TOURNAMENTS FOR CHARITY C/O JOHN J… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

DANIEL SULLIVAN

Phone

6148896717

Tax Period

2024-01-01 to 2024-12-31

TOURNAMENTS FOR CHARITY C/O JOHN JANKOVIC, founded in 2003, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $31.9M in total revenue in fiscal year 2024.

Mission

CONDUCTED "THE DAVE AND OTHER GOLF TOURNAMENTS FOR THE BENEFIT OF THE DAVE THOMAS FOUNDATION FOR ADOPTION AND OTHER CHARITIES.

Program Service Accomplishments

Program 1

Expenses: $29,380,224 Revenue: $9,502,502

CONDUCTED GOLF TOURNAMENTS FOR THE FOLLOWING CLIENTS: THE DAVE, THE SAFELITE CHARITY CLASSIC, THE BIG LOTS FOUNDATION CHARITY GOLF CLASSIC, THE SODEXO CHARITY CLASSIC, THE STIFEL CHARITY CLASSIC, THE CLUB CAR CHAMPIONSHIP, COMPLIANCE SOLUTIONS CHAMPIONSHIP AND THE ALLY CHALLENGE. THESE TOURNAMENTS ARE CONDUCTED FOR THE BENEFIT OF VARIOUS CHARITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $22,274,743

Program Service Revenue $9,502,502

Investment Income $4,729

Other Revenue $159,588

TOTAL REVENUE $31,941,562

Expense Breakdown

Grants Paid $5,639,549

Salaries & Benefits $0

Fundraising Expenses $127,015

Program Expenses $29,380,224

Other Expenses $26,997,622

TOTAL EXPENSES $32,637,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,941,562	$31,664,190	+0.0%
Expenses	$32,637,171	$31,307,052	+0.0%
Net Income	$-695,609	$357,138	-2.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIP ERIKSEN	DIRECTOR	40.00	Director	$0	$0	$0
DANIEL SULLIVAN	PRESIDENT	20.00	Officer Director	$0	$0	$0
STEVEN NICKLAUS	CO-CHAIRMAN	5.00	Officer Director	$0	$0	$0
JOHN JANKOVIC	TREASURER	15.00	Officer Director	$0	$0	$0
DANIEL MAHER	SECRETARY	5.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$31,941,562	$32,637,171	$6,631,104	$-695,609
2023	$31,664,190	$31,307,052	$5,511,002	$357,138
2022	$30,871,077	$31,277,308	$4,728,556	$-406,231
2021	$26,375,151	$25,190,563	$4,978,426	$1,184,588
2020	$9,818,810	$9,918,828	$2,900,809	$-100,018
2019	$19,116,940	$19,061,409	$2,679,390	$55,531
2018	$16,982,624	$16,850,454	$5,141,752	$132,170

TOURNAMENTS FOR CHARITY C/O JOHN JANKOVIC