NORTH FLORIDA SECTION PROFESSIONAL GOLFERS' ASSOCIATION OF AMERICA INC (EIN 591403039) - 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

1979

Legal Domicile

Principal Officer

ANDREW YEAST

Phone

3862561221

Tax Period

2024-01-01 to 2024-12-31

NORTH FLORIDA SECTION PROFESSIONAL GOLFERS' ASSOCIATION OF AMERICA INC, founded in 1979, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 8% surplus.

Mission

THE MISSION OF THE NORTH FLORIDA SECTION OF THE PGA IS TO PROMOTE THE ENJOYMENT AND INVOLVEMENT IN THE GAME OF GOLF AND TO CONTRIBUTE TO THE GROWTH OF THE GOLF PROFESSIONAL AND THE GOLF INDUSTRY. THE NORTH FLORIDA SECTION WILL ACCOMPLISH THIS MISSION BY ENHANCING THE SKILLS OF GOLF PROFESSIONALS AND THE OPPORTUNITIES FOR AMATEURS, MANUFACTURERS, AND GENERAL PUBLIC. AS A RESULT, THE NORTH FLORIDA SECTION 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 $84,916

Program Service Revenue $2,175,309

Investment Income $31,124

Other Revenue $5,200

TOTAL REVENUE $2,296,549

Expense Breakdown

Grants Paid $76,572

Salaries & Benefits $719,011

Fundraising Expenses $0

Other Expenses $1,309,575

TOTAL EXPENSES $2,105,158

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,296,549	$2,100,948	+0.1%
Expenses	$2,105,158	$1,994,474	+0.1%
Net Income	$191,391	$106,474	+0.8%

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

$176,034

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT BOROCZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK VERKEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DARIN HOFF	SECRETARY	2.00	Officer Director	$0	$0	$0
KEVIN PASCHALL	HONORARY PRESIDENT	2.00	Officer Director	$0	$0	$0
MATT BORCHERT	TOURNAMENT CHAIRMAN	2.00	Director	$0	$0	$0
BRIAN LINTON	EC PRESIDENT	1.00	Director	$0	$0	$0
RYAN HRITZ	EC VICE PRESIDENT	1.00	Director	$0	$0	$0
GRACE HURLEY	NC PRESIDENT	1.00	Director	$0	$0	$0
STEFAN BRUNT	NC VICE PRESIDENT	1.00	Director	$0	$0	$0
MELISSA WILLIAMS	SW PRESIDENT	1.00	Director	$0	$0	$0
MIKE TUOHY	SW VICE PRESIDENT	1.00	Director	$0	$0	$0
MIKE GLENN	WC PRESIDENT	1.00	Director	$0	$0	$0
RICH UNGER	WC VICE PRESIDENT	1.00	Director	$0	$0	$0
STEVE MCMILLEN	EXECUTIVE DIRECTOR	65.00	Officer	$158,525	$17,509	$176,034
BRANDON ROLL	ASSISTANT EXECUTIVE DIRECTOR	40.00	Highest	$104,769	$13,880	$118,649

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	$2,296,549	$2,105,158	$1,071,147	$191,391
2023	$2,100,948	$1,994,474	$883,826	$106,474
2022	$2,042,095	$1,946,394	$765,055	$95,701
2021	$2,138,635	$1,977,900	$598,411	$160,735
2020	$1,973,378	$1,829,779	$462,784	$143,599
2019	$1,883,104	$1,875,213	$375,899	$7,891

NORTH FLORIDA SECTION PROFESSIONAL GOLFERS' ASSOCIATION OF AMERICA INC