PGA Financial Assistance Fund Inc (EIN 650443262) - 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

1993

Legal Domicile

Principal Officer

Derek Sprague

Phone

5616248400

Tax Period

2024-04-01 to 2025-03-31

PGA Financial Assistance Fund Inc, founded in 1993, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $688K, a strong 62% operating margin.

Mission

The Organization's primary exempt purpose is to promote higher education through financial aid.

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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 $170,046

Program Service Revenue $0

Investment Income $947,727

Other Revenue $0

TOTAL REVENUE $1,117,773

Expense Breakdown

Grants Paid $400,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $417,500

Other Expenses $29,508

TOTAL EXPENSES $429,508

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,117,773	$721,822	+0.5%
Expenses	$429,508	$429,561	0.0%
Net Income	$688,265	$292,261	+1.4%

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

N/A

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

$6,871,249

Total Directors

$4,085,127

Key Employees

$1,122,345

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Seth Waugh	CEO	1.00	Officer Director	$0	$7,044	$3,904,941
Eric Eshleman	Secretary	1.00	Officer Director	$0	$0	$10,935
Don Rea	President	1.00	Officer Director	$0	$0	$81,477
Nathan Charnes	Vice President	1.00	Officer Director	$0	$0	$87,774
Henry Smokler	General Counsel	1.00	Officer	$0	$47,970	$795,234
Craig Kessler	COO	1.00	Officer	$0	$59,210	$1,378,205
John Connelly	CFO	1.00	Officer	$0	$17,276	$607,453
Derek Sprague	CEO	1.00	Officer	$0	$0	$5,230
John Easterbrook	CMO	1.00	Key Emp	$0	$39,339	$1,122,345
Sandra Cross	CPO	1.00	Highest	$0	$40,827	$549,662
Kevin Scott	CTO	1.00	Highest	$0	$34,513	$547,628
Drew Blasband	SD	1.00	Highest	$0	$63,795	$445,374
Jeffrey Bloom	FP&B Controller	1.00	Highest	$0	$55,101	$389,405
Diane Patz	Senior Director	1.00	Highest	$0	$51,695	$380,514
John Lindert	Past President	0.00		$0	$0	$110,814

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
2025	$1,117,773	$429,508	$8,845,054	$688,265
2024	$721,822	$429,561	$9,234,008	$292,261
2023	$809,730	$399,543	$7,947,190	$410,187
2022	$922,761	$435,553	$8,307,726	$487,208
2021	$661,910	$426,546	$7,705,326	$235,364
2020	$761,751	$430,546	$5,137,233	$331,205
2018	$703,906	$436,067	$6,283,628	$267,839

PGA Financial Assistance Fund Inc