SOUTH CAROLINA GOLF ASSOCIATION

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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

1967

Legal Domicile

Principal Officer

BRIAN F LATHROP

Phone

8037326205

Tax Period

2023-01-01 to 2023-12-31

SOUTH CAROLINA GOLF ASSOCIATION, founded in 1967, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 12% surplus.

Mission

TO PRESERVE, PROMOTE, AND SERVE THE GAME OF GOLF

Program Service Accomplishments

Program 1

Expenses: $435,032 Revenue: $459,422

PROMOTE, COORDINATE, AND DIRECT VARIOUS TOURNAMENTS AND USGA QUALIFYING EVENTS.

Program 2

Expenses: $2,610 Revenue: $744,036

ADMINISTER THE GHIN HANDICAP SERVICE INCLUDING COURSE MEASUREMENTS AND SLOPE RATING.

Program 3

Expenses: $110,754 Revenue: $18,830

PUBLISH PALMETTO GOLFER MAGAZINE

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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 (2023)

Revenue Breakdown

Contributions & Grants $144,820

Program Service Revenue $1,249,043

Investment Income $-13,949

Other Revenue $0

TOTAL REVENUE $1,379,914

Expense Breakdown

Grants Paid $0

Salaries & Benefits $440,558

Fundraising Expenses $0

Program Expenses $548,396

Other Expenses $776,251

TOTAL EXPENSES $1,216,809

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,379,914	$1,200,763	+0.1%
Expenses	$1,216,809	$904,493	+0.3%
Net Income	$163,105	$296,270	-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

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

$138,935

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN F LATHROP	EXECUTIVE DIRECTOR	25.00	Officer	$118,935	$0	$138,935

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	No data	No data	No data	No data
2023	$1,379,914	$1,216,809	$2,632,350	$163,105
2022	$1,200,763	$904,493	$2,184,541	$296,270
2021	$1,341,698	$1,051,330	$1,912,487	$290,368
2020	$1,055,419	$826,635	$1,647,646	$228,784
2019	$1,062,088	$1,004,668	$1,385,790	$57,420
2018	$924,210	$949,451	$1,315,048	$-25,241