BALTIMORE MUNICIPAL GOLF CORPORATI… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

Thomas Pierce

Phone

4104444933

Tax Period

2023-01-01 to 2023-12-31

BALTIMORE MUNICIPAL GOLF CORPORATION, founded in 1984, is a community nonprofit in the Recreation & Sports sector that reported $8.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION'S PRIMATY EXEMPT PURPOSE IS TO LESSEN THE BURDENS OF GOVERNMENT BY PROVIDING AND PROMOTING RECREATIONAL GOLF ACTIVITES AND FACILITIES THAT WOULD BE PROVIDED AND MAINTAINED AT TAXPAYERS' EXPENSE. THE ORGANIZATION'S PRINCIPAL ACTIVITES INCLUDE GOLF COURSE AND DRIVING RANGE OPERATIONS AND IMPROVEMENTS AND DEVELOPMENT OF GOLF COURSES ON LAND OWNED BY THE CITY OF BALTIMORE.

Program Service Accomplishments

Program 1

Expenses: $7,436,253 Revenue: $7,908,598

PRINCIPAL ACTIVITIES INCLUDE GOLF COURSES AND RANGE OPERATION, IMPROVEMENTS AND DEVELOPMENT OF GOLF COURSES ON LAND OWNED BY THE CITY OF BALTIMORE. PROGRAM EXPEDITURES ARE RELATED TO THE...

PRINCIPAL ACTIVITIES INCLUDE GOLF COURSES AND RANGE OPERATION, IMPROVEMENTS AND DEVELOPMENT OF GOLF COURSES ON LAND OWNED BY THE CITY OF BALTIMORE. PROGRAM EXPEDITURES ARE RELATED TO THE ORGANIZATION'S CHARITABLE PURPOSE OF LESSENING THE BURDENS OF GOVERNMENT OF THE CITY OF BALTIMORE.

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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 $72,622

Program Service Revenue $7,409,714

Investment Income $489

Other Revenue $581,867

TOTAL REVENUE $8,064,692

Expense Breakdown

Grants Paid $1,870

Salaries & Benefits $4,941,739

Fundraising Expenses $137,127

Program Expenses $7,436,253

Other Expenses $3,566,639

TOTAL EXPENSES $8,510,248

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,064,692	$7,394,206	+0.1%
Expenses	$8,510,248	$7,985,884	+0.1%
Net Income	$-445,556	$-591,678	-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

379

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

$110,490

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Pierce	Executive Dir.	40.00	Officer	$104,966	$5,524	$110,490
Mr Larry E Jennings Jr	Chairman	1.00	Officer Director	$0	$0	$0
Mr Charles M Thomas	Vice President	1.00	Officer Director	$0	$0	$0
Mr D Danard Smith	Secretary	1.00	Officer Director	$0	$0	$0
Mr Mark D Case	Director	1.00	Director	$0	$0	$0
Mr Michael Moiseyev	Director	1.00	Director	$0	$0	$0
Councilman Isaac Schleifer	Director	1.00	Director	$0	$0	$0
Mr Garland O Williamson	Director	1.00	Director	$0	$0	$0
Ms Jill Yonowitz	Director	1.00	Director	$0	$0	$0
Mr Thurman W Zollicoffer Jr	Director	1.00	Director	$0	$0	$0
Mr Eric Bryant	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	$8,064,692	$8,510,248	$5,546,612	$-445,556
2022	$7,394,206	$7,985,884	$5,569,683	$-591,678
2021	$8,297,007	$7,300,714	$5,865,972	$996,293
2020	$6,563,078	$6,126,186	$5,270,978	$436,892
2018	$5,625,568	$6,232,337	$3,986,760	$-606,769

BALTIMORE MUNICIPAL GOLF CORPORATION