GOLF FORE CHARITY INC

EIN: 834091013 501(c)(3) Human Services

FRISCO, TX

Total Revenue
$444,763
Total Expenses
$427,438
Total Assets
$72,976
Net Assets
$72,976
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
TX
Principal Officer
MICHAEL BEEGHLY
Phone
9724847767
Tax Period
2023-01-01 to 2023-12-31

GOLF FORE CHARITY INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $445K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $427K left a modest 4% surplus.

Mission

THE ORGANIZATION HOLDS GOLF TOURNAMENTS IN NEW MEXICO AND ARIZONA AND DONATES THE PROCEEDS TO LOCAL FAMILY, COMMUNITY, AND CHILDRENS NON-PROFIT ORGANIZATIONS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $649,631
Program Service Revenue $0
Investment Income $0
Other Revenue $-204,868
TOTAL REVENUE $444,763

Expense Breakdown

Grants Paid $400,000
Salaries & Benefits $0
Fundraising Expenses $21,863
Program Expenses $400,000
Other Expenses $27,438
TOTAL EXPENSES $427,438

Year-over-Year Comparison

2023 2022 Change
Revenue $444,763 $390,547 +0.1%
Expenses $427,438 $387,560 +0.1%
Net Income $17,325 $2,987 +4.8%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
50

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE BEEGHLY PRESIDENT 5.00
Director
$0 $0 $0
DON ROBERTS DIRECTOR 5.00
Director
$0 $0 $0
GARY BJARKE DIRECTOR 5.00
Director
$0 $0 $0
BREANNA CLAYPOOL SECRETARY 5.00
Director
$0 $0 $0
MICHELLE TYLER DIRECTOR 5.00
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 No data No data No data No data
2023 $444,763 $427,438 $72,976 $17,325
2022 $390,547 $387,560 $55,651 $2,987
2021 $338,842 $316,141 $52,665 $22,701
2021 $332,786 $310,085 $22,701 $22,701
2020 $204,764 $174,667 $34,686 $30,097
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