COLORADO SECTION OF THE PROFESSIONAL GOLFERS ASSOCIATION (EIN 237237337) - 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

STEVEN BARTKOWSKI

Phone

3036810742

Tax Period

2023-01-01 to 2023-12-31

COLORADO SECTION OF THE PROFESSIONAL GOLFERS ASSOCIATION, founded in 1972, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum.

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 COLORADO SECTION WILL ACCOMPLISH THIS MISSION BY ENHANCING THE SKILLS OF GOLF PROFESSIONALS AND THE OPPORTUNITIES FOR AMATEURS, MANUFACTURERS, AND GENERAL PUBLIC. AS A RESULT, THE COLORADO SECTION WILL ELEVATE THE STANDARDS OF THE PROFESSIONAL GOLFERS' 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 $3,000

Program Service Revenue $2,259,692

Investment Income $16,990

Other Revenue $13,425

TOTAL REVENUE $2,293,107

Expense Breakdown

Grants Paid $3,070

Salaries & Benefits $1,011,551

Fundraising Expenses $0

Other Expenses $1,401,329

TOTAL EXPENSES $2,415,950

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,293,107	$1,591,845	+0.4%
Expenses	$2,415,950	$1,776,596	+0.4%
Net Income	$-122,843	$-184,751	-0.3%

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

$202,314

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN PENNYMON	DIRECTOR	5.00	Director	$0	$0	$0
MARK BACHLEDOR	DIRECTOR	5.00	Director	$0	$0	$0
JOE CARLTON	DIRECTOR	5.00	Director	$0	$0	$0
KYLE HEYEN	DIRECTOR	5.00	Director	$0	$0	$0
CJ PERRY	DIRECTOR	5.00	Director	$0	$0	$0
VIC KLINE	DIRECTOR	5.00	Director	$0	$0	$0
KEITH STILLWELL	DIRECTOR	5.00	Director	$0	$0	$0
BOB DOYLE	DIRECTOR	5.00	Director	$0	$0	$0
GRAHAM CLIFF	DIRECTOR	5.00	Director	$0	$0	$0
RON DEJACIMO	DIRECTOR	5.00	Director	$0	$0	$0
LUKE BROSTERHAUS	DIRECTOR	5.00	Director	$0	$0	$0
BARRY MILSTEAD	DIRECTOR	5.00	Director	$0	$0	$0
LEIGHTON SMITH	DIRECTOR	5.00	Director	$0	$0	$0
SPENCER ZINN	INDEPENDENT DIRECTOR	5.00	Director	$0	$0	$0
THEO GREGORY	INDEPENDENT DIRECTOR	5.00	Director	$0	$0	$0
CATHY MATTHEWS-KANE	PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL O'DONNELL	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JIM MILLER	SECRETARY	5.00	Officer Director	$0	$0	$0
STEVEN BARTKOWSKI	EXECUTIVE DIRECTOR	50.00	Officer	$187,911	$14,403	$202,314

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	$2,293,107	$2,415,950	$1,035,874	$-122,843
2022	$1,591,845	$1,776,596	$1,080,505	$-184,751
2021	$1,728,752	$1,693,978	$1,302,455	$34,774
2020	$1,305,806	$1,199,048	$1,236,319	$106,758
2019	$1,540,194	$1,514,436	$1,076,244	$25,758

COLORADO SECTION OF THE PROFESSIONAL GOLFERS ASSOCIATION