FIRST TEE OF FORT SMITH ARKANSAS I… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

ALLEN MCFERRAN

Phone

4797884258

Tax Period

2018-01-01 to 2018-12-31

FIRST TEE OF FORT SMITH ARKANSAS INC, founded in 1999, is a small nonprofit that reported $192K in total revenue in fiscal year 2018. Expenses of $242K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO IMPACT THE LIVES OF YOUNG PEOPLE BY PROVIDING LEARNING FACILITIES AND EDUCATIONAL PROGRAMS THAT PROMOTE CHARACTER DEVELOPMENT AND LIFE-ENHANCING VALUES THROUGH THE GAME OF GOLF.

Program Service Accomplishments

Program 1

Expenses: $188,292 Revenue: $12,469

GOLF FACILITY, GOLF TRAINING AND RELATED ACTIVITIES. FIRST TEE IS A YOUTH DEVELOPMENT PROGRAM THAT IS YEAR ROUND. WE SERVICE OVER 30,000 KIDS IN THE SURROUNDING AREA BY PROVIDING THE FIRST TEE...

GOLF FACILITY, GOLF TRAINING AND RELATED ACTIVITIES. FIRST TEE IS A YOUTH DEVELOPMENT PROGRAM THAT IS YEAR ROUND. WE SERVICE OVER 30,000 KIDS IN THE SURROUNDING AREA BY PROVIDING THE FIRST TEE PROGRAM IN 21 PUBLIC SCHOOLS. WE IMPACT THESE KIDS BY TEACHING THE BASIC GOLF SKILL AND 9 CORE VALUES IN LIFE SUCH AS; HONESTY, INTEGRITY, SPORTSMANSHIP, RESPONSIBILITY, PERSEVERANCE, JUDGMENT, CONFIDENCE, RESPECT AND COURTESY. FIRST TEE ALSO PROVIDES A DISABLILITY AND SPECIAL NEEDS PROGRAM THAT HAS OVER 250 PARTICIPANTS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $143,694

Program Service Revenue $0

Investment Income $0

Other Revenue $47,989

TOTAL REVENUE $191,683

Expense Breakdown

Grants Paid $3,037

Salaries & Benefits $135,733

Fundraising Expenses $0

Program Expenses $188,292

Other Expenses $103,691

TOTAL EXPENSES $242,461

Year-over-Year Comparison

	2018	2017	Change
Revenue	$191,683	$199,687	0.0%
Expenses	$242,461	$264,270	-0.1%
Net Income	$-50,778	$-64,583	-0.2%

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

$45,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN MERRY	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
STEVE ARNOLD	DIRECTOR	2.00	Officer Director	$0	$0	$0
MICHELLE GRIFFITH	SECRETARY	2.00	Officer Director	$0	$0	$0
MARVIN CHAPIN	DIRECTOR	2.00	Director	$0	$0	$0
ALLEN MCFERRAN	CHAIRMAN & TREASURER	5.00	Officer Director	$0	$0	$0
PHILIP MERRY	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS MURPHY	EXECUTIVE DIRECTOR	40.00	Officer	$45,000	$0	$45,000

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
2018	$191,683	$242,461	$1,207,684	$-50,778

FIRST TEE OF FORT SMITH ARKANSAS INC