	$0
JOAN HEISS	DIRECTOR	2.00	Director	$0	$0	$0
MARK MILLER	DIRECTOR	2.00	Director	$0	$0	$0
KELLON NEWLAND	EXECUTIVE DIRECTOR	50.00	Officer	$151,800	$33,761	$185,561

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	$3,278,694	$2,494,291	$3,231,199	$784,403
2024	$2,594,734	$2,132,497	$2,547,447	$462,237
2023	$2,293,892	$1,815,566	$2,036,105	$478,326
2022	$1,786,419	$1,525,276	$1,475,076	$261,143
2021	$1,716,132	$1,486,811	$1,462,726	$229,321
2020	$1,229,130	$1,162,220	$1,206,835	$66,910
2019	$1,177,633	$1,139,628	$1,077,001	$38,005
2018	$1,136,841	$1,135,044	$1,008,514	$1,797