IOWA GOLF ASSOCIATION FOUNDATION (EIN 271856546) - 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

2009

Legal Domicile

Principal Officer

CHAD PITTS

Phone

5152071062

Tax Period

2023-01-01 to 2023-12-31

IOWA GOLF ASSOCIATION FOUNDATION, founded in 2009, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 179% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 95% operating margin.

Mission

THE IOWA GOLF ASSOCIATION FOUNDATION PRESERVES, PROTECTS AND PROMOTES THE BEST INTERESTS AND SPIRIT OF THE GAME OF GOLF. IT'S MOST SIGNIFICANT ACTIVITIES ARE THE GENERATION OF TAX DEDUCTIBLE CONTRIBUTIONS TO FUND ITS CHARITABLE PURPOSES WHICH INCLUDE THE GRANTING OF COLLEGE SCHOLARSHIPS, ADMINISTERING THE IOWA GOLF HALL OF FAME AND SUPPORTING JUNIOR GOLF, TURFGRASS RESEARCH, AND OTHER PROGRAMS.

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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 $2,720,629

Program Service Revenue $26,596

Investment Income $115,638

Other Revenue $1,057

TOTAL REVENUE $2,863,920

Expense Breakdown

Grants Paid $52,000

Salaries & Benefits $0

Fundraising Expenses $11,563

Program Expenses $113,238

Other Expenses $85,032

TOTAL EXPENSES $137,032

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,863,920	$1,025,930	+1.8%
Expenses	$137,032	$102,142	+0.3%
Net Income	$2,726,888	$923,788	+2.0%

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

N/A

Volunteers

N/A

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

$110,725

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE JERMIER	PRESIDENT & DIRECTOR	1.00	Officer Director	$0	$0	$0
CHARLES TAYLOR	VICE PRESIDENT & DIRECTOR	1.00	Officer Director	$0	$0	$0
MARK GAMBAIANA	SECRETARY & DIRECTOR	1.00	Officer Director	$0	$0	$0
JOHN MATOVINA	TREASURER & DIRECTOR	1.00	Officer Director	$0	$0	$0
MICHELLE KLEIN	DIRECTOR	0.50	Director	$0	$0	$0
MIKE PURCELL	DIRECTOR	0.50	Director	$0	$0	$0
ANDY BURTON	DIRECTOR	0.50	Director	$0	$0	$0
LEIGHANN LAROCCA	DIRECTOR	0.50	Director	$0	$0	$0
RON VAN BUSKIRK	DIRECTOR	0.50	Director	$0	$0	$0
CHAD PITTS	EXECUTIVE DIRECTOR	5.00	Officer	$0	$3,225	$110,725

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	$2,863,920	$137,032	$5,432,572	$2,726,888
2022	$1,025,930	$102,142	$2,376,209	$923,788
2021	$967,228	$96,695	$1,508,279	$870,533
2020	$97,036	$82,623	$620,701	$14,413
2019	$142,254	$95,123	$567,096	$47,131
2018	$77,208	$86,027	$468,396	$-8,819

IOWA GOLF ASSOCIATION FOUNDATION