MUSIC CITY DISC GOLF 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

2019

Legal Domicile

Principal Officer

ZACHARY HOY

Phone

7143987809

Tax Period

2023-01-01 to 2023-12-31

MUSIC CITY DISC GOLF INC, founded in 2019, is a small nonprofit in the Recreation & Sports sector that reported $148K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $188K exceeded revenue, resulting in a 27% operating deficit.

Mission

MUSIC CITY DISC GOLF INC IS DEDICATED TO THE GROWTH AND BETTERMENT OF DISC GOLF IN NASHVILLE AND SURROUNDING AREA AS A MEANS OF HEALTHFUL RECREATION AND PHYSICAL FITNESS AND TO ENCOURAGE MORE PLAYERS TO BE INVOLVED IN DISC GOLF.

Program Service Accomplishments

Program 1

Expenses: $177,584 Revenue: $141,910

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,300

Program Service Revenue $141,910

Investment Income $0

Other Revenue $0

TOTAL REVENUE $148,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $177,584

Other Expenses $188,249

TOTAL EXPENSES $188,249

Year-over-Year Comparison

	2023	2022	Change
Revenue	$148,210	$232,459	-0.4%
Expenses	$188,249	$193,938	0.0%
Net Income	$-40,039	$38,521	-2.0%

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

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
ZACHARY HOY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAY SKINNER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MITCH BAKER	TREASURER	1.00	Officer Director	$0	$0	$0
WHITNEY LIKEHART	SECRETARY	1.00	Officer Director	$0	$0	$0
RUTH MILLER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LIKEHART	DIRECTOR	1.00	Director	$0	$0	$0
AARON MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW KAISER	DIRECTOR	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
2023	$148,210	$188,249	$3,089	$-40,039
2022	$232,459	$193,938	$43,128	$38,521
2021	$293,367	$308,830	$4,607	$-15,463