CHARLESTON GOLF INC (EIN 571025269) - 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

1995

Legal Domicile

Principal Officer

ED RIGGS

Phone

8438538000

Tax Period

2023-07-01 to 2024-06-30

CHARLESTON GOLF INC, founded in 1995, is a micro nonprofit that reported $21K in total revenue in fiscal year 2023. Revenue surged 2354% from the prior year, signaling strong growth momentum. Net assets of $213K represent 124 months of operating reserves.

Mission

MARKET THE CHARLESTON, SC AREA AS A GOLF DESTINATION.

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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 $20,539

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $20,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,802

Other Expenses $20,651

TOTAL EXPENSES $20,651

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,539	$837	+23.5%
Expenses	$20,651	$32,934	-0.4%
Net Income	$-112	$-32,097	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELEN HILL	NON-VOTING BOARD MEMBER	0.00	Director	$0	$0	$0
TERRY SEDALIK	BOARD MEMBER	0.00	Director	$0	$0	$0
GREG WOOD	GOLF BOARD MEMBER	0.00	Director	$0	$0	$0
ED RIGGS	PRESIDENT	0.00	Officer Director	$0	$0	$0
JEFF MINTON	LODGING BOARD MEMBER	0.00	Director	$0	$0	$0
RICHARD RANKIN	GOLF BOARD MEMBER	0.00	Director	$0	$0	$0
RON JAICKS	LODGING BOARD MEMBER	0.00	Director	$0	$0	$0
HEIDI NOWAK	LODGING BOARD MEMBER	0.00	Director	$0	$0	$0
KATHLEEN CARTLAND	NON-VOTING TREASURER	18.75	Officer 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
2025	No data	No data	No data	No data
2024	$20,539	$20,651	$243,776	$-112
2023	$837	$32,934	$212,920	$-32,097
2022	$67,317	$111,690	$246,911	$-44,373
2021	$190,808	$172,640	$515,394	$18,168
2020	$253,108	$231,534	$484,837	$21,574
2019	$558,151	$555,690	$313,808	$2,461
2018	$633,122	$652,464	$274,706	$-19,342

CHARLESTON GOLF INC