PGA REACH CAROLINAS FOUNDATION (EIN 203708530) - 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

2003

Legal Domicile

Principal Officer

JEFFREY ABBOT

Phone

3363982742

Tax Period

2024-01-01 to 2024-12-31

PGA REACH CAROLINAS FOUNDATION, founded in 2003, is a community nonprofit in the Youth Development sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 10% surplus.

Mission

THE PGA REACH CAROLINAS FOUNDATION IS A 501(C)(3) NONPROFIT ORGANIZATION AND PHILANTHROPIC ARM OF THE CAROLINAS PGA SECTION. WE ARE COMMITTED TO SERVING OUR COMMUNITIES AND GROWING THE GAME OF GOLF THROUGH OUR THREE PILLARS- YOUTH, MILITARY, AND DIVERSITY & INCLUSION.

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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 $1,242,695

Program Service Revenue $103,806

Investment Income $52,185

Other Revenue $3,253

TOTAL REVENUE $1,401,939

Expense Breakdown

Grants Paid $102,828

Salaries & Benefits $0

Fundraising Expenses $18,054

Program Expenses $1,062,303

Other Expenses $1,157,000

TOTAL EXPENSES $1,259,828

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,401,939	$1,074,249	+0.3%
Expenses	$1,259,828	$847,941	+0.5%
Net Income	$142,111	$226,308	-0.4%

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

420

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

$429,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH WAGAMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF AVANT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BEN BRIDGERS	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS BYRD	PAST PRESIDENT	1.00	Director	$0	$0	$0
KEN HAIGLER	TRUSTEE	1.00	Director	$0	$0	$0
JEFF ABBOT	EXECUTIVE DIRECTOR	10.00	Officer	$0	$17,267	$429,200

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	$1,401,939	$1,259,828	$1,947,338	$142,111
2023	$1,074,249	$847,941	$1,318,457	$226,308
2022	$684,375	$458,443	$1,030,731	$225,932
2021	$740,385	$355,554	$1,207,536	$384,831
2020	$316,469	$284,755	$613,593	$31,714
2019	$338,028	$325,488	$585,627	$12,540

PGA REACH CAROLINAS FOUNDATION