USGA FOUNDATION (EIN 834639721) - 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

2019

Legal Domicile

Principal Officer

CHARLIE PAGNAM

Phone

9082342300

Tax Period

2023-01-01 to 2023-12-31

USGA FOUNDATION, founded in 2019, is a community nonprofit in the Recreation & Sports sector that reported $7.4M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.5M, a strong 60% operating margin.

Mission

THE FOUNDATION'S PRIMARY OBJECTIVE IS TO PROVIDE FINANCIAL (CONTINUED ON SCHEDULE O).SUPPORT TO THE USGA AS IT CARRIES OUT ITS PROGRAMS TO ADVANCE ITS CHARITABLE MISSION.

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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 $7,760,251

Program Service Revenue $0

Investment Income $-352,880

Other Revenue $-10,135

TOTAL REVENUE $7,397,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $834,150

Fundraising Expenses $0

Program Expenses $2,923,240

Other Expenses $2,112,057

TOTAL EXPENSES $2,946,207

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,397,236	$5,818,948	+0.3%
Expenses	$2,946,207	$2,461,887	+0.2%
Net Income	$4,451,029	$3,357,061	+0.3%

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

$2,272,150

Total Directors

$4,803,940

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE WHAN	DIRECTOR	1.00	Director	$0	$161,472	$2,531,790
SUSAN PIKITCH	CHIEF FINANCIAL OFFICER	1.00	Officer Director	$0	$72,964	$822,442
CHRISTOPHER FRASER	SECRETARY	1.00	Officer Director	$0	$61,985	$757,259
CHARLIE PAGNAM	EXECUTIVE DIRECTOR & CPO	50.00	Officer Director	$624,371	$68,078	$692,449
ANTHONY K ANDERSON	CHAIRMAN, DIRECTOR	1.00	Officer Director	$0	$0	$0
CATHY ENGELBERT	DIRECTOR (THRU 02/2023)	1.00	Director	$0	$0	$0
CHUCK BRYMER	DIRECTOR (AS OF 02/2023)	1.00	Director	$0	$0	$0
J STUART FRANCIS	DIRECTOR (THRU 02/2023)	1.00	Director	$0	$0	$0
MICHAEL MCCARTHY	DIRECTOR (AS OF 02/2023)	1.00	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	No data	No data	No data	No data
2023	$7,397,236	$2,946,207	$29,493,752	$4,451,029
2022	$5,818,948	$2,461,887	$14,461,419	$3,357,061
2021	$4,151,896	$2,803,193	$5,745,088	$1,348,703
2020	$1,255,913	$1,701,577	$1,346,250	$-445,664

USGA FOUNDATION