GCSAA FOUNDATION

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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

1955

Legal Domicile

Principal Officer

J RHETT EVANS

Phone

7858412240

Tax Period

2023-01-01 to 2023-12-31

GCSAA FOUNDATION, founded in 1955, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. Net assets of $12.0M represent 86 months of operating reserves.

Mission

SECURE FUNDING AND SUPPORT TO STRENGTHEN ADVOCACY, EDUCATION, AND RESEARCH THAT ADVANCES THE WORK OF GOLF COURSE MANAGEMENT PROFESSIONALS.

Program Service Accomplishments

Program 1

Expenses: $596,840

PROVIDE GRANTS FOR THE PURPOSE OF THE DEVELOPMENT OF NEW CONTINUING EDUCATION WITH AN ENVIRONMENTAL FOCUS. SCHOLARSHIPS ARE AWARDED ANNUALLY TO STUDENTS PURSUING CAREERS IN THE GOLF COURSE INDUSTRY, FUTURE TURFGRASS RESEARCHERS AND EDUCATORS, AND CHILDREN AND GRANDCHILDREN OF GCSAA MEMBERS. ALL SCHOLARSHIPS ARE AWARDED ACCORDING TO A LIST OF CRITERIA, INCLUDING ACADEMIC ACHIEVEMENT, EXTRACURRICULAR AND COMMUNITY INVOLVEMENT, LEADERSHIP AND OUTSIDE EMPLOYMENT. SCHOLARSHIP APPLICATIONS ARE EVALUATED BY THE SCHOLARSHIP COMMITTEE, EXCEPT IN THE CASE OF SCHOLARSHIPS TO CHILDREN AND GRANDCHILDREN OF GCSAA MEMBERS, WHICH ARE EVALUATED BY AN INDEPENDENT COMMITTEE OF THREE EDUCATORS.

Program 2

Expenses: $453,101

COLLECT AND PUBLISH DATA ON EVERY ASPECT OF GOLF COURSE MANAGEMENT FROM AN ENVIRONMENTAL PERSPECTIVE THAT PROVIDES A COMPREHENSIVE ANALYSIS OF GOLF COURSE LAND USE AND ENVIRONMENTAL STEWARDSHIP...

COLLECT AND PUBLISH DATA ON EVERY ASPECT OF GOLF COURSE MANAGEMENT FROM AN ENVIRONMENTAL PERSPECTIVE THAT PROVIDES A COMPREHENSIVE ANALYSIS OF GOLF COURSE LAND USE AND ENVIRONMENTAL STEWARDSHIP EFFORTS. THE FOUNDATION GRANTS AWARDS FOR APPLIED AGRONOMIC AND ENVIRONMENTAL RESEARCH TO PROVIDE INFORMATION TO IMPROVE THE QUALITY OF GOLF COURSES, WHILE MINIMIZING THE IMPACT ON THE ENVIRONMENT.

Program 3

Expenses: $458,101

PROVIDES ONLINE ACCESS TO MORE THAN 190 BEST MANAGEMENT PRACTICES, CASE STUDIES, AND ENVIRONMENTAL PROFILES. THESE PROVE THE GOLF COURSE'S IMPORTANT ROLE IN THE ENVIRONMENT & SUSTAINABILITY EFFORTS. WITH THE EVER INCREASING REGULATORY AND LEGISLATIVE PRESSURES ON LAND USE, WATER USE, ENERGY CONSUMPTION, AND NUTRIENT AND PESTICIDE USE; THIS FUNDING ALLOWS GCSAA TO BE A VOICE FOR THE SUPERINTENDENT PROFESSION AND THE GOLF INDUSTRY BY TELLING GOLF'S STORY ON A NATIONAL LEVEL. THESE STORIES HIGHLIGHT THE KEY ECONOMIC, ENVIRONMENTAL AND SOCIAL/RECREATIONAL BENEFITS OF 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 $773,896

Program Service Revenue $0

Investment Income $615,608

Other Revenue $285,617

TOTAL REVENUE $1,675,121

Expense Breakdown

Grants Paid $1,460,707

Salaries & Benefits $0

Fundraising Expenses $150,640

Program Expenses $1,513,114

Other Expenses $286,858

TOTAL EXPENSES $1,747,565

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,675,121	$1,019,339	+0.6%
Expenses	$1,747,565	$1,746,887	+0.0%
Net Income	$-72,444	$-727,548	-0.9%

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

N/A

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

$1,569,612

Total Directors

$23,454

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL L CARTER CGCS	TRUSTEE	1.00	Director	$0	$0	$6,427
ARJUN CHOWDRI	TRUSTEE (THRU 6/23)	1.00	Director	$0	$0	$0
PAUL VERMEULEN	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN P BREEN CGCS	PRESIDENT	3.00	Officer Director	$0	$0	$4,201
JEFF WHITE CGCS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$6,066
EMILY PALMER	TRUSTEE	1.00	Director	$0	$0	$0
TA BARKER CGCS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$6,760
JOHN EASTERBROOK	TRUSTEE (START 12/23)	1.00	Director	$0	$0	$0
J RHETT EVANS	CEO	1.00	Officer	$0	$38,338	$620,638
CAMERON OURY	CFO	1.00	Officer	$0	$27,844	$276,965
KEVIN P SUNDERMAN CGCS	COO	1.00	Officer	$0	$37,924	$386,220
EDWARD SEVERAL	CMO	1.00	Officer	$0	$26,863	$268,762

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	$1,675,121	$1,747,565	$12,402,177	$-72,444
2022	$1,019,339	$1,746,887	$11,693,097	$-727,548
2021	$1,437,230	$1,580,222	$13,565,906	$-142,992
2020	$1,277,895	$1,546,094	$12,268,687	$-268,199
2019	$2,026,346	$1,721,213	$11,345,272	$305,133
2018	$2,079,354	$1,570,310	$9,078,829	$509,044