THE TEXAS GOLF ASSOCIATION

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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

1946

Legal Domicile

Principal Officer

STACY DENNIS

Phone

2144688942

Tax Period

2024-01-01 to 2024-12-31

THE TEXAS GOLF ASSOCIATION, founded in 1946, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $6.8M left a modest 14% surplus.

Mission

TO PROMOTE THE PLAYING AND ADVANCEMENT OF THE ROYAL AND ANCIENT GAME OF GOLF IN TEXAS.

Program Service Accomplishments

Program 1

Expenses: $610,706 Revenue: $5,265,992

TGA COUNTED MORE THAN 600 MEMBER CLUBS AND 181,000 INDIVIDUAL MEMBER GOLFERS. GOLFERS BECOME MEMBERS BY VIRTUE OF ESTABLISHING A USGA HANDICAP AT A TGA MEMBER CLUB. IN ORDER TO FULFILL THE...

TGA COUNTED MORE THAN 600 MEMBER CLUBS AND 181,000 INDIVIDUAL MEMBER GOLFERS. GOLFERS BECOME MEMBERS BY VIRTUE OF ESTABLISHING A USGA HANDICAP AT A TGA MEMBER CLUB. IN ORDER TO FULFILL THE MEMBERSHIPS OF CLUBS, THE TGA PROVIDES GHIN SOFTWARE AND TECHNOLOGY, TOURNAMENT MANAGEMENT SOFTWARE, EDUCATIONAL SEMINARS AND PUBLICATIONS. TO SERVICE HANDICAPS AND MEMBERSHIPS FOR GOLFERS, THE TGA PROVIDES ACCESS TO GHIN GOLFER PRODUCTS, EDUCATIONAL RESOURCES, AND UTILIZES SOFTWARE AND TECHNOLOGY TO MANAGE MEMBER DATABASES.

Program 2

Expenses: $1,036,203 Revenue: $1,468,434

TGA CONDUCTS ORGANIZED GOLF EVENTS FOR COMPETITIVE AND RECREATIONAL GOLFERS IN EVERY REGION OF THE STATE. THESE EVENTS INCLUDE STATEWIDE AND REGIONAL CHAMPIONSHIPS, QUALIFYING ROUNDS FOR TGA AND USGA CHAMPIONSHIPS, MANAGED EVENTS FOR COLLEGES AND THE WOMEN'S SOUTHERN GOLF ASSOCIATION, FUN GOLF PLAY DAYS (NOW CALLED "MEMBER DAYS") AND BEGINNING GOLF OUTINGS. IN 2024, MORE THAN 11,000 APPLICATIONS WERE RECEIVED FOR MORE THAN 160 EVENTS COMPRISING MORE THAN 22,000 ROUNDS OF GOLF PLAYED BY ALMOST 4,500 UNIQUE GOLFERS. TGA STAFF WERE ON SITE AT HOST CLUBS FOR ALMOST 300 DAYS TO CONDUCT THESE EVENTS.

Program 3

Expenses: $507,652 Revenue: $290,234

TGA PROVIDES MANAGEMENT AND SUPPORT SERVICES TO RELATED ENTITIES AS WELL AS CONTRACTUAL MANAGEMENT SERVICES FOR OTHER RECREATIONAL ENTITIES. THE ASSOCIATION CONTRACTS WITH A THIRD PARTY STAFFING...

TGA PROVIDES MANAGEMENT AND SUPPORT SERVICES TO RELATED ENTITIES AS WELL AS CONTRACTUAL MANAGEMENT SERVICES FOR OTHER RECREATIONAL ENTITIES. THE ASSOCIATION CONTRACTS WITH A THIRD PARTY STAFFING ORGANIZATION AS AN UMBRELLA ORGANIZATION FOR ITS RELATED ENTITIES.

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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 $102,920

Program Service Revenue $7,754,378

Investment Income $88,651

Other Revenue $17,818

TOTAL REVENUE $7,963,767

Expense Breakdown

Grants Paid $300,265

Salaries & Benefits $3,003,131

Fundraising Expenses $0

Program Expenses $5,061,612

Other Expenses $3,508,569

TOTAL EXPENSES $6,811,965

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,963,767	$7,128,148	+0.1%
Expenses	$6,811,965	$5,967,794	+0.1%
Net Income	$1,151,802	$1,160,354	0.0%

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

219

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

$343,757

Total Directors