TRIANGLE GOLF FOUNDATION INC DBA THE FIRST TEE OF THE TRIANGLE

EIN: 562266025 501(c)(3) Recreation & Sports

RALEIGH, NC

Total Revenue
$1,943,873
Total Expenses
$2,132,058
Total Assets
$11,465,423
Net Assets
$8,790,894
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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
2004
Legal Domicile
NC
Principal Officer
BRANDON BAKER
Phone
9192398056
Tax Period
2024-01-01 to 2024-12-31

TRIANGLE GOLF FOUNDATION INC DBA THE FIRST TEE OF THE TRIANGLE, founded in 2004, is a community nonprofit in the Recreation & Sports sector that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Net assets of $8.8M represent 54 months of operating reserves.

Mission

TO IMPACT THE LIVES OF YOUNG PEOPLE BY PROVIDING EDUCATIONAL PROGRAMS THAT BUILD CHARACTER, INSTILL LIFE-ENHANCING VALUES AND PROMOTE HEALTHY CHOICES 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,769,298
Program Service Revenue $111,267
Investment Income $20,071
Other Revenue $43,237
TOTAL REVENUE $1,943,873

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,218,270
Fundraising Expenses $202,244
Program Expenses $1,716,663
Other Expenses $913,788
TOTAL EXPENSES $2,132,058

Year-over-Year Comparison

2024 2023 Change
Revenue $1,943,873 $2,369,419 -0.2%
Expenses $2,132,058 $1,537,257 +0.4%
Net Income $-188,185 $832,162 -1.2%
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

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Governance

Voting Members
22
Independent Members
22
Employees
146
Volunteers
187

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
5
$221,394
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TED KLINCK CHAIR 1.00
Officer Director
$0 $0 $0
DEWAYNE WASHINGTON BOARD MEMBER 1.00
Director
$0 $0 $0
REAGAN GREENE BOARD MEMBER 1.00
Director
$0 $0 $0
JOE VAN SAUN BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN ROOS BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREA CONNER BOARD MEMBER 1.00
Director
$0 $0 $0
TJ WYMAN BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN SISCHO BOARD MEMBER 1.00
Director
$0 $0 $0
FRED MILLS JR SECRETARY 1.00
Officer Director
$0 $0 $0
HYLA WOOLDRIDGE BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES MCCASKILL BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES BURATI BOARD MEMBER 1.00
Director
$0 $0 $0
LAURIE HUGHES BOARD MEMBER 1.00
Director
$0 $0 $0
BOB HATLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JUSTIN GOOD BOARD MEMBER 1.00
Director
$0 $0 $0
JENNINGS GLENN BOARD MEMBER 1.00
Director
$0 $0 $0
ANDY BILODEAU BOARD MEMBER 1.00
Director
$0 $0 $0
WILL DUCKETT BOARD MEMBER 1.00
Director
$0 $0 $0
BRAD GEORGE TREASURER 1.00
Officer Director
$0 $0 $0
SCOTT RUERUP VICE CHAIR 1.00
Officer Director
$0 $0 $0
IVAN LUJAN BOARD MEMBER 1.00
Director
$0 $0 $0
JUNIOR WORD BOARD MEMBER 1.00
Director
$0 $0 $0
BRANDON BAKER PRESIDENT/CEO 40.00
Officer
$208,356 $13,038 $221,394
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 $1,943,873 $2,132,058 $11,465,423 $-188,185
2023 $2,369,419 $1,537,257 $9,070,406 $832,162
2022 $2,305,528 $1,637,829 $8,193,524 $667,699
2021 $3,148,007 $1,224,360 $7,724,462 $1,923,647
2020 $1,068,241 $950,462 $5,971,386 $117,779
2019 $3,562,386 $840,463 $3,727,923 $2,721,923
2018 $920,479 $717,476 $980,696 $203,003
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