PGA TOUR CHARITIES INC (EIN 592774423) - 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

1986

Legal Domicile

Principal Officer

JOSEPH W MONAHAN

Phone

9042853700

Tax Period

2024-01-01 to 2024-12-31

PGA TOUR CHARITIES INC, founded in 1986, is a community nonprofit in the Youth Development sector that reported $3.3M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $3.2M left a modest 4% surplus.

Mission

TO RAISE FUNDS TO DISTRIBUTE TO OTHER CHARITABLE AND EDUCATIONAL ORGANIZATIONS RECOGNIZED UNDER 501(C)(3) OF THE I.R.C. AND PROVIDE CHARITABLE SUPPORT TO NEEDY INDIVIDUALS.

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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 $3,203,398

Program Service Revenue $0

Investment Income $124,469

Other Revenue $0

TOTAL REVENUE $3,327,867

Expense Breakdown

Grants Paid $3,098,889

Salaries & Benefits $0

Fundraising Expenses $31,201

Program Expenses $3,098,889

Other Expenses $86,768

TOTAL EXPENSES $3,185,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,327,867	$3,805,865	-0.1%
Expenses	$3,185,657	$2,890,986	+0.1%
Net Income	$142,210	$914,879	-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

N/A

Volunteers

N/A

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

$43,261,975

Total Directors

$74,809,573

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MCILROY RORY	DIRECTOR	1.0	Director	$0	$11,097,945	$40,109,999
MONAHAN JOSEPH W	PRESIDENT/DIRECTOR	1.0	Officer Director	$0	$1,024,205	$19,227,851
PRICE RONALD E	VICE PRESIDENT/DIRECTOR	1.0	Officer Director	$0	$26,712	$13,219,345
BROWN LEONARD	VICE PRESIDENT	1.0	Officer	$0	$242,582	$3,219,947
KELLER ALLISON W	VICE PRESIDENT/SECRETARY	1.0	Officer	$0	$324,655	$2,961,400
SHETTY NEERA M	VICE PRESIDENT	1.0	Officer	$0	$130,302	$2,438,989
HOFFMAN CHARLEY	DIRECTOR	1.0	Director	$0	$409,395	$2,252,378
MADARA JAY M	VICE PRESIDENT/TREASURER	1.0	Officer	$0	$68,432	$2,194,443
SHARKEY KENNETH J	FORMER VICE PRESIDENT	0.0		$0	$0	$112,615
HERLIHY EDWARD D	DIRECTOR	1.0	Director	$0	$0	$0
LINDERT JOHN	DIRECTOR	1.0	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	$3,327,867	$3,185,657	$4,452,785	$142,210
2023	$3,805,865	$2,890,986	$4,304,679	$914,879
2022	$2,679,209	$3,101,138	$3,339,240	$-421,929
2021	$4,568,205	$4,088,489	$3,965,513	$479,716
2020	$8,904,263	$13,533,656	$3,673,629	$-4,629,393
2019	$8,361,891	$3,694,031	$8,268,045	$4,667,860
2018	$3,127,294	$3,823,906	$3,728,937	$-696,612

PGA TOUR CHARITIES INC