TN SECTION PGA OF AMERICA

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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

1972

Legal Domicile

Principal Officer

CLAYTON HROMADKA

Phone

6157907600

Tax Period

2024-01-01 to 2024-12-31

TN SECTION PGA OF AMERICA, founded in 1972, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $399K, a strong 15% operating margin.

Mission

TO ELEVATE THE STANDARDS OF THE PROFESSIONAL GOLFER'S VOCATION AND TO PROMOTE INTEREST IN THE GAME OF GOLF.

Program Service Accomplishments

Program 1

TOURNAMENTS- THE TENNESSEE SECTION PROMOTED THE GAME OF GOLF BY PROVIDING 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 TENNESSEE SECTION BOUNDARIES.

Program 2

JUNIOR GOLF- PROVIDED A SUPERIOR COMPETITIVE PROGRAM FOR ALL JUNIOR GOLFERS IN THE SECTION AND PROVIDE QUALIFIERS FOR THEM TO FURTHER THEIR EXPERIENCE ON A REGIONAL AND NATIONAL LEVEL.

Program 3

EDUCATION- PROMOTED EDUCATIONAL OPPORTUNITIES TO THE MEMBERS TO FURTHER THE GROWTH IN THE CHANGING GOLF INDUSTRY AND TO RECEIVE TRAINING IN AREAS ESSENTIAL IN ADVANCING THE GAME.

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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 $84,744

Program Service Revenue $2,305,542

Investment Income $225,560

Other Revenue $2,100

TOTAL REVENUE $2,617,946

Expense Breakdown

Grants Paid $45,114

Salaries & Benefits $527,460

Fundraising Expenses $0

Other Expenses $1,646,550

TOTAL EXPENSES $2,219,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,617,946	$2,256,787	+0.2%
Expenses	$2,219,124	$2,048,263	+0.1%
Net Income	$398,822	$208,524	+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

208

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

$188,405

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX COX	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WOODS	DIRECTOR	1.00	Director	$0	$0	$0
BRAXTON HUNTER	DIRECTOR	1.00	Director	$0	$0	$0
BRENT EDMISTER	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN BENTLEY	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON MENDES	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS DEBUSK	DIRECTOR	1.00	Director	$0	$0	$0
LAMAR MILLS	HONORARY PRESIDENT	2.00	Director	$0	$0	$0
JOEY HICKMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRIS CAUTHEN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL REID	SECRETARY	2.00	Officer Director	$0	$0	$0
CLAYTON HROMADKA	EXECUTIVE DIRECTOR	55.00	Officer	$165,379	$23,026	$188,405

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	$2,617,946	$2,219,124	$4,446,065	$398,822
2023	$2,256,787	$2,048,263	$4,151,720	$208,524
2022	$2,199,617	$2,009,329	$3,287,559	$190,288
2021	$2,062,038	$1,795,488	$3,470,335	$266,550
2020	$1,741,665	$1,611,261	$2,951,588	$130,404
2019	$1,914,182	$1,748,378	$2,573,565	$165,804