Friends of Basin Harbor Golf Inc

Nonprofit profile at a glance

EIN
854231681
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Waltham, VT, USA
Phone
8023243683
Rating confidence
Limited
Sector
Recreational l Clubs

Reported finances

Revenue
$0
Expenses
$8,783
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • DANIEL MORRIS (PRESIDENT)

People named in this filing

  • JOSEPH CROMARTY (SECRETARY)
  • TREADWAY MINK (VICE PRESIDE)
  • DANIEL MORRIS (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The primary purpose of the organization is to support the golf club at basin harbor and to ensure its viability and use for the benefit of this organization's membership.

What it reported doing in 2025

In the spring of 2020, the covid-19 pandemic threatened the survival of the basin harbor resort. The owners of the resort made the difficult decision to close the golf course. Friends of basin harbor golf, inc. (fbhg) was formed to aid in helping to save the golf course after this decision was made by basin harbor resort. A new operating agreement was executed between clark golf management llc (cgm) and basin harbor resort. It is a five year management agreement with a duration of 5 years and an option to renew. Cgm is the new operator of the golf course and assumes all revenues, risk and profit/loss. Basin harbor/beach properties, inc. Continues to own the property but receives no revenues from the golf operation. Due to the current financial support of fbhg, inc. And the new operating model, it appears the golf course will survive. Members play golf in season. Based on their initial assessments, members play for up to four years based on dues paid to fbhg, inc. Or they pay separately to cgm to play. The majority of the members' dues, membership fees and assessments are paid, or will be paid to cgm for direct costs associated with the operation of the facility.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 8
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 82%; rating input score 82
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: -53.3% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -73.7% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -61.1% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 82% of spending went to programs
  • Governance: 35 of 35 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 11 of 11 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.