THE TEXAS GOLF ASSOCIATION (EIN 750715222) - 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

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

THE TEXAS GOLF ASSOCIATION IS ONE OF THE LARGEST AND MOST RESPECTED GOLF ASSOCIATIONS IN THE COUNTRY, WITH AN ONGOING COMMITMENT OF ENSURING THAT THE TOP RESOURCES AND MOST DEPENDABLE STAFF ARE IN PLACE TO MEET CURRENT AND FUTURE NEEDS OF ITS MEMBERS, CONTESTANTS, VOLUNTEERS AND ALL WHO STRIVE TO PRESERVE THE GREAT TRADITIONS OF 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 $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

$343,757

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACY DENNIS	EXECUTIVE DIRECTOR	1.00	Officer Director	$322,365	$21,392	$343,757
LEE SANDLIN	PRESIDENT	1.40	Officer Director	$0	$0	$0
RICK TURNER	1ST VICE PRESIDENT	0.40	Officer Director	$0	$0	$0
PAUL MARCHAND	2ND VICE PRESIDENT	0.40	Officer Director	$0	$0	$0
CHRIS HARTENSTEIN	SECRETARY/TREASURER	0.40	Officer Director	$0	$0	$0
JONATHAN SHIPLEY	PAST PRESIDENT	0.40	Director	$0	$0	$0
JIM BROWN	PAST PRESIDENT	0.20	Director	$0	$0	$0
BILL HANLEY	PAST PRESIDENT	0.20	Director	$0	$0	$0
LESLIE HENRY	PAST PRESIDENT	0.40	Director	$0	$0	$0
MALCOLM HOLLAND	PAST PRESIDENT	0.20	Director	$0	$0	$0
MICKEY JONES	PAST PRESIDENT	0.40	Director	$0	$0	$0
SUZAN KNOX	PAST PRESIDENT	0.40	Director	$0	$0	$0
LOREN SINGLETARY	PAST PRESIDENT	0.20	Director	$0	$0	$0
KENNETH ANDERSON	DIRECTOR	0.20	Director	$0	$0	$0
ZACH ATKINSON	DIRECTOR	0.40	Director	$0	$0	$0
BOBBY BAUGH	DIRECTOR	0.20	Director	$0	$0	$0
MIKE BOOKER	DIRECTOR	0.20	Director	$0	$0	$0
DONNA BRADY	DIRECTOR	0.20	Director	$0	$0	$0
BRENT COOPER	DIRECTOR	0.20	Director	$0	$0	$0
JACQUE COOPER	DIRECTOR	0.20	Director	$0	$0	$0
AJ CORTEZ	DIRECTOR	0.40	Director	$0	$0	$0
SANDY DALEHITE	DIRECTOR	0.20	Director	$0	$0	$0
DAVID DICKERSON	DIRECTOR	0.20	Director	$0	$0	$0
CHUCK FLOWERS	DIRECTOR	0.20	Director	$0	$0	$0
JIM GRIFFIN	DIRECTOR	0.20	Director	$0	$0	$0
TITUS HARRIS III	DIRECTOR	0.20	Director	$0	$0	$0
AARON HICKMAN	DIRECTOR	0.20	Director	$0	$0	$0
RANDY LANCE	DIRECTOR	0.20	Director	$0	$0	$0
RAY MICKENS	DIRECTOR	0.20	Director	$0	$0	$0
RON NORMAN	DIRECTOR	0.20	Director	$0	$0	$0
RANDY RAWLS	DIRECTOR	0.20	Director	$0	$0	$0
DAVID RHODES	DIRECTOR	0.20	Director	$0	$0	$0
DANNY SIMMERMAN	DIRECTOR	0.20	Director	$0	$0	$0
JASON SMITH	DIRECTOR	0.20	Director	$0	$0	$0
GREG SMITH	DIRECTOR	0.20	Director	$0	$0	$0
MICHAEL STUART	DIRECTOR	0.20	Director	$0	$0	$0
STEVE SUHEY	DIRECTOR	0.20	Director	$0	$0	$0
SCOTT BEATY	HONORARY DIRECTOR	0.00	Director	$0	$0	$0
MARSHALL MORGAN	HONORARY DIRECTOR	0.20	Director	$0	$0	$0
REX BOHLS	HONORARY DIRECTOR	0.20	Director	$0	$0	$0
BOBBY GRABSTALD	HONORARY DIRECTOR	0.20	Director	$0	$0	$0
GUY MASON	HONORARY DIRECTOR	0.20	Director	$0	$0	$0
GENE RILEY	HONORARY DIRECTOR	0.20	Director	$0	$0	$0
SIS SINGLETARY	HONORARY DIRECTOR	0.20	Director	$0	$0	$0
PEGGY SPANN	HONORARY DIRECTOR	0.20	Director	$0	$0	$0
VERN SPURLOCK	HONORARY DIRECTOR	0.00	Director	$0	$0	$0
DENNIS WOOD	HONORARY DIRECTOR	0.20	Director	$0	$0	$0
PAT YOUNGS	HONORARY DIRECTOR	0.20	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	$7,963,767	$6,811,965	$6,424,405	$1,151,802
2023	$7,128,148	$5,967,794	$5,025,322	$1,160,354
2022	$6,193,053	$5,170,032	$3,992,095	$1,023,021
2021	$5,619,733	$4,796,830	$2,534,829	$822,903
2020	$4,556,408	$4,467,492	$1,658,971	$88,916
2019	$4,470,992	$4,295,265	$1,430,930	$175,727
2018	$4,252,293	$4,486,322	$999,772	$-234,029

THE TEXAS GOLF ASSOCIATION