MIDWEST SECTION PGA FOUNDATION (EIN 208550277) - 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

2007

Legal Domicile

Principal Officer

ADAM GREENO

Phone

8162296565

Tax Period

2024-01-01 to 2024-12-31

MIDWEST SECTION PGA FOUNDATION, founded in 2007, is a small nonprofit in the Recreation & Sports sector that reported $279K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $250K left a modest 10% surplus.

Mission

TO PROVIDE FINANCIAL ASSISTANCE AND/OR RESOURCES FOR QUALIFIED CHARITABLE ORGANIZATIONS AND EDUCATIONAL PURPOSES. THE MIDWEST FOUNDATION WILL CREATE AND ESTABLISH ACTIVITY-BASED AND EDUCATIONAL GOLF PROGRAMS WHICH CONVEY THE SOCIAL AND LIFE VALUES OF THE GAME REGARDLESS OF HEALTH CONDITIONS, GENDER, AGE, SOCIOECONOMIC BACKGROUND, OR PLAYING ABILITY.

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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 $71,170

Program Service Revenue $183,362

Investment Income $24,512

Other Revenue $0

TOTAL REVENUE $279,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,500

Program Expenses $199,198

Other Expenses $250,339

TOTAL EXPENSES $250,339

Year-over-Year Comparison

	2024	2023	Change
Revenue	$279,044	$219,531	+0.3%
Expenses	$250,339	$150,836	+0.7%
Net Income	$28,705	$68,695	-0.6%

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
DAVID RESCH	BOARD MEMBER	1.00	Director	$0	$0	$0
TY KEISKER	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILLIP ALBRECHT	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEE HARMON	BOARD MEMBER	1.00	Director	$0	$0	$0
COURTNEY MAHON	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE KING	HONORARY PRESIDENT	1.00	Officer Director	$0	$0	$0
SEAN HANNA	PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT WEMPE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LUKE SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
ADAM GREENO	EXECUTIVE DIRECTOR	20.00	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	$279,044	$250,339	$555,624	$28,705
2023	$219,531	$150,836	$509,992	$68,695
2022	$152,920	$103,400	$475,346	$49,520
2021	$130,110	$77,655	$461,296	$52,455
2020	$122,368	$76,745	$393,811	$45,623
2019	$142,856	$100,183	$359,936	$42,673

MIDWEST SECTION PGA FOUNDATION