TIGER WOODS CHARITY EVENT CORP

EIN: 061554474 501(c)(3) Philanthropy & Grantmaking

IRVINE, CA

Total Revenue
$55,549,771
Total Expenses
$55,548,102
Total Assets
$27,458,390
Net Assets
$994,752
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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
CA
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

SUPPORTS THE PROGRAMS OF THE TIGER WOODS FOUNDATION INCLUDING ITS MULTIPLE EDUCATIONAL LEARNING CENTERS, NATIONAL SCHOLARSHIP PROGRAM AND VIRTUAL EDUCATIONAL OPPORTUNITIES.

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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%)

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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

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Governance

Voting Members
3
Independent Members
2
Employees
28
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
2
$648,299
Total Directors
3
$252,796
Key Employees
0
$0
Highest Compensated
5
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
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