ARIZONA GOLF FOUNDATION

EIN: 860761350 501(c)(3) Recreation & Sports

SCOTTSDALE, AZ

Total Revenue
$292,919
Total Expenses
$183,038
Total Assets
$223,925
Net Assets
$97,150
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
AZ
Principal Officer
JOSEPH FOLEY as of 0622
Phone
6029443035
Tax Period
2022-01-01 to 2022-12-31

ARIZONA GOLF FOUNDATION, founded in 1994, is a small nonprofit in the Recreation & Sports sector that reported $293K in total revenue in fiscal year 2022. Revenue surged 225% from the prior year, signaling strong growth momentum. The organization ran a surplus of $110K, a strong 38% operating margin.

Mission

The mission of the Arizona Golf Foundation is to perform research on the economic benefits of golf in Arizona, including turf research to improve and benefit the environment, promote junior golf, and assist in the development of low cost public golf courses in Arizona. Also, the establishment and support of the Arizona Golf Hall of Fame.

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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 (2022)

Revenue Breakdown

Contributions & Grants $199,374
Program Service Revenue $93,545
Investment Income $0
Other Revenue $0
TOTAL REVENUE $292,919

Expense Breakdown

Grants Paid $80,059
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $162,465
Other Expenses $102,979
TOTAL EXPENSES $183,038

Year-over-Year Comparison

2022 2021 Change
Revenue $292,919 $90,188 +2.2%
Expenses $183,038 $63,015 +1.9%
Net Income $109,881 $27,173 +3.0%
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

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Governance

Voting Members
8
Independent Members
7
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
5
$304,034
Total Directors
9
$304,034
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH FOLEY as of 0622 Executive Dir. 10.00
Officer Director
$0 $0 $131,854
EDWARD GOWAN until 0622 Executive Dir. 10.00
Officer Director
$0 $4,924 $128,966
LORRAINE THIES Treasurer 5.00
Officer Director
$0 $0 $43,214
FRED HINKLE BOARD MEMBER 1.00
Director
$0 $0 $0
JAY ANDERSON President 1.00
Director
$0 $0 $0
DREW WOODS Secretary 5.00
Officer Director
$0 $0 $0
JACKIE BERTSCH BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE DERMINIO President 2.00
Officer Director
$0 $0 $0
JOSH EVENSON BOARD MEMBER 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
2022 $292,919 $183,038 $223,925 $109,881
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