THE PROFESSIONAL GOLFERS ASSOC OF AMERICA (EIN 590785835) - 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

1916

Legal Domicile

Principal Officer

JOHN CONNELLY

Phone

5616248400

Tax Period

2024-04-01 to 2025-03-31

THE PROFESSIONAL GOLFERS ASSOC OF AMERICA, founded in 1916, is a major nonprofit that reported $166.4M in total revenue in fiscal year 2024. Expenses of $159.8M left a modest 4% surplus.

Mission

TO PROMOTE THE ENJOYMENT & INVOLVEMENT IN THE GAME AND TO CONTRIBUTE TO THE GROWTH OF THE GOLF PROFESSIONAL AND THE GOLF INDUSTRY. THE PGA WILL ACCOMPLISH THIS MISSION BY ENHANCING THE SKILLS OF GOLF PROFESSIONALS AND THE OPPORTUNITIES FOR AMATEURS, MANUFACTURERS, AND THE GENERAL PUBLIC. AS A RESULT, THE PGA WILL ELEVATE THE STANDARDS OF THE PROFESSIONAL GOLFERS' VOCATION, 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $134,513,554

Investment Income $25,851,150

Other Revenue $6,071,635

TOTAL REVENUE $166,436,339

Expense Breakdown

Grants Paid $8,181,815

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $151,621,108

TOTAL EXPENSES $159,802,923

Year-over-Year Comparison

	2024	2023	Change
Revenue	$166,436,339	$172,294,796	0.0%
Expenses	$159,802,923	$184,936,956	-0.1%
Net Income	$6,633,416	$-12,642,160	-1.5%

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

120

Independent Members

120

Employees

N/A

Volunteers

1177

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

$8,435,343

Total Directors

$358,364

Key Employees

$2,274,046

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON REA	PRESIDENT	4.00	Officer Director	$0	$0	$81,477
NATHAN CHARNES	VICE PRESIDENT	4.00	Officer Director	$0	$0	$87,516
ERIC ESHLEMAN	SECRETARY	4.00	Officer Director	$0	$0	$10,935
JOHN LINDERT	PAST PRESIDENT	0.00	Officer Director	$0	$0	$110,813
LARRY KELLEY	DISTRICT 1 DIR	4.00	Director	$0	$0	$3,858
DAVID REASONER	DISTRICT 2 DIR	4.00	Director	$0	$0	$63
TIM BASEL	DISTRICT 3 DIR	4.00	Director	$0	$0	$970
TIM FRIES	DISTRICT 4 DIR	4.00	Director	$0	$0	$3,791
STEVE PARKER	DISTRICT 5 DIR	4.00	Director	$0	$0	$7,306
KEITH CLARK	DISTRICT 6 DIR	4.00	Director	$0	$0	$383
SEAN HANNA	DISTRICT 7 DIR	4.00	Director	$0	$0	$63
PHIL ANDERSON	DISTRICT 8 DIR	4.00	Director	$0	$0	$63
CATHY MATTHEWS-KANE	DISTRICT 9 DIR	4.00	Director	$0	$0	$4,703
PAIGE CRIBB	DISTRICT 10 DIR	4.00	Director	$0	$0	$10,821
SCOTT ASHWORTH	DISTRICT 11 DIR	4.00	Director	$0	$0	$9,511
DALE MORGAN	DISTRICT 12 DIR	4.00	Director	$0	$0	$1,193
RUSS LIBBY	DISTRICT13 DIR	4.00	Director	$0	$0	$10,421
CHRIS CAIN	DISTRICT 14 DIR	4.00	Director	$0	$0	$1,259
DAWN NEUJAHR	AT-LARGE DIR	4.00	Director	$0	$0	$3,876
GIDEON YU	INDEP. DIR	4.00	Director	$0	$0	$4,471
TERRY CLARK	INDEP. DIR	4.00	Director	$0	$0	$0
LORI LEE	INDEP. DIR	4.00	Director	$0	$0	$1,210
CHARLEY HOFFMAN	PLAYER DIR	4.00	Director	$0	$0	$3,661
SETH WAUGH	CEO	25.00	Officer	$0	$7,044	$3,904,941
KERRY HAIGH	CCO	10.00	Officer	$0	$38,322	$1,453,538
HENRY SMOKLER	GENERAL COUNSEL	25.00	Officer	$0	$47,970	$795,234
JOHN CONNELLY	CFO	19.00	Officer	$0	$17,276	$607,453
CRAIG KESSLER	COO	19.00	Officer	$0	$59,210	$1,378,205
DEREK SPRAGUE	CEO	25.00	Officer	$0	$0	$5,231
JEFFERY PRICE	CCO	17.00	Key Emp	$0	$40,290	$1,169,701
JOHN EASTERBROOK	CMO	25.00	Key Emp	$0	$39,339	$1,104,345
JULIUS MASON	SENIOR DIRECTOR	20.00	Highest	$0	$65,051	$570,902
SANDRA CROSS	CPO	1.00	Highest	$0	$40,827	$549,662
KEVIN SCOTT	CTO	19.00	Highest	$0	$34,513	$547,628
PAUL EARNEST	DIRECTOR	25.00	Highest	$0	$49,576	$633,262
CASEY MORTON	SENIOR DIRECTOR	20.00	Highest	$0	$66,806	$601,318

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
2025	$166,436,339	$159,802,923	$535,490,369	$6,633,416
2024	$172,294,796	$184,936,956	$450,906,430	$-12,642,160
2023	$129,421,822	$147,709,193	$407,700,455	$-18,287,371
2022	$192,132,824	$118,413,361	$455,416,511	$73,719,463
2021	$118,208,368	$124,158,139	$425,812,054	$-5,949,771
2020	$94,369,726	$132,570,741	$340,974,399	$-38,201,015
2018	$98,705,402	$110,461,873	$360,125,673	$-11,756,471

THE PROFESSIONAL GOLFERS ASSOC OF AMERICA