SOUTH FLORIDA PROFESSIONAL GOLF ASSOCIATION CHARITABLE FOUNDATION INC

EIN: 300225123 501(c)(3) Philanthropy & Grantmaking

WEST PALM BEACH, FL

Total Revenue
$2,066,652
Total Expenses
$1,407,798
Total Assets
$2,971,729
Net Assets
$2,628,742
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
FL
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.

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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%)

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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

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Governance

Voting Members
7
Independent Members
7
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
5
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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