Spooner Golf Club Inc

What it reported doing in 2024

Spooner golf club, inc. Is a Wisconsin non-stock corporation organized for the purpose of owning and operating a public golf course in the community of spooner, wi located in the northwestern part of the state. Sgc currently maintains an eighteen hole golf course. Its facilities include a clubhouse, two practice greens and a driving range. All facilities are open to the general public. Approximately 15,000 to 16,500 rounds of golf are played at sgc each season, with about 36-40% of those being played by members. Sgc's approximate membership each year is 100 single, 50 couples, 5 family memberships and 15 young adults. There are also various events each year, including clinics, tournaments, junior golf days, other golfing events, and various leagues, which are fully open to members and non-members alike, with only two exceptions. In addition to the normal operation of the course for public use, including recreational leagues, handicap scoring, and instruction; sgc engages in many activities for the purpose of promoting the game of golf for the benefit of the community. Sgc has various programs that allow young golfers access to both the game of golf and sgc's facilities on a regular basis. This is done with little or no cost to the individual. Our pga golf professional offers an annual junior golf program. The program includes coaching and guidance, as well as complementary use of the range and course on days the junior program runs. Sgc provides free use of the driving range and golf course for the spooner high school golf teams. The boys golf team practices and plays in the springtime, with the girls golf team playing at the end of the season in the fall. The students are encouraged to practice and play and are allowed range balls and playing privledges free of charge while on the team. Also, spooner high school plays its golf matches versus other schools at sgc. Neither team is charged for the use of the facility in these matches. Sgc also hosts three community tournaments on an annual basis which are fund-raisers for the spooner chamber of commerce, spooner health, and the spooner fire department. These tournaments are for the charitable purpose of raising funds for the respective organizations. All entrants pay an entry fee that is applied toward greens fees and prizes. Sgc collects reduced rate greens fees from members and non-members who play in these events. Any additional proceeds go directly to the organization that the tournament is intended to benefit.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 97.2%; rating input score 97
• 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; 63rd 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: 6.7%; rating input score 54; 54th percentile among comparable filings
• Total-asset coverage ratio: 1.19; rating input score 48; 48th percentile among comparable filings
• Liabilities to assets ratio: 0.3; rating input score 25; 25th percentile among comparable filings
• Officer compensation ratio: 0.2%; rating input score 61; 61st percentile among comparable filings

Growth

• Program expense growth: 3.1% per year; rating input score 100; 32nd percentile among comparable filings
• Revenue growth: 4.2% per year; rating input score 100; 38th percentile among comparable filings
• Asset growth: -1.1% per year; rating input score 0; 14th percentile among comparable filings