West Palm Golf Community Trust Inc

Nonprofit profile at a glance

EIN
854141988
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-EZ 2020
Location
West Palm Beach, FL, USA
Phone
5617441033
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$16,251,707
Expenses
$13,275,193
Assets
$60,738,623
Liabilities
$4,816,467

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

Leadership & pay

16 people listed

Executive titles in this filing

  • SETH WAUGH (PRESIDENT/TREASURER)

Highest reported compensation

  • ROBERT CONLEY (GENERAL MANAGER): $484,467 total reported compensation
  • LEE MORRIS (DIRECTOR OF FOOD & BEVERAGW): $262,905 total reported compensation
  • DAVID ANDREWS (DIRECTOR OF THE PATH): $229,825 total reported compensation

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

Overview

Mission

The west palm golf community trust will impact the local youth and families of west palm beach through education, mentorship, and life skills development.

What it reported doing in 2024

The path is a community outreach program dedicated to empowering and inspiring the next generation of leaders in west palm beach. This diverse and inclusive community program provides programs that build character and life skills and introduce golf to the youth and families of our local community. The path's goal is to offer a range of programs that help children and young adults develop the skills and confidence they need to succeed in life. From homework help and financial literacy to stem, art, and college preparation, the path provides a well-rounded education that prepares our participants for success both on and off the course. The path specifically recruits needs-based students, ensuring everyone has access to the resources they need to succeed, regardless of their background or financial means. The path is committed to creating a welcoming and supportive environment where everyone can thrive.

Operating model

Revenue model
Earned-program. 63% of the money available for current operations came from fees and other program revenue.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 70
  • Accountability: 74
  • Sustainability: 73
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.7%; rating input score 84
  • Program expense ratio: 80.2%; rating input score 80
  • Fundraising efficiency: $207.97 raised per $1 spent on fundraising; rating input score 90; 90th percentile among comparable filings

Transparency & Controls

  • 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: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 18.3%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 4.58; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 11.5%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: 92.6% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 10.3% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 36.4% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 83.7% of revenue deployed · 80.2% of spending went to programs
  • Governance: 10 of 10 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $10.6M in reported program spending
  • Leadership: top reported pay $484K · 16 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $1M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 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.

Key Signals

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

  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • High — Sustainability: Officer compensation ratio scored 15/100.