MINNESOTA SECTION PGA FOUNDATION

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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

1996

Legal Domicile

Principal Officer

JON TOLLETTE

Phone

7637540820

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA SECTION PGA FOUNDATION, founded in 1996, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 5% surplus.

Mission

TO SUPPORT JUNIOR GOLFERS AND PROVIDE FINANCIAL ASSISTANCE FOR WORTHY RECIPIENTS TO ATTEND COLLEGE. THE MINNESOTA FOUNDATION UPHOLDS THE CORE VALUES: INTEGRITY, HONESTY, RESPECT, SELF-ASSURANCE, COURTESY, AND PERSEVERANCE. THE MINNESOTA FOUNDATION AWARDS JUNIORS 18 OR YOUNGER THAT HONOR THESE VALUES.

Program Service Accomplishments

Program 1

Expenses: $1,276,143 Revenue: $947,333

THE MINNESOTA FOUNDATION SUPPORTED JR GOLF THROUGH THE OPERATION OF SEVERAL JR TOUR GOLF EVENTS.

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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 $427,477

Program Service Revenue $962,833

Investment Income $86,645

Other Revenue $19,201

TOTAL REVENUE $1,496,156

Expense Breakdown

Grants Paid $263,551

Salaries & Benefits $0

Fundraising Expenses $22,028

Program Expenses $1,276,143

Other Expenses $1,157,651

TOTAL EXPENSES $1,421,202

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,496,156	$1,341,934	+0.1%
Expenses	$1,421,202	$1,524,322	-0.1%
Net Income	$74,954	$-182,388	-1.4%

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

$353,032

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON CRISP	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
ANDY GERBER	DIRECTOR	1.00	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
MATT HAUGE	SOUTHERN MN DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MCDONALD	PRESIDENT	4.00	Officer Director	$0	$0	$0
KELLIE HOINESS	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
TIM VERNON	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFFREY DRIMEL	CEO	20.00	Officer	$0	$21,473	$185,260
JON TOLLETTE	COO	10.00	Officer	$0	$30,899	$167,772
PHIL ANDERSON	HONORARY PRESIDENT	4.00	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	$1,496,156	$1,421,202	$1,971,116	$74,954
2023	$1,341,934	$1,524,322	$1,958,537	$-182,388
2022	$2,019,852	$1,242,007	$1,798,493	$777,845
2021	$1,186,646	$1,178,922	$2,104,559	$7,724
2020	$864,818	$1,023,213	$1,620,635	$-158,395
2019	$1,035,553	$1,186,898	$1,515,851	$-151,345