PROFESSIONAL GOLFERS ASSOCIATION OF CAROLINAS PGA SECTION (EIN 560903216) - 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

1923

Legal Domicile

Principal Officer

JEFFREY ABBOT

Phone

3363982742

Tax Period

2024-01-01 to 2024-12-31

PROFESSIONAL GOLFERS ASSOCIATION OF CAROLINAS PGA SECTION, founded in 1923, is a community nonprofit in the Recreation & Sports sector that reported $3.7M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $3.4M left a modest 8% surplus.

Mission

PROMOTE THE ENJOYMENT AND INVOLVEMENT IN THE GAME OF GOLF WITHIN THE CAROLINAS AND TO CONTRIBUTE TO ITS GROWTH BY PROVIDING SERVICES TO GOLF PROFESSIONALS AND THE GOLF INDUSTRY WITHIN THE CAROLINAS.

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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 $3,505,610

Investment Income $152,518

Other Revenue $42,750

TOTAL REVENUE $3,700,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,418,751

Fundraising Expenses $0

Other Expenses $1,996,430

TOTAL EXPENSES $3,415,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,700,878	$3,144,502	+0.2%
Expenses	$3,415,181	$3,173,487	+0.1%
Net Income	$285,697	$-28,985	-10.9%

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

$429,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUKE LOVELL	TOURNAMENT CHAIR	2.50	Director	$0	$0	$0
TOM DALE	AT-LARGE DIRECTOR NC	2.50	Director	$0	$0	$0
KORY REITZ	AT-LARGE DIRECTOR SC	2.50	Director	$0	$0	$0
MATT PAVIA	MOUNTAINS DIRECTOR	2.50	Director	$0	$0	$0
DERON LEE	LOWCOUNTRY DIRECTOR	2.50	Director	$0	$0	$0
SAVIO NAZARETH	PIEDMONT DIRECTOR	2.50	Director	$0	$0	$0
BARRY PIERCE	CHARLOTTE DIRECTOR	2.50	Director	$0	$0	$0
TOM VAN HOOGEN	GRAND STRAND DIRECTOR	2.50	Director	$0	$0	$0
JASON CHERRY	CAPE FEAR DIRECTOR	2.50	Director	$0	$0	$0
ROB PILEWSKI	TRIANGLE DIRECTOR	2.50	Director	$0	$0	$0
JT SYMONS	ATLANTIC DIRECTOR	2.50	Director	$0	$0	$0
CHASE BUTLER	PALMETTO DIRECTOR	2.50	Director	$0	$0	$0
KYLE KIRK	SANDHILLS DIRECTOR	2.50	Director	$0	$0	$0
JOSH WAGAMAN	PRESIDENT	4.00	Officer Director	$0	$0	$0
JEFF AVANT	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
BEN BRIDGERS	SECRETARY	4.00	Officer Director	$0	$0	$0
CHRIS BYRD	HONORARY PRESIDENT	4.00	Director	$0	$0	$0
SUZANNE MCCORMICK	INDEPENDENT DIRECTOR	2.50	Director	$0	$0	$0
STAN LITTLE	INDEPENDENT DIRECTOR	2.50	Director	$0	$0	$0
JEFFREY ABBOT	EXECUTIVE DIRECTOR	50.00	Officer	$411,933	$17,267	$429,200
MICHAEL WHITENACK	ASSISTANT EXECUTIVE DIRECT	40.00	Highest	$128,467	$9,440	$137,907
KURT BATTENBERG	ASSISTANT EXECUTIVE DIRECT	40.00	Highest	$106,413	$8,759	$115,172

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	$3,700,878	$3,415,181	$4,861,893	$285,697
2023	$3,144,502	$3,173,487	$4,176,785	$-28,985
2022	$2,579,043	$2,656,543	$3,911,986	$-77,500
2021	$2,806,782	$2,457,589	$4,265,965	$349,193
2020	$1,923,768	$2,075,258	$3,841,322	$-151,490
2019	$2,636,114	$2,555,933	$4,021,797	$80,181

PROFESSIONAL GOLFERS ASSOCIATION OF CAROLINAS PGA SECTION