PROFESSIONAL GOLFERS ASSOCIATION O… - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

GEOFF LOFSTEAD

Phone

5617290544

Tax Period

2024-01-01 to 2024-12-31

PROFESSIONAL GOLFERS ASSOCIATION OF SOUTH FLORIDA SECTION, founded in 1980, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $4.4M left a modest 9% surplus.

Mission

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 SOUTH 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 SOUTH 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.

Program Service Accomplishments

Program 1

TOURNAMENTS: AS PART OF SOUTH FLORIDA SECTION'S MISSION TO PROMOTE THE GAME OF GOLF, WE PROVIDE PLAYING OPPORTUNITIES FOR GOLF PROFESSIONALS AND AMATEURS ALIKE. THESE PLAYING OPPORTUNITIES ENCOURAGE MORE PARTICIPATION IN THE GAME OF GOLF BY PROMOTING THE GAME THROUGH ITS GRASS ROOTS EFFORTS IN THE SOUTH FLORIDA REGION.

Program 2

EDUCATION: GOLF PROFESSIONALS ARE THE FOUNDATION OF GOLF. THE PROFESSIONALS ARE EXPERT INSTRUCTORS AND COMMUNITY LEADERS WHO HELP PROVIDE AFFORDABLE AND ACCESSIBLE GOLF TO EVERYONE, EVERYWHERE WITHIN THE SOUTH FLORIDA REGION. THE SOUTH FLORIDA REGION PROVIDES EDUCATIONAL PROGRAMS TO ENSURE THAT GOLF PROFESSIONALS WILL REMAIN AT THE FOREFRONT OF THE GAME PROVIDING ENJOYMENT TO MANY FOR GENERATIONS TO COME.

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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 $4,536,683

Investment Income $150,263

Other Revenue $94,459

TOTAL REVENUE $4,781,405

Expense Breakdown

Grants Paid $2,575

Salaries & Benefits $1,532,129

Fundraising Expenses $0

Other Expenses $2,831,575

TOTAL EXPENSES $4,366,279

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,781,405	$4,275,795	+0.1%
Expenses	$4,366,279	$3,899,937	+0.1%
Net Income	$415,126	$375,858	+0.1%

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

100

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

$386,798

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY CHATEAUVERT	DIRECTOR	2.00	Director	$0	$0	$0
SARA DICKSON	DIRECTOR	2.00	Director	$0	$0	$0
JOE COMPITELLO	DIRECTOR	2.00	Director	$0	$0	$0
SEAN KICKER	DIRECTOR/SOUTHERN	2.00	Director	$0	$0	$0
STEVE HUDSON	DIRECTOR/SOUTHEAST	2.00	Director	$0	$0	$0
MATT OAKLEY	DIRECTOR/SOUTHWEST	2.00	Director	$0	$0	$0
TONY LOYOLA	DIRECTOR/ISLAND	2.00	Director	$0	$0	$0
DON MEADOWS	HONORARY PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL CLIVIO	PRESIDENT	2.00	Officer Director	$0	$0	$0
ERIC VEILLUEX	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JEFF WABER	SECRETARY	2.00	Officer Director	$0	$0	$0
GEOFF LOFSTEAD	EXECUTIVE DIRECTOR	55.00	Officer	$335,176	$51,622	$386,798
MEREDITH SCHULER	DIRECTOR OF OPERATIONS	40.00	Highest	$193,046	$26,204	$219,250
BRETT GRAF	DIRECTOR OF RULES AND COMPETITIONS	40.00	Highest	$119,297	$10,189	$129,486

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	$4,781,405	$4,366,279	$6,348,025	$415,126
2023	$4,275,795	$3,899,937	$5,730,704	$375,858
2022	$4,420,742	$3,454,262	$4,640,937	$966,480
2021	$3,425,422	$3,153,718	$3,609,647	$271,704
2020	$2,600,483	$2,377,457	$3,122,618	$223,026
2019	$3,108,366	$2,916,651	$2,884,330	$191,715

PROFESSIONAL GOLFERS ASSOCIATION OF SOUTH FLORIDA SECTION