Pine Tree Golf Club Incorporated

Nonprofit profile at a glance

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

17 people listed

JOSEPH SPADAFORA (GENERAL MANAGER): $260,290 total reported compensation
JAMES DAVIS (COURSE SUPERINTENDENT THROUGH 4/15/25): $246,009 total reported compensation
JOSEPH PANTALEO (GOLF AGRONOMIST THROUGH 8/1/24): $211,522 total reported compensation

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

Maintaining a golf club and related facilities to bind its members together by a common objective directed at pleasure and recreation.

Maintaining a golf club and related facilities.

Revenue model: Earned-program. 96% 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; 63rd percentile among comparable filings
Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 63rd 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: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: -12.6%; rating input score 11; 11th percentile among comparable filings
Total-asset coverage ratio: 2.86; rating input score 72; 72nd percentile among comparable filings
Liabilities to assets ratio: 0.27; rating input score 37; 37th percentile among comparable filings
Officer compensation ratio: 9.4%; rating input score 32; 32nd percentile among comparable filings

Program expense growth: Limited
Revenue growth: 4.8% per year; rating input score 100; 40th percentile among comparable filings
Asset growth: 6.5% per year; rating input score 100; 42nd percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 9 of 9 board members independent · 7 of 8 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $260K · 17 people listed · 2 of 6 pay-setting controls reported
Highest-paid contractors: 1 contractor listed · $198K reported
Consistency: 12 of 12 current checks pass
Schedules: 3 filed schedules · includes executive pay
Filing history: 14 filing years from 2011 to 2024
Contacts: How to reach this organization
Money network: 5 filed money-flow records
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.

High — Sustainability: Operating margin scored 11/100.
Review — Accountability: Governance controls: Document-retention policy not reported.
Moderate — Sustainability: Officer compensation ratio scored 32/100.
Moderate — Sustainability: Liabilities to assets ratio scored 37/100.