NEBRASKA SECTION OF PGA OF AMERICA INC

EIN: 470693768

LINCOLN, NE

Total Revenue
$1,910,798
Total Expenses
$1,914,695
Total Assets
$859,065
Net Assets
$427,393
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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
1929
Legal Domicile
NE
Principal Officer
DAVID HONNENS
Phone
4024897760
Tax Period
2024-01-01 to 2024-12-31

NEBRASKA SECTION OF PGA OF AMERICA INC, founded in 1929, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE NEBRASKA SECTION PGA IS TO PROMOTE THE ENJOYMENT AND INVOLVEMENT IN THE GAME OF GOLF AND TO CONTRIBUTE TO ITS GROWTH BY PROVIDING SERVICES TO GOLF PROFESSIONALS AND THE GOLF INDUSTRY. THE NEBRASKA SECTION PGA WILL ACCOMPLISH THIS MISSION BY ENHANCING THE SKILLS OF ITS PROFESSIONALS AND THE OPPORTUNITIES FOR AMATEURS, EMPLOYERS, MANUFACTURERS, EMPLOYEES AND THE GENERAL PUBLIC. IN SO DOING, THE NEBRASKA SECTION PGA WILL ELEVATE THE STANDARDS OF THE PROFESSIONAL GOLFER'S VOCATION, ENHANCE THE ECONOMIC WELL-BEING OF THE INDIVIDUAL MEMBER, 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,883,653
Investment Income $26,645
Other Revenue $500
TOTAL REVENUE $1,910,798

Expense Breakdown

Grants Paid $43,083
Salaries & Benefits $685,714
Fundraising Expenses $0
Other Expenses $1,185,898
TOTAL EXPENSES $1,914,695

Year-over-Year Comparison

2024 2023 Change
Revenue $1,910,798 $1,733,380 +0.1%
Expenses $1,914,695 $1,697,106 +0.1%
Net Income $-3,897 $36,274 -1.1%
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

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Governance

Voting Members
6
Independent Members
6
Employees
17
Volunteers
40

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
$143,367
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE WIEGAND MEMBERSHIP CHAIR 1.00
Director
$0 $0 $0
ANTHONY BARANOWSKI TOURNAMENT CHAIR 1.00
Director
$0 $0 $0
MIKE SCHUCHART PRESIDENT 1.00
Officer Director
$0 $0 $0
PHIL PALMER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ROBERT O'KEEFE SECRETARY 1.00
Officer Director
$0 $0 $0
DAWN NEUJAHR HONORARY PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVID HONNENS EXECUTIVE DIRECTOR 65.00
Officer
$139,167 $4,200 $143,367
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 $1,910,798 $1,914,695 $859,065 $-3,897
2023 $1,733,380 $1,697,106 $801,131 $36,274
2022 $1,533,440 $1,526,340 $751,571 $7,100
2021 $1,402,090 $1,417,981 $808,117 $-15,891
2020 $1,087,324 $1,235,342 $800,259 $-148,018
2019 $1,182,871 $1,212,428 $743,340 $-29,557
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