FSGA FOUNDATION INC (EIN 851100206) - 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

2020

Legal Domicile

Principal Officer

JAMES E DEMICK

Phone

8136323742

Tax Period

2024-01-01 to 2024-12-31

FSGA FOUNDATION INC, founded in 2020, is a community nonprofit in the Recreation & Sports sector that reported $5.0M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $4.5M, a strong 90% operating margin.

Mission

TO FUNDRAISE FOR AND OTHERWISE SUPPORT AND BENEFIT THE FLORIDA STATE GOLF ASSOCIATION, INC.

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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 $4,243,221

Program Service Revenue $0

Investment Income $744,088

Other Revenue $0

TOTAL REVENUE $4,987,309

Expense Breakdown

Grants Paid $400,474

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $501,293

Other Expenses $104,693

TOTAL EXPENSES $505,167

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,987,309	$5,856,810	-0.1%
Expenses	$505,167	$442,014	+0.1%
Net Income	$4,482,142	$5,414,796	-0.2%

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

$131,904

Total Directors

$131,904

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES E DEMICK	PRESIDENT	20.00	Officer Director	$0	$16,944	$131,904
CHARLES PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN R CARTER	DIRECTOR	1.00	Director	$0	$0	$0
TAFFY BROWER	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY M CAPANO	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
MAURICE C GALLANT	SECRETARY AND TREASURER	4.00	Officer 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	$4,987,309	$505,167	$37,166,478	$4,482,142
2023	$5,856,810	$442,014	$29,141,818	$5,414,796
2022	$3,177,776	$368,321	$20,607,490	$2,809,455
2021	$20,591,870	$207,639	$22,037,862	$20,384,231

FSGA FOUNDATION INC