KGA-PGA INC (EIN 610941146) - 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

PETER KREMER

Phone

5022438295

Tax Period

2024-01-01 to 2024-12-31

KGA-PGA INC, founded in 1978, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 10% operating deficit.

Mission

PROVIDE ADMINISTRATIVE SERVICES AND SUPPORT TO KENTUCKY'S FAMILY OF GOLF ORGANIZATIONS.

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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 $1,286,755

Investment Income $10,845

Other Revenue $0

TOTAL REVENUE $1,297,600

Expense Breakdown

Grants Paid $275,000

Salaries & Benefits $947,205

Fundraising Expenses $0

Other Expenses $205,320

TOTAL EXPENSES $1,427,525

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,297,600	$1,162,979	+0.1%
Expenses	$1,427,525	$960,863	+0.5%
Net Income	$-129,925	$202,116	-1.6%

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

$183,833

Total Directors

$6,540

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL ARMBRUSTER	DIRECTOR	1.00	Director	$0	$0	$0
DANNY BARON	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM WALTERS	DIRECTOR	1.00	Director	$0	$0	$0
DAN WILHELM	DIRECTOR	1.00	Director	$0	$0	$0
JIM THOMPSON	DIRECTOR	1.00	Director	$0	$0	$2,310
DEAN TERRY	VICE PRESIDENT	1.00	Officer Director	$1,000	$0	$4,230
CHAD MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES WHELAN	DIRECTOR	1.00	Director	$0	$0	$0
SALLY MORGAN	EXECUTIVE DIRECTOR	48.00	Officer	$161,594	$18,009	$179,603

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	$1,297,600	$1,427,525	$765,936	$-129,925
2023	$1,162,979	$960,863	$935,704	$202,116
2022	$1,029,452	$951,315	$704,740	$78,137
2021	$1,017,256	$924,026	$618,752	$93,230
2020	$909,053	$888,122	$478,670	$20,931

KGA-PGA INC