FAM-REC INC (EIN 570698761) - 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

1980

Legal Domicile

Principal Officer

W TAYLOR HOUGH

Phone

8645837084

Tax Period

2025-02-01 to 2026-01-31

FAM-REC INC, founded in 1980, is a small nonprofit that reported $151K in total revenue in fiscal year 2025. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $168K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVISION OF GOLFING FACILITIES TO MEMBERS

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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 (2025)

Revenue Breakdown

Contributions & Grants $150,540

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $150,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $167,906

TOTAL EXPENSES $167,906

Year-over-Year Comparison

	2025	2024	Change
Revenue	$150,540	$214,421	-0.3%
Expenses	$167,906	$231,614	-0.3%
Net Income	$-17,366	$-17,193	+0.0%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BO LARSEN	PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
TAYLOR HOUGH	VP/SECRETARY	1.00	Officer Director	$0	$0	$0
TW CECIL	DIRECTOR	1.00	Director	$0	$0	$0
TERRY PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
HENRY OTT	DIRECTOR	1.00	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
2026	$150,540	$167,906	$3,821	$-17,366
2025	$214,421	$231,614	$9,915	$-17,193
2024	$223,315	$250,496	$23,433	$-27,181
2023	$225,814	$253,474	$50,863	$-27,660
2022	$221,278	$227,229	$67,838	$-5,951
2021	$204,378	$214,457	$74,731	$-10,079
2020	$229,530	$222,766	$83,189	$6,764
2019	$208,800	$216,178	$8,706	$-7,378

FAM-REC INC