NEW ENGLAND SECTION PROFESSIONAL GOLFERS ASSOCIATION OF AMERICA INC (EIN 042529830) - Form 990 Financial Analysis & Trantor Score

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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

1972

Legal Domicile

Principal Officer

MICHAEL HIGGINS

Phone

5088690000

Tax Period

2023-01-01 to 2023-12-31

NEW ENGLAND SECTION PROFESSIONAL GOLFERS ASSOCIATION OF AMERICA INC, founded in 1972, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $3.8M left a modest 11% surplus.

Mission

THE MISSION OF THE NEW ENGLAND SECTION PGA IS TO PROMOTE THE ENJOYMENT AND INVOLVEMENT IN THE GAME OF GOLF AND TO CONTRIBUTE TO ITS GROWTH BY PROVIDING SERVICES TO GOLF PROFESSIONALS AND THE GOLF INDUSTRY. THE NEW ENGLAND SECTION PGA WILL ACCOMPLISH THIS MISSION BY ENHANCING THE SKILLS OF ITS PROFESSIONALS AND THE OPPORTUNITIES FOR AMATEURS, MANUFACTURERS, EMPLOYEES AND THE GENERAL PUBLIC. IN DOING SO, THE NEW ENGLAND SECTION PGA WILL ELEVATE STANDARDS OF THE GOLF PROFESSIONALS' VOCATION, ENHANCE THE ECONOMIC WELL BEING OF THE INDIVIDUAL MEMBER, STIMULATE INTEREST IN THE GAME OF GOLF, AND PROMOTE THE OVERALL VITALITY OF THE GAME.

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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 (2023)

Revenue Breakdown

Contributions & Grants $245,092

Program Service Revenue $3,967,095

Investment Income $88,499

Other Revenue $2,550

TOTAL REVENUE $4,303,236

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $702,585

Fundraising Expenses $0

Other Expenses $3,109,304

TOTAL EXPENSES $3,814,389

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,303,236	$3,864,527	+0.1%
Expenses	$3,814,389	$3,747,708	+0.0%
Net Income	$488,847	$116,819	+3.2%

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

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

$241,196

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID JANKOWSKI	DIRECTOR	0.50	Director	$0	$0	$0
CORY MANSFIELD	DIRECTOR	0.50	Director	$0	$0	$0
LOU RIVERS	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS CARPENTER	DIRECTOR	0.50	Director	$0	$0	$0
DON ROBERTS	DIRECTOR	0.50	Director	$0	$0	$0
MARK ALDRICH	DIRECTOR	0.50	Director	$0	$0	$0
JIM REMY	DIRECTOR	0.50	Director	$0	$0	$0
JEFF MARTIN	DIRECTOR	0.50	Director	$0	$0	$0
BEN EGAN	DIRECTOR	0.50	Director	$0	$0	$0
CHIP JOHNSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOANNE FLYNN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BRENDAN WALSH	SECRETARY	2.00	Officer Director	$0	$0	$0
MIKE BRADSHAW	HONORARY PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL HIGGINS	EXECUTIVE DIRECTOR	55.00	Officer	$229,858	$11,338	$241,196

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	No data	No data	No data	No data
2023	$4,303,236	$3,814,389	$4,180,012	$488,847
2022	$3,864,527	$3,747,708	$3,747,004	$116,819
2021	$3,841,332	$3,459,362	$3,506,395	$381,970
2020	$1,992,391	$1,961,103	$2,826,044	$31,288
2019	$2,904,646	$3,034,035	$2,773,869	$-129,389

NEW ENGLAND SECTION PROFESSIONAL GOLFERS ASSOCIATION OF AMERICA INC