SHOAL CREEK (EIN 630727001) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

GREG KING

Phone

2059919000

Tax Period

2023-01-01 to 2023-12-31

SHOAL CREEK, founded in 1977, is a mid-sized nonprofit that reported $11.1M in total revenue in fiscal year 2018. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 21% operating margin.

Mission

THE ORGANIZATION'S EXEMPT PURPOSE IS FOR THE ENJOYMENT AND RECREATION OF ITS MEMBERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $48,035

Program Service Revenue $6,364,151

Investment Income $-9,170

Other Revenue $1,221,290

TOTAL REVENUE $7,624,306

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,039,416

Fundraising Expenses $0

Other Expenses $4,738,896

TOTAL EXPENSES $8,778,312

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,624,306	$7,138,279	+0.1%
Expenses	$8,778,312	$8,287,481	+0.1%
Net Income	$-1,154,006	$-1,149,202	+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

134

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

$347,846

Total Directors

Key Employees

$261,388

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY KING	PRESIDENT	1.00	Officer Director	$0	$0	$0
SETH SARGENT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NICHOLAS BALANIS	TREASURER	1.00	Officer Director	$0	$0	$0
TODD VARGO	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN LAW ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN KYNERD	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG ECKERT	BOARD MEMBER	1.00	Director	$0	$0	$0
EMMETT MCLEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL VARDAMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLIE ADAIR	BOARD MEMBER	1.00	Director	$0	$0	$0
JAY GRINNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHNNY WILHELM	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM FREUND	GENERAL MANAGER	40.00	Officer	$209,099	$20,743	$229,842
JULIE MURPHY	CONTROLLER	40.00	Officer	$99,911	$18,093	$118,004
BRIAN CORN	DIRECTOR OF GOLF	40.00	Key Emp	$239,966	$21,422	$261,388
JAMES CARROLL	DIRECTOR OF AGRONOMY	40.00	Highest	$264,923	$21,832	$286,755

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	$7,624,306	$8,778,312	$12,066,617	$-1,154,006
2022	$7,138,279	$8,287,481	$12,831,928	$-1,149,202
2021	$9,210,708	$9,451,270	$12,950,565	$-240,562
2020	$6,041,388	$7,428,032	$13,140,545	$-1,386,644
2019	$7,496,400	$7,864,853	$13,391,565	$-368,453
2018	$11,101,030	$8,760,246	$14,215,047	$2,340,784

SHOAL CREEK