CAROLINAS GOLF FOUNDATION (EIN 591761556) - 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

1977

Legal Domicile

Principal Officer

ANDY PRIEST

Phone

9106731000

Tax Period

2024-01-01 to 2024-12-31

CAROLINAS GOLF FOUNDATION, founded in 1977, is a small nonprofit that reported $314K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $126K, a strong 40% operating margin.

Mission

THE CAROLINAS GOLF FOUNDATION WAS FORMED BY THE CAROLINAS GOLF ASSOCIATION IN 1977 TO PROVIDE SCHOLARSHIPS AND FUNDING FOR A VARIETY OF CAROLINAS-BASED GOLF INITIATIVES.

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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 $506,579

Program Service Revenue $0

Investment Income $14,702

Other Revenue $-206,962

TOTAL REVENUE $314,319

Expense Breakdown

Grants Paid $184,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $184,400

Other Expenses $4,271

TOTAL EXPENSES $188,671

Year-over-Year Comparison

	2024	2023	Change
Revenue	$314,319	$217,222	+0.4%
Expenses	$188,671	$191,243	0.0%
Net Income	$125,648	$25,979	+3.8%

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

$250,922

Total Directors

$250,922

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN NANCE	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$32,208	$250,922
CHARLES LYNCH	LEGAL COUNSEL	0.00	Officer Director	$0	$0	$0
KELLY MILLER	SECRETARY	0.00	Officer Director	$0	$0	$0
LAWRENCE HICKS	TREASURER	0.00	Officer Director	$0	$0	$0
MARION MOORE	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
MIKE SMITH	1ST PAST PRESIDENT	0.00	Officer Director	$0	$0	$0
RICK RIDDLE	PRESIDENT	0.00	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
2024	$314,319	$188,671	$817,053	$125,648
2023	$217,222	$191,243	$691,405	$25,979
2022	$203,192	$185,171	$665,477	$18,021
2021	$168,558	$171,301	$647,456	$-2,743
2020	$299,542	$156,874	$650,199	$142,668
2020	$299,542	$156,874	$650,199	$142,668
2019	$205,867	$142,400	$507,531	$63,467
2018	$396,417	$98,500	$444,064	$297,917

CAROLINAS GOLF FOUNDATION