PGA FOUNDATION INC (EIN 591809626) - 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

1978

Legal Domicile

Principal Officer

DEREK SPRAGUE

Phone

5616248400

Tax Period

2024-04-01 to 2025-03-31

PGA FOUNDATION INC, founded in 1978, is a mid-sized nonprofit that reported $16.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $15.1M left a modest 7% surplus.

Mission

THE PRIMARY EXEMPT PURPOSE IS TO PROMOTE INTEREST, PARTICIPATION, AND ENJOYMENT IN THE GAME 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 (2024)

Revenue Breakdown

Contributions & Grants $15,442,077

Program Service Revenue $113,086

Investment Income $169,979

Other Revenue $468,288

TOTAL REVENUE $16,193,430

Expense Breakdown

Grants Paid $8,022,093

Salaries & Benefits $0

Fundraising Expenses $1,699,706

Program Expenses $12,766,150

Other Expenses $6,371,528

TOTAL EXPENSES $15,102,687

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,193,430	$14,165,860	+0.1%
Expenses	$15,102,687	$14,165,860	+0.1%
Net Income	$1,090,743	$0	N/A

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

$6,866,019

Total Directors

$252,162

Key Employees

$1,169,701

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON REA JR	PRESIDENT	4.00	Officer Director	$0	$0	$81,477
NATHAN CHARNES	VICE PRESIDENT	4.00	Officer Director	$0	$0	$87,774
ERIC ESHLEMAN	SECRETARY	4.00	Officer Director	$0	$0	$10,935
LARRY KELLEY	DISTRICT 1 DIR	1.00	Director	$0	$0	$3,858
DAVID REASONER	DISTRICT 2 DIR	1.00	Director	$0	$0	$63
TIM BASEL	DISTRICT 3 DIR	1.00	Director	$0	$0	$1,220
TIM FRIES	DISTRICT 4 DIR	1.00	Director	$0	$0	$3,916
STEVE PARKER	DISTRICT 5 DIR	1.00	Director	$0	$0	$7,306
KEITH CLARK	DISTRICT 6 DIR	1.00	Director	$0	$0	$383
SEAN HANNA	PGA DIRECTORS	1.00	Director	$0	$0	$63
PHIL ANDERSON	PGA DIRECTORS	1.00	Director	$0	$0	$63
CATHY MATTHEWS-KANE	DISTRICT 9 DIR	1.00	Director	$0	$0	$4,703
PAIGE CRIBB	DISTRICT 10 DIR	1.00	Director	$0	$0	$10,821
SCOTT ASHWORTH	DISTRICT 11 DIR	1.00	Director	$0	$0	$9,511
DALE MORGAN	DISTRICT 12 DIR	1.00	Director	$0	$0	$1,193
RUSS LIBBY	DISTRICT 13 DIR	1.00	Director	$0	$0	$10,421
CHRIS CAIN	PGA DIRECTORS	1.00	Director	$0	$0	$1,259
DAWN NEUJAHR	AT-LARGE DIR	1.00	Director	$0	$0	$11,131
GIDEON YU	INDEP. DIR	1.00	Director	$0	$0	$4,471
TERRY CLARK	INDEP. DIR	1.00	Director	$0	$0	$383
LORI LEE	INDEP. DIR	1.00	Director	$0	$0	$1,211
WEBB SIMPSON	PLAYER DIR	1.00	Director	$0	$0	$0
NINA KOHLER	SUPPORTER DIRECTORS	1.00	Director	$0	$0	$0
DAVID O'CONNOR	SUPPORTER DIRECTORS	1.00	Director	$0	$0	$0
SANJAY MESHRI	SUPPORTER DIRECTORS	1.00	Director	$0	$0	$0
KEVIN MCKINLEY	PGA DIRECTORS	1.00	Director	$0	$0	$0
MIKE BEHAN	PGA DIRECTORS	1.00	Director	$0	$0	$0
DEREK SPRAGUE	CEO	1.00	Officer	$0	$0	$0
HENRY SMOKLER	GENERAL COUNSEL	1.00	Officer	$0	$47,970	$795,234
CRAIG KESSLER	COO	1.00	Officer	$0	$59,210	$1,378,205
JOHN CONNELLY	CFO	1.00	Officer	$0	$17,276	$607,453
SETH WAUGH	CEO	1.00	Officer	$0	$7,044	$3,904,941
JEFFREY PRICE	CCO	3.00	Key Emp	$0	$40,290	$1,169,701
SANDRA CROSS	CPO	1.00	Highest	$0	$40,827	$549,662
KEVIN SCOTT	CTO	1.00	Highest	$0	$34,513	$547,628
JEFFREY BLOOM	FP&B CONTROLLER	1.00	Highest	$0	$55,101	$389,405
DREW BLASBAND	SD	1.00	Highest	$0	$63,795	$445,374
DIANE PATZ	SD	1.00	Highest	$0	$51,695	$380,514

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	$16,193,430	$15,102,687	$6,000,733	$1,090,743
2024	$14,165,860	$14,165,860	$7,653,740	No data
2023	$9,359,930	$9,359,930	$1,247,093	No data
2022	$11,672,366	$11,672,366	$10,335,378	No data
2021	$7,264,255	$7,264,255	$13,484,548	No data
2020	$10,923,144	$10,923,144	$10,953,508	No data
2018	$6,306,089	$7,758,177	$8,880,548	$-1,452,088

PGA FOUNDATION INC