TRIANGLE GOLF FOUNDATION INC DBA T… - 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

2004

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $1,716,663 Revenue: $380,249

TRIANGLE GOLF FOUNDATION TEACHES LIFE SKILLS AND KEY COMMITMENTS THROUGH THE GAME OF GOLF. THE FIRST TEE LIFE SKILLS EXPERIENCE IS BASED ON THE KEY COMMITMENTS OF PURSUING GOALS, GROWING THROUGH...

TRIANGLE GOLF FOUNDATION TEACHES LIFE SKILLS AND KEY COMMITMENTS THROUGH THE GAME OF GOLF. THE FIRST TEE LIFE SKILLS EXPERIENCE IS BASED ON THE KEY COMMITMENTS OF PURSUING GOALS, GROWING THROUGH CHALLENGES, COLLABORATING WITH OTHERS, BUILDING POSITIVE SELF-IDENTITY, AND USING GOOD JUDGMENT. WE ARE ONE OF 150 CHAPTERS OF THE FIRST TEE IN THE WORLD AND ONE OF 7 IN THE STATE OF NORTH CAROLINA. THIS YEAR WE PROVIDED EDUCATIONAL PROGRAMS WHICH INCLUDED GOLF COURSE-BASED PROGRAMS FOR 952 PARTICIPANTS, DRIVE4SUCCESS FOR 486 PARTICIPANTS, OUTREACH PROGRAMS FOR 328 PARTICIPANTS, AND CAMPS FOR 114 PARTICIPANTS.

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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 $1,769,298

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

Governance

Voting Members

Independent Members

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

$221,394

Total Directors

Key Employees

Highest Compensated

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

TRIANGLE GOLF FOUNDATION INC DBA THE FIRST TEE OF THE TRIANGLE