OLD WORKS GOLF COURSE INC

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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

1993

Legal Domicile

Principal Officer

DARYL DODD

Phone

4804770545

Tax Period

2024-01-01 to 2024-12-31

OLD WORKS GOLF COURSE INC, founded in 1993, is a community nonprofit in the Recreation & Sports sector that reported $2.1M in total revenue in fiscal year 2024. Expenses of $2.0M left a modest 8% surplus.

Mission

TO OPERATE, MANAGE, AND MAINTAIN GOLF COURSE AND IMPROVEMENTS WHILE PROVIDING HISTORIC PRESERVATION OF THE SITES AND FACILITIES, ECONONOMIC DEVELOPMENT FOR THE CITY-COUNTY.

Program Service Accomplishments

Program 1

Expenses: $1,440,173 Revenue: $2,136,524

OLD WORKS GOLF COURSE (OWGC) AFFECTS THE LOCAL ECONOMY BY DRAWING VISITORS INTO THE REGION, REINVESTING COURSE REVENUES IN THE LOCAL COMMUNITY, AND CREATING JOBS. VISITORS WHO COME FOR GOLF SPEND...

OLD WORKS GOLF COURSE (OWGC) AFFECTS THE LOCAL ECONOMY BY DRAWING VISITORS INTO THE REGION, REINVESTING COURSE REVENUES IN THE LOCAL COMMUNITY, AND CREATING JOBS. VISITORS WHO COME FOR GOLF SPEND MONEY AT LOCAL BUSINESSES, INCLUDING RESTAURANTS, HOTELS AND MOTELS, AND RETAIL SHOPS. OWGC OPERATIONS DIRECTLY SUPPORT LOCAL AND REGIONAL RETAILERS AND WHOLESALERS AS OWGC PURCHASES GOODS AND SERVICES WITH REVENUES. THESE HIGHER SPENDING PATTERNS SUPPORT LOCAL JOBS IN INDUSTRIES THAT SUPPORT TOURISM, IN ADDITION TO THE POSITIONS THAT OWGC SUPPORTS DIRECTLY THROUGH COURSE OPERATIONS.

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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 $0

Program Service Revenue $1,536,490

Investment Income $0

Other Revenue $600,034

TOTAL REVENUE $2,136,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,440,173

Other Expenses $1,964,350

TOTAL EXPENSES $1,964,350

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,136,524	$2,066,832	+0.0%
Expenses	$1,964,350	$1,782,675	+0.1%
Net Income	$172,174	$284,157	-0.4%

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

N/A

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
DARYL DODD	CHAIR	1.00	Officer Director	$0	$0	$0
ALLEN GREEN	CEO DESIGNEE	1.00	Director	$0	$0	$0
CON MALEE	SECRETARY	1.00	Officer Director	$0	$0	$0
GARY CARLSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT ROSSBERG	MEMBER	1.00	Director	$0	$0	$0
MIKE BEAUSOLEIL	COMMISSIONER	1.00	Officer Director	$0	$0	$0
ED BEAUDETTE	COMMISSIONER	1.00	Officer Director	$0	$0	$0
ARCO - LOREN BURMEISTER	EX-OFFICIO	1.00	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	$2,136,524	$1,964,350	$3,720,350	$172,174
2023	$2,066,832	$1,782,675	$3,662,581	$284,157
2022	$3,159,460	$1,354,296	$3,352,972	$1,805,164
2021	$1,629,598	$1,226,341	$1,606,341	$403,257
2020	$1,325,805	$1,007,935	$745,455	$317,870
2019	$1,254,037	$1,300,518	$520,899	$-46,481
2018	$1,221,314	$1,300,767	$681,179	$-79,453