TIGER WOODS CHARITY EVENT CORP

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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

1999

Legal Domicile

Principal Officer

CYNDI COURT

Phone

9497253003

Tax Period

2023-10-01 to 2024-09-30

TIGER WOODS CHARITY EVENT CORP, founded in 1999, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $55.5M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO FUNCTION AS A SUPPORTING ORGANIZATION IN THE FURTHERANCE OF THE CHARITABLE ACTIVITIES, EDUCATIONAL PROGRAMS FOR YOUTH, AND THE GOALS OF THE TIGER WOODS FOUNDATION, INC., A PUBLICLY SUPPORTED ORGANIZATION FORMED AND QUALIFIED UNDER SECTION 501(C)(3) OF THE IRC.

Program Service Accomplishments

Program 1

Expenses: $54,455,537 Revenue: $50,056,546

TGR LIVE RAISES FUNDS FOR THE TGR FOUNDATION AND ITS EDUCATIONAL PROGRAMS. THE CHARITY CREATES UNIQUE EXPERIENCES FOR ALL DONORS AND GUESTS, WHILE HELPING YOUNG SCHOLARS AND STUDENTS TO ACHIEVE THEIR LIFE GOALS THROUGH TGR FOUNDATION'S EDUCATIONAL PROGRAMS. TGR LIVE PRODUCED 5 CHARITABLE EVENTS DURING THE YEAR OF 10/01/2023 THROUGH 9/30/2024. FOR DETAILED EVENT INFORMATION SEE SCHEDULE O.

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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 $3,841,685

Program Service Revenue $50,056,546

Investment Income $393,406

Other Revenue $1,258,134

TOTAL REVENUE $55,549,771

Expense Breakdown

Grants Paid $9,729,044

Salaries & Benefits $3,593,403

Fundraising Expenses $544,034

Program Expenses $54,455,537

Other Expenses $42,225,655

TOTAL EXPENSES $55,548,102

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,549,771	$49,591,593	+0.1%
Expenses	$55,548,102	$49,584,922	+0.1%
Net Income	$1,669	$6,671	-0.7%

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

1109

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

$648,299

Total Directors

$252,796

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNDI COURT	CEO/SECRETARY	15.00	Officer Director	$53,802	$7,590	$252,796
CHRIS HUBMAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MCKEE	DIRECTOR	1.00	Director	$0	$0	$0
JIN THATCHER	COO/TREASURER	1.00	Officer	$0	$49,239	$395,503
MICHELLE A BEMIS	PRESIDENT	40.00	Highest	$349,964	$29,888	$379,852
MICHAEL P ANTOLINI	SR. VICE PRESIDENT	40.00	Highest	$281,185	$31,760	$312,945
DANIEL F CALLAHAN	ASSOCIATE VP	40.00	Highest	$199,499	$54,572	$254,071
DAVID S KLEWAN	GENERAL MANAGER	40.00	Highest	$220,860	$41,959	$262,819
MATTHEW S CUSICK	DIRECTOR	40.00	Highest	$193,081	$30,357	$223,438

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	$55,549,771	$55,548,102	$27,458,390	$1,669
2023	$49,591,593	$49,584,922	$23,965,748	$6,671
2022	$47,950,992	$47,852,646	$25,173,092	$98,346
2021	$23,227,782	$23,227,407	$9,536,474	$375
2020	$42,700,735	$42,681,963	$13,263,042	$18,772
2019	$43,003,216	$42,996,549	$18,453,143	$6,667
2018	$58,439,344	$58,400,825	$14,722,620	$38,519