CONNECTICUT SECTION PGA GOLF FOUNDATION INC (EIN 061416576) - 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

1995

Legal Domicile

Principal Officer

TIMOTHY PARAGONE

Phone

8604302302

Tax Period

2024-01-01 to 2024-12-31

CONNECTICUT SECTION PGA GOLF FOUNDATION INC, founded in 1995, is a small nonprofit in the Recreation & Sports sector that reported $613K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $126K, a strong 21% operating margin.

Mission

SINCE ITS INCEPTION, ONE OF THE PRIMARY OBJECTIVES OF THE FOUNDATION HAS BEEN THE SUPPORT OF YOUTH PROGRAMS AND UNDERPRIVILEGED YOUTH PROGRAMS. THE FOUNDATION STRIVES TO HELP FUND THESE INTIATIVES AND MANY OTHERS INCLUDING PROGRAMS THAT SERVE SPECIAL OLYMPIANS AND PHYSICALLY CHALLENGED GOLFERS.

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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 $344,527

Program Service Revenue $229,490

Investment Income $54,618

Other Revenue $-15,249

TOTAL REVENUE $613,386

Expense Breakdown

Grants Paid $104,200

Salaries & Benefits $0

Fundraising Expenses $380

Program Expenses $427,477

Other Expenses $382,890

TOTAL EXPENSES $487,090

Year-over-Year Comparison

	2024	2023	Change
Revenue	$613,386	$480,669	+0.3%
Expenses	$487,090	$463,561	+0.1%
Net Income	$126,296	$17,108	+6.4%

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
SEAN BUSCA	DIRECTOR	1.00	Director	$0	$0	$0
ROB BARBEAU	DIRECTOR	1.00	Director	$0	$0	$0
GEOFF GRZYWINSKI	DIRECTOR	1.00	Director	$0	$0	$0
STAN MCLENNAN	DIRECTOR	1.00	Director	$0	$0	$0
GARY REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
FRANK SELVA	DIRECTOR	1.00	Director	$0	$0	$0
RON PFAEFFLIN	DIRECTOR	1.00	Director	$0	$0	$0
GARY WOLFF	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BRAY	DIRECTOR	1.00	Director	$0	$0	$0
GREG SHETTLE	DIRECTOR	1.00	Director	$0	$0	$0
ROGER GELFENBEIN	DIRECTOR	1.00	Director	$0	$0	$0
BOB SPARKS	EX-OFFICIO DIRECTOR	1.00	Director	$0	$0	$0
ANDREW CAMPBELL	PRESIDENT/TREASURER	2.00	Officer Director	$0	$0	$0
TOM HALSTED	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JEFF BEYER	SECRETARY	2.00	Officer Director	$0	$0	$0
TIM PARAGONE	CHIEF EXECUTIVE OFFICER	10.00	Officer	$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	$613,386	$487,090	$728,092	$126,296
2023	$480,669	$463,561	$585,844	$17,108
2022	$428,695	$415,916	$567,775	$12,779
2021	$332,982	$324,318	$634,182	$8,664
2020	$172,519	$211,966	$639,872	$-39,447
2019	$378,687	$408,436	$571,303	$-29,749

CONNECTICUT SECTION PGA GOLF FOUNDATION INC