FRIENDS OF GOLF INC C/O GELFAND RE… - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

WILLIAM L HARPER

Phone

3105531707

Tax Period

2021-07-01 to 2022-06-30

FRIENDS OF GOLF INC C/O GELFAND RENNERT & FELDMAN LLC, founded in 1979, is a small nonprofit that reported $198K in total revenue in fiscal year 2021. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $415K exceeded revenue, resulting in a 110% operating deficit.

Mission

RAISE MONEY FOR ORGANIZATIONS (PRIMARILY COLLEGES AND UNIVERSITIES) TO ASSIST THEM IN THE ESTABLISHMENT AND/OR MAINTENANCE OF GOLF PROGRAMS OR TO PROVIDE SCHOLARSHIPS TO STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $160,100

PAYMENTS TO UNIVERSITIES FOR SUPPORT OF GOLF PROGRAMS. SEE SCHEDULE O.

Program 2

Expenses: $109,600

PAYMENTS TO HIGH SCHOOLS FOR SUPPORT OF GOLF PROGRAMS. SEE SCHEDULE O.

Program 3

Expenses: $87,000

PAYMENTS TO OTHER ORGANIZATIONS FOR SUPPORT OF GOLF PROGRAMS. SEE SCHEDULE O.

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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 (2021)

Revenue Breakdown

Contributions & Grants $279,045

Program Service Revenue $0

Investment Income $43,126

Other Revenue $-124,482

TOTAL REVENUE $197,689

Expense Breakdown

Grants Paid $356,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $356,700

Other Expenses $58,382

TOTAL EXPENSES $415,082

Year-over-Year Comparison

	2021	2020	Change
Revenue	$197,689	$169,580	+0.2%
Expenses	$415,082	$228,113	+0.8%
Net Income	$-217,393	$-58,533	+2.7%

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

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
WILLIAM ANDERSON	DIRECTOR	0.0	Director	$0	$0	$0
KEVIN G BOYLAN	DIRECTOR	0.0	Director	$0	$0	$0
SAL CIMBOLO	CEO	18.0	Officer Director	$0	$0	$0
WILLIAM COFFIN	DIRECTOR	0.0	Director	$0	$0	$0
RICHARD P CRANE JR	DIRECTOR	0.0	Director	$0	$0	$0
IAN HE CROCKETT	DIRECTOR	2.0	Director	$0	$0	$0
TOM DEBROWSKI	DIRECTOR	0.0	Director	$0	$0	$0
SCOTT DIEHL	DIRECTOR	0.0	Director	$0	$0	$0
WILLIAM L HARPER JR	TREASURER	5.0	Officer Director	$0	$0	$0
SHARON HILLS	DIRECTOR	2.0	Director	$0	$0	$0
JOHN HOFFMAN	PRESIDENT	7.0	Officer Director	$0	$0	$0
DAVID HOUCK	DIRECTOR	1.0	Director	$0	$0	$0
AL KEAHI	DIRECTOR	5.0	Director	$0	$0	$0
CADE MCNOWN	DIRECTOR	0.0	Director	$0	$0	$0
MASON MERRINS	DIRECTOR	0.0	Director	$0	$0	$0
JOHN G MORRIS	DIRECTOR	0.0	Director	$0	$0	$0
GREGORY W PENSKE	DIRECTOR	0.0	Director	$0	$0	$0
DAVE PODAS	DIRECTOR	1.0	Director	$0	$0	$0
PAT POSEY	DIRECTOR	1.0	Director	$0	$0	$0
DAVID RENEKER	DIRECTOR	0.0	Director	$0	$0	$0
THOMAS L ROLEY	DIRECTOR	0.0	Director	$0	$0	$0
BARRY THURSTON	DIRECTOR	0.0	Director	$0	$0	$0
WINSLOW E UEBEL	DIRECTOR	0.0	Director	$0	$0	$0
ALEX CHEHANSKY	DIRECTOR	0.0	Director	$0	$0	$0
JOSEPH FIELDS	DIRECTOR	0.0	Director	$0	$0	$0
JOSEPH SINDELAR JR	DIRECTOR	0.0	Director	$0	$0	$0
PETER BEST	VICE PRESIDENT	0.0	Officer Director	$0	$0	$0
GARRET BLAND	DIRECTOR	0.0	Director	$0	$0	$0
WILLIAM FINESTONE	DIRECTOR	0.0	Director	$0	$0	$0
BRENT GLEDHILL	DIRECTOR	0.0	Director	$0	$0	$0
BOB SOMERS	DIRECTOR	0.0	Director	$0	$0	$0
RICK TAYLOR	DIRECTOR	0.0	Director	$0	$0	$0
ROBERT FRENCH	Director	0.0	Director	$0	$0	$0
Ted Coyne	Director	0.0	Director	$0	$0	$0
Andrew McDonald	DIRECTOR	0.0	Director	$0	$0	$0
Stephen Lombardo	Director	0.0	Director	$0	$0	$0
Frank Verducci	Director	0.0	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
2024	No data	No data	No data	No data
2022	$197,689	$415,082	$898,853	$-217,393
2021	$169,580	$228,113	$1,252,414	$-58,533

FRIENDS OF GOLF INC C/O GELFAND RENNERT & FELDMAN LLC