PGA TOUR INC (EIN 520999206) - 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

1974

Legal Domicile

Principal Officer

JOSEPH W MONAHAN

Phone

9042853700

Tax Period

2024-01-01 to 2024-12-31

PGA TOUR INC, founded in 1974, is a major nonprofit that reported $760.6M in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $1.2B exceeded revenue, resulting in a 59% operating deficit.

Mission

TO PROMOTE THE SPORT OF PROFESSIONAL GOLF AND THE COMMON INTERESTS OF TOURING GOLF PROFESSIONALS.

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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 $0

Program Service Revenue $437,036,936

Investment Income $293,168,539

Other Revenue $30,401,931

TOTAL REVENUE $760,607,406

Expense Breakdown

Grants Paid $37,248,655

Salaries & Benefits $104,180,560

Fundraising Expenses $0

Other Expenses $1,070,864,522

TOTAL EXPENSES $1,212,293,737

Year-over-Year Comparison

	2024	2023	Change
Revenue	$760,607,406	$1,828,533,185	-0.6%
Expenses	$1,212,293,737	$1,890,652,204	-0.4%
Net Income	$-451,686,331	$-62,119,019	+6.3%

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

375

Volunteers

11193

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

$66,647,357

Total Directors

$76,141,802

Key Employees

$5,297,639

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Woods Eldrick Tiger	Player Director	20.0	Director	$18,344,359	$10,983,616	$29,327,975
Monahan Joseph W	Commissioner & President	12.0	Officer	$8,575,105	$1,024,205	$19,227,851
Spieth Jordan	Player Dir / Asst Secretary	20.0	Officer Director	$10,138,950	$5,730,737	$15,869,687
Cantlay Patrick	Player Director	20.0	Director	$7,789,941	$6,321,944	$14,111,885
Price Ronald E	Chief Operating Officer	11.0	Officer	$2,176,823	$26,712	$13,219,345
Scott Adam	Player Director	20.0	Director	$7,356,258	$4,183,201	$11,539,459
Brown Leonard	Chief Global Business Ventures	5.0	Officer	$512,765	$242,582	$3,219,947
Anderson Richard D	EVP & Chief Commercial Officer	4.0	Officer	$732,256	$497,379	$3,125,190
Malnati Peter	Player Director	20.0	Director	$2,560,624	$411,801	$2,972,425
Keller Allison W	Chief Admin Ofc / Secretary	12.0	Officer	$918,677	$324,655	$2,961,400
Shetty Neera M	Chief Legal Ofc & EVP Soc Resp	14.0	Officer	$552,285	$130,302	$2,438,989
Simpson James Webb	Player Dir / Asst Treasurer	20.0	Officer Director	$718,745	$1,601,626	$2,320,371
Madara Jay M	EVP & CFO / Treasurer	7.0	Officer	$502,108	$68,432	$2,194,443
Dennis Leland T	Chief Competitions Officer	34.0	Officer	$1,149,834	$155,800	$2,070,134
Oliver Brian M	EVP Corporate Partnerships	4.0	Highest	$496,185	$135,271	$1,600,629
Neal Laura	EVP Brand Communications	9.0	Key Emp	$473,796	$112,674	$1,339,553
Gambuzza Norbert M	EVP Media	3.0	Highest	$281,892	$138,782	$1,172,133
Gore Jason	EVP & Chief Player Officer	60.0	Key Emp	$1,105,212	$66,166	$1,171,378
Triola James C	COO Golf Course Properties	1.0	Highest	$9,182	$82,135	$1,109,578
Glod Daniel T Jr	SVP Business Development	5.0	Highest	$278,317	$130,399	$1,076,471
Goicouria Luis E	SVP Media	5.0	Highest	$145,087	$124,342	$1,045,978
Baldwin Alexandra C	President Korn Ferry Tour	5.0	Key Emp	$271,061	$68,007	$1,017,990
Brady Jack M Jr	President PGA TOUR Champions	5.0	Key Emp	$242,559	$140,956	$908,273
Weitz Andrew	CMO & EVP Inv Rel, As of 08/05	15.0	Key Emp	$213,086	$8,100	$860,445
Sharkey Kenneth J	Former EVP & CFO	5.0		$112,615	$0	$112,615
Votaw Ty M	Former EVP International	5.0		$112,500	$0	$112,500
Herlihy Edward D	Chairman / President	10.0	Officer Director	$0	$0	$0
Dunne James J III	Independent Dir, Thru 05/12	10.0	Director	$0	$0	$0
Flaherty Mark A	Independent Dir, Thru 05/18	10.0	Director	$0	$0	$0
Gorder Joe	Independent Director	20.0	Director	$0	$0	$0
Meeker Mary G	Independent Director	10.0	Director	$0	$0	$0
Lindert John	PGA of America Dir, Thru 11/06	1.0	Director	$0	$0	$0
Rea Don Jr	PGA of America Dir As of 11/07	1.0	Director	$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	$760,607,406	$1,212,293,737	$3,863,253,473	$-451,686,331
2023	$1,828,533,185	$1,890,652,204	$4,339,305,907	$-62,119,019
2022	$1,897,747,134	$1,865,792,074	$5,277,164,005	$31,955,060
2021	$1,586,051,200	$1,552,648,504	$4,534,211,269	$33,402,696
2020	$1,161,283,176	$1,103,973,353	$3,930,764,108	$57,309,823
2019	$1,534,021,881	$1,461,249,307	$3,384,025,893	$72,772,574
2018	$1,415,951,874	$1,345,545,081	$2,934,026,162	$70,406,793

PGA TOUR INC