FLORIDA STATE GOLF ASSOCIATION INC (EIN 592171378) - 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

1913

Legal Domicile

Principal Officer

MOE GALLANT

Phone

8136323742

Tax Period

2024-01-01 to 2024-12-31

FLORIDA STATE GOLF ASSOCIATION INC, founded in 1913, is a mid-sized nonprofit in the Recreation & Sports sector that reported $13.3M in total revenue in fiscal year 2024.

Mission

THE FLORIDA STATE GOLF ASSOCIATION (FSGA) WAS FORMED IN 1913 TO PRESERVE AND PROTECT THE GAME OF GOLF. THE FSGA IS A VOLUNTEER-BASED ORGANIZATION THAT INCLUDES OVER 900 MEMBER CLUBS AND 350,000 INDIVIDUAL MEMBERS FROM ACROSS THE STATE. THE FSGA PROVIDES A VARIETY OF SERVICES TO ITS MEMBER CLUBS, THEIR MEMBERS AND THE GENERAL GOLFING COMMUNITY OF FLORIDA. THE FSGA WORKS WITH APPROXIMATELY 500 MEN AND WOMEN VOLUNTEERS TO SERVE THE SPORT OF GOLF IN FLORIDA. THE SERVICES PROVIDED, ALL OF WHICH ARE INTENDED TO PRESERVE AND PROTECT THE GAME OF GOLF, INCLUDE THE FOLLOWING: PREPARING PARTICIPANTS FOR NATIONAL COMPETITIONS, JUNIOR PROGRAMS AND TOURNAMENTS, SCHOLARSHIPS, TOURNAMENT AND CHAMPIONSHIP ADMINISTRATION, HANDICAP SERVICE, RULES OF GOLF INTERPRETATION, COURSE RATING AND MEASURING, TURFGRASS RESEARCH, AMATEUR STATUS.

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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 $368,551

Program Service Revenue $12,640,089

Investment Income $269,256

Other Revenue $0

TOTAL REVENUE $13,277,896

Expense Breakdown

Grants Paid $4,001,250

Salaries & Benefits $3,167,468

Fundraising Expenses $0

Program Expenses $12,895,943

Other Expenses $6,170,367

TOTAL EXPENSES $13,339,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,277,896	$12,575,125	+0.1%
Expenses	$13,339,085	$13,443,870	0.0%
Net Income	$-61,189	$-868,745	-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

Volunteers

500

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

$445,232

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF MAGADITSCH	EXECUTIVE DIRECTOR	40.00	Officer	$290,000	$23,328	$313,328
DARIN GREEN	SR. DIR OF RULES AND COMP	40.00	Highest	$204,160	$18,229	$222,389
AARON SKOVIERA	SR. DIR GHIN SERVICES	40.00	Highest	$204,160	$18,229	$222,389
KYLE DIGIACCOBE	DIR OF MEN'S GOLF	40.00	Highest	$139,160	$14,729	$153,889
KEVIN KASUBINSKI	DIR GHIN SERVICES	40.00	Highest	$119,660	$13,469	$133,129
EMILY STOKER	DIR TOURNAMENT OPERATIONS	40.00	Highest	$119,159	$13,329	$132,488
JIM DEMICK	FSGA FOUNDATION PRESIDENT	55.00	Officer	$114,960	$16,944	$131,904
KAREN AMMERMAN	DIRECTOR	5.00	Director	$0	$0	$0
DUKE BUTLER IV	DIRECTOR	5.00	Director	$0	$0	$0
STEVE CARTER	DIRECTOR	5.00	Director	$0	$0	$0
WENDI CHRISTENSEN	DIRECTOR	5.00	Director	$0	$0	$0
MARY JANE CRUSSELLE	DIRECTOR	5.00	Director	$0	$0	$0
WILL DAVENPORT	DIRECTOR	5.00	Director	$0	$0	$0
JERONIMO ESTEVE	DIRECTOR	5.00	Director	$0	$0	$0
KEVIN HAMMER	DIRECTOR	5.00	Director	$0	$0	$0
CHAD IBBOTSON	DIRECTOR	5.00	Director	$0	$0	$0
MIKE MILLER	DIRECTOR	5.00	Director	$0	$0	$0
JOSE NOVO	DIRECTOR	5.00	Director	$0	$0	$0
CHUCK PHILLIPS	DIRECTOR	5.00	Director	$0	$0	$0
MIKE RILEY	DIRECTOR	5.00	Director	$0	$0	$0
CARL SANTOS OCAMPO	DIRECTOR	5.00	Director	$0	$0	$0
MEGHAN STASI	DIRECTOR	5.00	Director	$0	$0	$0
ADRIAN STILLS	DIRECTOR	5.00	Director	$0	$0	$0
JON VENEZIANO	DIRECTOR	5.00	Director	$0	$0	$0
JIM WEICK	DIRECTOR	5.00	Director	$0	$0	$0
KIM BENEDICT	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
WILL SPRAGUE	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
PETE WILLIAMS	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
MOE GALLANT	PRESIDENT	10.00	Officer Director	$0	$0	$0
STEVE ALBRIGHT	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
BRIAN KEENEN	SECRETARY/TREASURER	10.00	Officer Director	$0	$0	$0
ANTHONY CAPANO	IMMEDIATE PAST PRESIDENT	5.00	Officer Director	$0	$0	$0

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	$13,277,896	$13,339,085	$6,196,423	$-61,189
2023	$12,575,125	$13,443,870	$5,660,321	$-868,745
2022	$10,377,857	$9,836,303	$5,786,545	$541,554
2021	$9,469,778	$26,218,349	$5,793,122	$-16,748,571
2020	$8,035,233	$5,259,497	$21,463,798	$2,775,736
2019	$8,660,855	$5,959,509	$17,052,832	$2,701,346
2018	$7,458,336	$5,718,029	$12,960,614	$1,740,307

FLORIDA STATE GOLF ASSOCIATION INC