Hempstead Golf Club Inc

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

22 people listed

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

To provide a private golf course, food and beverage service, and other recreational activities including pool, tennis, and bowling to its members.

Tax exempt club activities.

Revenue model: Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

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

Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Missing
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: 2.9%; rating input score 46; 46th percentile among comparable filings
Total-asset coverage ratio: 1.23; rating input score 43; 43rd percentile among comparable filings
Liabilities to assets ratio: 0.51; rating input score 28; 28th percentile among comparable filings
Officer compensation ratio: 13.2%; rating input score 11; 11th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 3.4% per year; rating input score 100; 29th percentile among comparable filings
Asset growth: 2.1% per year; rating input score 100; 18th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 15 of 15 board members independent · 7 of 8 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $296K · 22 people listed · 1 of 6 pay-setting controls reported
Consistency: 13 of 13 current checks pass
Schedules: 4 filed schedules · includes executive pay
Filing history: 10 filing years from 2015 to 2024
Contacts: How to reach this organization
Money network: 7 filed money-flow records
Related organizations: 1 filed related-organization link
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.
Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

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

Moderate — Sustainability: Operating margin scored 46/100.
Review — Accountability: Governance controls: Form 990 shared with the board not reported.
Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
High — Sustainability: Officer compensation ratio scored 11/100.
High — Sustainability: Liabilities to assets ratio scored 28/100.