ILLINOIS PROFESSIONAL GOLFERS ASSO… - 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

1991

Legal Domicile

Principal Officer

CARRIE WILLIAMS

Phone

8477295700

Tax Period

2024-04-01 to 2025-03-31

ILLINOIS PROFESSIONAL GOLFERS ASSOCIATION FOUNDATION INC, founded in 1991, is a community nonprofit in the Recreation & Sports sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 96% from the prior year, signaling strong growth momentum.

Mission

TO CONNECT GOLF PROFESSIONALS WITH LOCAL YOUTH ORGANIATIONS TO PROMOTE YOUTH DEVELOPMENT THROUGH GOLF, AS WELL AS OFFER SCHOLARSHIPS TO QUALIFED INDIVIDUALS TO DEVELOP YOUTH.

Program Service Accomplishments

Program 1

Expenses: $37,000

SCHOLARSHIPS - THE ILLINOIS PGA FOUNDATION AWARDED SCHOLARSHIPS TO DESERVING YOUTH THROUGH SEVERAL NAMED SCHOLARSHIP FUNDS.

Program 2

Expenses: $595,487 Revenue: $299,653

THE ILLINOIS PGA FOUNDATION SUPPORTS A VARIETY OF PROGRAMS TO PROVIDE GOLF RELATED OPPORTUNITIES TO JUNIORS AND VETERANS. THESE OPPORTUNITIES INCLUDED A JUNIOR TOUR FOR BOYS AND GIRLS AGES 14-18 AND ALSO INCLUDED GOLFWORKS ILLINOIS. THE FOUNDATION CO-SPONSORED SUMMER JOBS FOR ILLINOIS HIGH SCHOOL AND COLLEGE STUDENTS WORKING AT AREA GOLF COURSES AND JUNIOR GOLF ORGANIZATIONS. THE FOUNDATION CO-SPONSORED EMPLOYMENT FOR KIDS TO WORK AT THE FIRST TEE OF GREATER CHICAGO, ILLINOIS JUNIOR GOLF ASSOCIATION AND CHICAGO AREA GOLF COURSES. THE FOUNDATION FUNDED GOLF PROGRAMMING FOR VETERANS OF THE ARMED FORCES. THESE PROGRAMS WERE PROVIDED AS A PART OF REHABILITATIVE SERVICES.

Program 3

Expenses: $484,488

THE ILLINOIS PGA FOUNDATION FUNDS VARIOUS IRC SECTION 501 (C)(3) ORGANIZATIONS TO ASSIST THEIR PROGRAM SERVICE ACCOMPLISHMENTS

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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 $905,349

Program Service Revenue $299,653

Investment Income $220,530

Other Revenue $-30,842

TOTAL REVENUE $1,394,690

Expense Breakdown

Grants Paid $521,488

Salaries & Benefits $0

Fundraising Expenses $17,239

Program Expenses $1,116,975

Other Expenses $989,681

TOTAL EXPENSES $1,511,169

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,394,690	$709,814	+1.0%
Expenses	$1,511,169	$909,830	+0.7%
Net Income	$-116,479	$-200,016	-0.4%

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

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
TIM CRONIN	GOVERNOR	1.00	Director	$0	$0	$0
TIM O'NEAL	GOVERNOR	1.00	Director	$0	$0	$0
JAMIE NIETO	GOVERNOR	1.00	Director	$0	$0	$0
ANDY MICKELSON	GOVERNOR	1.00	Director	$0	$0	$0
MIKE PICCIANO	GOVERNOR	1.00	Director	$0	$0	$0
ALEX MENDEZ	GOVERNOR	1.00	Director	$0	$0	$0
THAD MALIK	GOVERNOR	1.00	Director	$0	$0	$0
MIKE MUNRO	GOVERNOR	1.00	Director	$0	$0	$0
CHRIS OEHLERKING	GOVERNOR	1.00	Director	$0	$0	$0
TREY VANDYKE	GOVERNOR	1.00	Director	$0	$0	$0
LOUIS BROWN JR	GOVERNOR	1.00	Director	$0	$0	$0
GARY BINDER	GOVERNOR	1.00	Director	$0	$0	$0
DON PIEPER	GOVERNOR	1.00	Director	$0	$0	$0
WES WARREN	GOVERNOR	1.00	Director	$0	$0	$0
HANS LARSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID GLOD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS GUMBACK	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREW STEVENS	SECRETARY	1.00	Officer Director	$0	$0	$0
CARRIE WILLIAMS	EXECUTIVE DIRECTOR	13.00	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
2025	$1,394,690	$1,511,169	$2,483,011	$-116,479
2024	$709,814	$909,830	$2,122,348	$-200,016
2023	$1,040,431	$1,113,146	$2,403,159	$-72,715

ILLINOIS PROFESSIONAL GOLFERS ASSOCIATION FOUNDATION INC