PROFESSIONAL GOLFERS ASSOCIATION MN SECTION (EIN 411389218) - 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

1981

Legal Domicile

Principal Officer

JON TOLLETTE

Phone

7637540820

Tax Period

2023-01-01 to 2023-12-31

PROFESSIONAL GOLFERS ASSOCIATION MN SECTION, founded in 1981, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Expenses of $1.8M left a modest 8% surplus.

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 MINNESOTA SECTION WILL ACCOMPLISH THIS MISSION BY ENHANCING THE SKILLS OF GOLF PROFESSIONALS AND THE OPPORTUNITIES FOR AMATEURS, MANUFACTURERS AND THE GENERAL PUBLIC. AS A RESULT, THE MINNESOTA 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 $1,780

Program Service Revenue $1,928,810

Investment Income $9,033

Other Revenue $650

TOTAL REVENUE $1,940,273

Expense Breakdown

Grants Paid $3,190

Salaries & Benefits $762,553

Fundraising Expenses $0

Other Expenses $1,016,021

TOTAL EXPENSES $1,781,764

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,940,273	$1,845,667	+0.1%
Expenses	$1,781,764	$1,617,930	+0.1%
Net Income	$158,509	$227,737	-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

$345,954

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL ANDERSON	PRESIDENT	4.00	Officer Director	$0	$0	$0
SCOTT MCDONALD	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
KELLIE HOINESS	SECRETARY	4.00	Officer Director	$0	$0	$0
RYAN HANFORD	HONORARY PRESIDENT	4.00	Officer Director	$0	$0	$0
JAVON MEYERHOFF	METRO DIRECTOR	1.00	Director	$0	$0	$0
SAVANNAH NELSON	NORTHERN MN DIRECTOR	1.00	Director	$0	$0	$0
GREG SNOW	SOUTHERN MN DIRECTOR	1.00	Director	$0	$0	$0
ADAM HAUGEN	DIRECTOR	1.00	Director	$0	$0	$0
GRANT HANSON	DIRECTOR	1.00	Director	$0	$0	$0
TOM BLANK	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW GERBER	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY DRIMEL	CEO	20.00	Officer	$160,341	$19,000	$179,341
JON TOLLETTE	COO	30.00	Officer	$133,038	$33,575	$166,613

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	$1,940,273	$1,781,764	$1,695,196	$158,509
2022	$1,845,667	$1,617,930	$1,482,283	$227,737
2021	$1,758,310	$1,501,820	$1,332,396	$256,490
2020	$1,519,717	$1,340,444	$1,062,941	$179,273
2019	$1,597,314	$1,491,426	$820,068	$105,888

PROFESSIONAL GOLFERS ASSOCIATION MN SECTION