IOWA GOLF ASSOCIATION (EIN 421203480) - 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

1980

Legal Domicile

Principal Officer

CHAD PITTS

Phone

5152071062

Tax Period

2023-01-01 to 2023-12-31

IOWA GOLF ASSOCIATION, founded in 1980, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 8% surplus.

Mission

PROMOTE AMATEUR GOLF

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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 $76,253

Program Service Revenue $950,568

Investment Income $15,996

Other Revenue $57,261

TOTAL REVENUE $1,100,078

Expense Breakdown

Grants Paid $6,100

Salaries & Benefits $453,288

Fundraising Expenses $0

Program Expenses $837,021

Other Expenses $556,463

TOTAL EXPENSES $1,015,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,100,078	$962,172	+0.1%
Expenses	$1,015,851	$887,668	+0.1%
Net Income	$84,227	$74,504	+0.1%

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

$110,725

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE PURCELL	PRESIDENT & DIRECTOR	1.00	Officer Director	$0	$0	$0
LEIGHANN LAROCCA	VICE PRESIDENT & DIRECTOR	1.00	Officer Director	$0	$0	$0
VAUGHN HALYARD	SECRETARY & DIRECTOR	1.00	Officer Director	$0	$0	$0
JON BROWN	TREASURER & DIRECTOR	1.00	Officer Director	$0	$0	$0
STEVE JERMIER	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY ALTORFER	DIRECTOR	1.00	Director	$0	$0	$0
BILL EBY	DIRECTOR	1.00	Director	$0	$0	$0
JOE BATES	DIRECTOR	1.00	Director	$0	$0	$0
MATT ARENHOLZ	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE KLEIN	DIRECTOR	1.00	Director	$0	$0	$0
ROSALIE KUBESHESKI	DIRECTOR	1.00	Director	$0	$0	$0
TOM SCHILL	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BERG	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS BULL	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MOORE	DIRECTOR	1.00	Director	$0	$0	$0
KIRK MACUMBER	DIRECTOR	1.00	Director	$0	$0	$0
JOEL YUNEK	DIRECTOR	1.00	Director	$0	$0	$0
CHAD PITTS	EXECUTIVE DIRECTOR	35.00	Officer	$107,500	$3,225	$110,725

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	$1,100,078	$1,015,851	$515,619	$84,227
2022	$962,172	$887,668	$431,450	$74,504
2021	$855,783	$808,910	$381,304	$46,873
2020	$758,407	$725,801	$299,555	$32,606
2019	$739,415	$717,111	$266,261	$22,304
2018	$742,245	$704,934	$244,659	$37,311

IOWA GOLF ASSOCIATION