CAROLINAS GOLF ASSOCIATION (EIN 560509290) - 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

1975

Legal Domicile

Principal Officer

ANDY PRIEST

Phone

9106731000

Tax Period

2024-01-01 to 2024-12-31

CAROLINAS GOLF ASSOCIATION, founded in 1975, is a community nonprofit in the Recreation & Sports sector that reported $9.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $9.0M left a modest 5% surplus.

Mission

THE CGA IS A NON-PROFIT SERVICE ORGANIZATION THAT WAS FORMED IN 1909 TO CONDUCT CHAMPIONSHIPS AND TOURNAMENTS FOR AMATEUR GOLFERS IN NORTH AND SOUTH CAROLINA, ADMINISTER THE USGA HANDICAP SYSTEM IN THE CAROLINAS, AND SUPPORT ITS MEMBERSHIP OF MORE THAN 200,000 GOLFERS IN THE CGA'S 700 PLUS MEMBER CLUBS AND ASSOCIATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $299,657

Program Service Revenue $8,244,758

Investment Income $341,155

Other Revenue $661,255

TOTAL REVENUE $9,546,825

Expense Breakdown

Grants Paid $259,345

Salaries & Benefits $2,020,152

Fundraising Expenses $35,474

Program Expenses $8,359,385

Other Expenses $6,770,084

TOTAL EXPENSES $9,049,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,546,825	$8,731,590	+0.1%
Expenses	$9,049,581	$7,884,901	+0.1%
Net Income	$497,244	$846,689	-0.4%

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

250

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

$250,922

Total Directors

$24,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS THORPE	COMMITTEE MEMBER	5.00	Director	$24,750	$0	$24,750
CHARLES LYNCH	LEGAL COUNSEL	3.00	Officer Director	$0	$0	$0
KELLY MILLER	SECRETARY	2.00	Officer Director	$0	$0	$0
LAWRENCE HICKS	TREASURER	2.00	Officer Director	$0	$0	$0
MARION MOORE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MIKE SMITH	1ST PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
RICK RIDDLE	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRENDA KUEHN	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
DANA HALLIDAY	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
DILLARD PRUITT	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
FRANK GOLDEN	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
GREGG JONES	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
JOE HACKLER	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
BILLY WEST	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
MICHAEL SIMS	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
RICHARD DOSEK	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
RUSSELL COLEMAN	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
SHELDON HILAIRE	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
JOHN NANCE	EXECUTIVE DIRECTOR	40.00	Officer	$218,714	$32,208	$250,922

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	$9,546,825	$9,049,581	$9,907,661	$497,244
2023	$8,731,590	$7,884,901	$8,102,946	$846,689
2022	$7,851,436	$7,449,579	$7,226,720	$401,857
2021	$7,597,187	$6,500,134	$7,201,901	$1,097,053
2020	$5,916,224	$5,379,566	$6,029,136	$536,658

CAROLINAS GOLF ASSOCIATION