SOUTH FLORIDA PROFESSIONAL GOLF AS… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

GEOFF LOFSTEAD

Phone

5617290544

Tax Period

2024-01-01 to 2024-12-31

SOUTH FLORIDA PROFESSIONAL GOLF ASSOCIATION CHARITABLE FOUNDATION INC, founded in 2002, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $659K, a strong 32% operating margin.

Mission

TO PROMOTE AND GROW THE GAME OF GOLF THROUGH JUNIOR GOLF, SCHOLARSHIPS AND CHARITABLE GIVING.

Program Service Accomplishments

Program 1

Expenses: $1,194,446 Revenue: $831,320

THE FOUNDATION PROVIDED EDUCATION SCHOLARSHIPS AND GOLF INSTRUCTION PROGRAMS TO SOUTH FLORIDA JUNIORS. THE FOUNDATION HAS CONTRIBUTED DOLLARS TO MORE THAN A DOZEN CHARITABLE CAUSES FROM HEALTH...

THE FOUNDATION PROVIDED EDUCATION SCHOLARSHIPS AND GOLF INSTRUCTION PROGRAMS TO SOUTH FLORIDA JUNIORS. THE FOUNDATION HAS CONTRIBUTED DOLLARS TO MORE THAN A DOZEN CHARITABLE CAUSES FROM HEALTH ORGANIZATIONS TO JUNIOR GOLF ASSOCIATIONS (ALL UNDER THE BANNER OF GOLF). THE FOUNDATION CONDUCTS A JUNIOR TOUR FOR THE YOUTH OF SOUTH FLORIDA CONSISTING OF 25 JUNIOR GOLF TOURNAMENTS.

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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 $1,020,578

Program Service Revenue $855,820

Investment Income $144,817

Other Revenue $45,437

TOTAL REVENUE $2,066,652

Expense Breakdown

Grants Paid $301,016

Salaries & Benefits $0

Fundraising Expenses $90,377

Program Expenses $1,194,446

Other Expenses $1,106,782

TOTAL EXPENSES $1,407,798

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,066,652	$1,526,283	+0.4%
Expenses	$1,407,798	$964,466	+0.5%
Net Income	$658,854	$561,817	+0.2%

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

100

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
JIM O'CONNOR	DIRECTOR	2.00	Director	$0	$0	$0
STEVE WAUGH	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIN THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
TOM WILDENHAUS	PRESIDENT	2.00	Officer Director	$0	$0	$0
LEE STROEVER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DON MEADOWS	SECRETARY	2.00	Officer Director	$0	$0	$0
KEVIN MURPHY	TREASURER	2.00	Officer Director	$0	$0	$0
GEOFF LOFSTEAD	EXECUTIVE DIRECTOR	10.00	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	$2,066,652	$1,407,798	$2,971,729	$658,854
2023	$1,526,283	$964,466	$2,210,365	$561,817
2022	$1,219,997	$863,838	$1,721,577	$356,159
2021	$989,054	$779,091	$1,386,562	$209,963
2020	$769,323	$620,823	$1,016,547	$148,500
2019	$770,071	$707,902	$776,900	$62,169

SOUTH FLORIDA PROFESSIONAL GOLF ASSOCIATION CHARITABLE FOUNDATION INC