Youth Golf Foundation of the Carolinas (EIN 562245026) - 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

2000

Legal Domicile

Principal Officer

Daniel Fogarty

Phone

7043482515

Tax Period

2024-01-01 to 2024-12-31

Youth Golf Foundation of the Carolinas, founded in 2000, is a community nonprofit in the Recreation & Sports sector that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Net assets of $5.5M represent 29 months of operating reserves.

Mission

To impact the lives of young people of all backgrounds by providing learning facilities and educational programs that promote character development and life enhancing values through the game of golf.

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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 $1,300,979

Program Service Revenue $698,036

Investment Income $109,051

Other Revenue $117,363

TOTAL REVENUE $2,225,429

Expense Breakdown

Grants Paid $61,000

Salaries & Benefits $1,261,623

Fundraising Expenses $411,592

Program Expenses $1,430,173

Other Expenses $902,566

TOTAL EXPENSES $2,225,189

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,225,429	$1,900,146	+0.2%
Expenses	$2,225,189	$2,058,295	+0.1%
Net Income	$240	$-158,149	-1.0%

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

100

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

$180,975

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Fogarty	Executive Dir.	40.00	Officer	$145,045	$35,930	$180,975
Verbena Mcllwaine	Director	2.00	Director	$0	$0	$0
Jennifer Doyle	Vice Chair	2.00	Officer Director	$0	$0	$0
Lee McEntire	Director	2.00	Director	$0	$0	$0
Patrick Melton	Secretary	2.00	Officer Director	$0	$0	$0
Jonathan Ishee	Chairman	2.00	Officer Director	$0	$0	$0
Bruce Bellamy	Director	2.00	Director	$0	$0	$0
Daniel Webster	Director	2.00	Director	$0	$0	$0
Paige James	Director	2.00	Director	$0	$0	$0
Ron Green	Director	2.00	Director	$0	$0	$0
Randolph Smith	Treasurer	2.00	Officer Director	$0	$0	$0
Seth Bennett	Director	2.00	Director	$0	$0	$0
TJ Wagner	Director	2.00	Director	$0	$0	$0
Andrew Tucker	Director	2.00	Director	$0	$0	$0
Stephanie Harner	Director	2.00	Director	$0	$0	$0
David McClure	Director	2.00	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	$2,225,429	$2,225,189	$5,712,573	$240
2023	$1,900,146	$2,058,295	$5,622,535	$-158,149
2022	$2,034,317	$1,762,785	$5,602,367	$271,532
2021	$1,885,876	$1,450,675	$5,362,878	$435,201
2020	$976,813	$1,040,843	$4,838,915	$-64,030
2019	$1,234,540	$1,090,615	$4,787,035	$143,925
2018	$1,429,766	$1,031,453	$4,454,972	$398,313

Youth Golf Foundation of the Carolinas