VIRGINIA STATE GOLF ASSOCIATION (EIN 540736931) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

BRIAN MALONEY

Phone

8043782300

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA STATE GOLF ASSOCIATION, founded in 1981, is a community nonprofit in the Recreation & Sports sector that reported $3.4M in total revenue in fiscal year 2018. Expenses of $3.3M left a modest 4% surplus.

Mission

THE MISSION OF THE VIRGINIA STATE GOLF ASSOCIATION IS TO PROMOTE THE GAME OF GOLF AND SERVE THE NEEDS OF GOLF IN VIRGINIA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $293,668

Program Service Revenue $5,033,863

Investment Income $232,910

Other Revenue $234,104

TOTAL REVENUE $5,794,545

Expense Breakdown

Grants Paid $371,340

Salaries & Benefits $1,643,812

Fundraising Expenses $96,606

Program Expenses $4,276,592

Other Expenses $3,111,874

TOTAL EXPENSES $5,127,026

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,794,545	$5,243,138	+0.1%
Expenses	$5,127,026	$4,466,606	+0.1%
Net Income	$667,519	$776,532	-0.1%

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

Independent Members

Employees

Volunteers

148

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

$252,911

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN MALONEY	PRESIDENT	3.00	Officer Director	$0	$0	$0
CRAIG GROENENDAAL	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
VERNON INGE	SECRETARY / TREASURER	3.00	Officer Director	$0	$0	$0
ANNE GREEVER	IMMEDIATE PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
SOMSAK CHIVAVIBUL	DIRECTOR	3.00	Director	$0	$0	$0
MARK COTE	DIRECTOR	3.00	Director	$0	$0	$0
KATIE COX	DIRECTOR	3.00	Director	$0	$0	$0
KRISTIN SHIFFLETT	DIRECTOR	3.00	Director	$0	$0	$0
GLENN GRAY	DIRECTOR	3.00	Director	$0	$0	$0
LAUREN GREENLIEF	DIRECTOR	3.00	Director	$0	$0	$0
DUNCAN HARDCASTLE	DIRECTOR	3.00	Director	$0	$0	$0
JAMES GALLAGHER	DIRECTOR	3.00	Director	$0	$0	$0
MARK RAPER	DIRECTOR	3.00	Director	$0	$0	$0
CAMERON ROBINETT	DIRECTOR	3.00	Director	$0	$0	$0
WILLIAM T SAUNDERS	DIRECTOR	3.00	Director	$0	$0	$0
STEPHEN WHITFIELD	DIRECTOR	3.00	Director	$0	$0	$0
BERT WILSON	DIRECTOR	3.00	Director	$0	$0	$0
BEV LANE	DIRECTOR	3.00	Director	$0	$0	$0
MATT SMILEY	EXECUTIVE DIRECTOR	40.00	Officer	$222,500	$30,411	$252,911

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	$5,794,545	$5,127,026	$6,474,500	$667,519
2023	$5,243,138	$4,466,606	$5,516,920	$776,532
2022	$4,596,729	$3,813,438	$4,389,068	$783,291
2021	$4,473,562	$3,711,539	$4,062,376	$762,023
2020	$3,409,263	$3,023,547	$3,471,487	$385,716
2019	$3,562,835	$3,138,831	$3,056,209	$424,004
2018	$3,416,421	$3,283,077	$2,698,702	$133,344

VIRGINIA STATE GOLF ASSOCIATION