PHILADELPHIA SECTION P G A INC (EIN 231887681) - 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

1972

Legal Domicile

Principal Officer

GEOFFREY SURRETTE

Phone

2158867742

Tax Period

2023-01-01 to 2023-12-31

PHILADELPHIA SECTION P G A INC, founded in 1972, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $2.8M left a modest 5% surplus.

Mission

TO PROMOTE THE ENJOYMENT AND INVOLVEMENT IN THE GAME OF GOLF AND TO CONTRIBUTE TO THE GROWTH OF THE GOLF PROFESSIONAL AND THE GOLF INDUSTRY. THE PHILADELPHIA SECTION WILL ACCOMPLISH THIS MISSION BY ENHANCING THE SKILLS OF GOLF PROFESSIONALS AND THE OPPORTUNITIES FOR AMATEURS, MANUFACTURERS, AND THE GENERAL PUBLIC. AS A RESULT, THE PHILADELPHIA SECTION WILL ELEVATE THE STANDARDS OF THE PROFESSIONAL GOLFER'S VOCATION, STIMULATE INTEREST IN THE GAME OF GOLF, AND PROMOTE THE OVERALL VITALITY OF THE GAME.

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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 $0

Program Service Revenue $2,888,836

Investment Income $35,549

Other Revenue $9,747

TOTAL REVENUE $2,934,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $757,582

Fundraising Expenses $0

Other Expenses $2,036,022

TOTAL EXPENSES $2,793,604

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,934,132	$2,384,531	+0.2%
Expenses	$2,793,604	$2,314,310	+0.2%
Net Income	$140,528	$70,221	+1.0%

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

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

$194,216

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHIP RICHTER PGA	PRESIDENT	2.00	Officer Director	$0	$0	$0
BOB HENNEFER PGA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ERIC KENNEDY PGA	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICK SHINE PGA	HONORARY PRESIDENT	1.00	Director	$0	$0	$0
ANTHONY MALIZIA PGA	DIRECTOR OF SECTION AFFAIR	1.00	Director	$0	$0	$0
DUSTIN MCCORMICK PGA	TOURNAMENT DIRECTOR	2.00	Director	$0	$0	$0
ELLENOR GOOD	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
CURTIS KIRKPATRICK PGA	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT CHISHOLM PGA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CALDWELL PGA	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BREINER PGA	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MOLINO PGA	DIRECTOR	1.00	Director	$0	$0	$0
TOM MICHAELS PGA	DIRECTOR	1.00	Director	$0	$0	$0
TOM GILBERT PGA	DIRECTOR	1.00	Director	$0	$0	$0
GEOFFREY SURRETTE PGA	EXECUTIVE DIRECTOR	50.00	Officer	$160,996	$33,220	$194,216

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	No data	No data	No data	No data
2023	$2,934,132	$2,793,604	$2,089,431	$140,528
2022	$2,384,531	$2,314,310	$1,933,539	$70,221
2021	$2,496,327	$2,437,335	$1,922,995	$58,992
2020	$1,682,487	$1,608,437	$1,821,881	$74,050
2019	$2,321,839	$2,388,440	$1,678,690	$-66,601

PHILADELPHIA SECTION P G A INC