NEW ENGLAND PGA FOUNDATION INC

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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

2016

Legal Domicile

Principal Officer

MICHAEL HIGGINS

Phone

5088690000

Tax Period

2023-01-01 to 2023-12-31

NEW ENGLAND PGA FOUNDATION INC, founded in 2016, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 8% surplus.

Mission

ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES THAT ENRICH THE LIVES OF INDIVIDUALS THROUGH THE GAME OF GOLF.

Program Service Accomplishments

Program 1

Expenses: $993,277 Revenue: $526,839

CREATE AND FUND PROGRAMS THAT IMPROVE INDIVIDUALS' LIVES BY PROMOTING PHYSICAL FITNESS, CULTIVATING CHARACTER, AND UNITING COMMUNITIES TOGETHER THROUGH THE SPORT OF GOLF.

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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 (2023)

Revenue Breakdown

Contributions & Grants $677,698

Program Service Revenue $554,339

Investment Income $42,358

Other Revenue $6,653

TOTAL REVENUE $1,281,048

Expense Breakdown

Grants Paid $226,925

Salaries & Benefits $0

Fundraising Expenses $63,914

Program Expenses $993,277

Other Expenses $954,137

TOTAL EXPENSES $1,181,062

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,281,048	$1,159,130	+0.1%
Expenses	$1,181,062	$1,071,730	+0.1%
Net Income	$99,986	$87,400	+0.1%

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

N/A

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

$241,196

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD ROBERTS	DIRECTOR	0.50	Director	$0	$0	$0
JEFF MARTIN	DIRECTOR	0.50	Director	$0	$0	$0
CORY MANSFIELD	DIRECTOR	0.50	Director	$0	$0	$0
JIM REMY	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS CARPENTER	DIRECTOR	0.50	Director	$0	$0	$0
MARK ALDRICH	DIRECTOR	0.50	Director	$0	$0	$0
BEN EGAN	DIRECTOR	0.50	Director	$0	$0	$0
LOU RIVERS	DIRECTOR	0.50	Director	$0	$0	$0
DAVID JANKOWSKI	DIRECTOR	0.50	Director	$0	$0	$0
MIKE BRADSHAW	DIRECTOR	0.50	Director	$0	$0	$0
ROB JARVIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOANNE FLYNN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
BRENDAN WALSH	SECRETARY	0.50	Officer Director	$0	$0	$0
CHIP JOHNSON	HONORARY PRESIDENT	0.50	Officer Director	$0	$0	$0
MICHAEL HIGGINS	EXECUTIVE DIRECTOR	10.00	Officer	$0	$11,338	$241,196

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	No data	No data	No data	No data
2023	$1,281,048	$1,181,062	$1,382,895	$99,986
2022	$1,159,130	$1,071,730	$1,229,191	$87,400
2021	$1,067,848	$829,393	$1,620,420	$238,455
2020	$452,216	$457,612	$958,610	$-5,396
2019	$578,780	$424,129	$888,339	$154,651