TIP OF THE MITT JUNIOR GOLF ASSOCIATION DBA THE FIRST TEE OF NORTHERN MICHIGAN (EIN 743149490) - 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

2005

Legal Domicile

Principal Officer

WILLIAM MARSHALL

Phone

2315263168

Tax Period

2024-01-01 to 2024-12-31

TIP OF THE MITT JUNIOR GOLF ASSOCIATION DBA THE FIRST TEE OF NORTHERN MICHIGAN, founded in 2005, is a small nonprofit in the Recreation & Sports sector that reported $385K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $343K left a modest 11% surplus.

Mission

PROVIDE PROGRAMS THAT BUILD CHARACTER, INSTILL VALUES AND PROMOTE HEALTHY CHOICES THROUGH GOLF.

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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 $228,996

Program Service Revenue $39,883

Investment Income $19,331

Other Revenue $96,857

TOTAL REVENUE $385,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $214,776

Fundraising Expenses $25,219

Program Expenses $257,088

Other Expenses $128,283

TOTAL EXPENSES $343,059

Year-over-Year Comparison

	2024	2023	Change
Revenue	$385,067	$283,360	+0.4%
Expenses	$343,059	$258,405	+0.3%
Net Income	$42,008	$24,955	+0.7%

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

$92,643

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH RICHTER	PRESIDENT	0.20	Officer Director	$0	$0	$0
SHAWN GRAY	VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
BILL MARSHALL	TREASURER	0.20	Officer Director	$0	$0	$0
SUZANNE HUBNER	SECRETARY	0.20	Officer Director	$0	$0	$0
ADRIANE DEWINDT	BOARD MEMBER	0.15	Director	$0	$0	$0
KRISTIN HASSE	BOARD MEMBER	0.15	Director	$0	$0	$0
DOUG POTTS	BOARD MEMBER	0.15	Director	$0	$0	$0
ANDI TOLZDORF	BOARD MEMBER	0.15	Director	$0	$0	$0
DICK STEWART	BOARD MEMBER	0.15	Director	$0	$0	$0
STEVE MCDIARMID	BOARD MEMBER	0.15	Director	$0	$0	$0
KEVIN MCKINLEY	EXECUTIVE DIRECTOR	40.00	Officer	$92,643	$0	$92,643

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	$385,067	$343,059	$439,200	$42,008
2023	$283,360	$258,405	$397,192	$24,955
2022	$244,983	$213,142	$372,237	$31,841
2021	$375,917	$173,127	$344,981	$202,790
2020	$173,731	$164,195	$141,732	$9,536
2019	$167,196	$185,156	$131,015	$-17,960
2018	$161,099	$211,283	$146,030	$-50,184

TIP OF THE MITT JUNIOR GOLF ASSOCIATION DBA THE FIRST TEE OF NORTHERN MICHIGAN