COBB COMMUNITY FOUNDATION INC (EIN 205652970) - 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

2005

Legal Domicile

Principal Officer

SHARI B MARTIN

Phone

7708592366

Tax Period

2023-01-01 to 2023-12-31

COBB COMMUNITY FOUNDATION INC, founded in 2005, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.2M in total revenue in fiscal year 2023. Net assets of $13.7M represent 32 months of operating reserves.

Mission

COBB COMMUNITY FOUNDATION IS A PUBLIC CHARITY DRIVEN TO HELP COBB COUNTY AND THE IMMEDIATELY SURROUNDING AREA BECOME A THRIVING COMMUNITY OF ENGAGED, CHARITABLE CITIZENS WHERE ALL PEOPLE CAN ACCESS OPPORTUNITIES AND ACHIEVE THEIR GREATEST POTENTIAL. WE ARE A GRANT MAKER. WE ARE A CHARITABLE FUND MANAGER. WE ARE A COMMUNITY CATALYST, FOSTERING COLLABORATION FOR LONG-TERM IMPACT. THESE ROLES ARE EMBODIED IN OUR RECENTLY REVISED MISSION STATEMENT: BE A CATALYST FOR A THRIVING COMMUNITY MOBILIZING PEOPLE IDEAS AND RESOURCES TO IMPROVE QUALITY OF LIFE IN AND AROUND COBB. IN 2023, COBB COMMUNITY FOUNDATION MADE TOTAL GRANTS AND SCHOLARSHIPS OF NEARLY $4.6 MILLION, 50% OF WHICH WAS AWARDED TO ORGANIZATIONS IN COBB COUNTY, GEORGIA AND 71% OF WHICH WAS AWARDED TO ORGANIZATIONS IN METRO ATLANTA.

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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 $4,150,127

Program Service Revenue $113,897

Investment Income $906,425

Other Revenue $0

TOTAL REVENUE $5,170,449

Expense Breakdown

Grants Paid $4,559,026

Salaries & Benefits $536,701

Fundraising Expenses $232,669

Program Expenses $5,067,291

Other Expenses $411,464

TOTAL EXPENSES $5,507,191

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,170,449	$5,133,714	+0.0%
Expenses	$5,507,191	$2,532,838	+1.2%
Net Income	$-336,742	$2,600,876	-1.1%

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

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

$136,101

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM GRESH	CHAIR	1.50	Officer Director	$0	$0	$0
CHRIS GRUEHN	FIRST VICE CHAIR	1.25	Officer Director	$0	$0	$0
JOYETTE HOLMES	SECOND VICE CHAIR	0.75	Officer Director	$0	$0	$0
LARRY STEVENS	SECOND VICE CHAIR	1.25	Officer Director	$0	$0	$0
KEN HARMON	SECRETARY	0.75	Officer Director	$0	$0	$0
CHARLIE BARNWELL	TREASURER	0.75	Officer Director	$0	$0	$0
JIM RHODEN	FOUNDING CHAIR	1.25	Director	$0	$0	$0
TODD MCMULLEN	IMMEDIATE PAST BOARD CHAIR	0.75	Director	$0	$0	$0
AL MARTIN	DIRECTOR	0.50	Director	$0	$0	$0
ALANA MUELLER	DIRECTOR	0.50	Director	$0	$0	$0
CAROLE COX	DIRECTOR	0.75	Director	$0	$0	$0
BOB BONSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
CALLIE ANDREWS	DIRECTOR	0.25	Director	$0	$0	$0
DAN BUYERS	DIRECTOR	0.50	Director	$0	$0	$0
DONNA KRUEGER	DIRECTOR	0.75	Director	$0	$0	$0
CARLOS RODGRIGUEZ	DIRECTOR	0.50	Director	$0	$0	$0
GASPAR RODRIGUEZ	DIRECTOR	0.50	Director	$0	$0	$0
CHERYL RICHARDSON	DIRECTOR	0.50	Director	$0	$0	$0
DARION DUNN	DIRECTOR	0.50	Director	$0	$0	$0
STEVE IMLER	DIRECTOR	1.25	Director	$0	$0	$0
SUSAN TILLERY	DIRECTOR	0.75	Director	$0	$0	$0
TERRI BUNTEN GUTHRIE	DIRECTOR	0.50	Director	$0	$0	$0
TRACY STYF	DIRECTOR	0.50	Director	$0	$0	$0
TRAVIS REEVES	DIRECTOR	0.50	Director	$0	$0	$0
TREY SANDERS	DIRECTOR	0.50	Director	$0	$0	$0
TRISH PAGAN	DIRECTOR	0.25	Director	$0	$0	$0
RAY THOMAS	DIRECTOR	0.50	Director	$0	$0	$0
SHARON MASON	DIRECTOR	0.50	Director	$0	$0	$0
SID JONES	DIRECTOR	0.50	Director	$0	$0	$0
SHARI MARTIN	PRESIDENT & CEO	55.00	Officer	$130,701	$5,400	$136,101

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	$5,170,449	$5,507,191	$24,793,612	$-336,742
2022	$5,133,714	$2,532,838	$22,816,588	$2,600,876
2021	$3,579,591	$2,821,411	$18,425,025	$758,180
2020	$2,489,733	$2,448,431	$14,778,282	$41,302
2019	$3,421,057	$1,466,191	$13,606,977	$1,954,866
2018	$3,437,299	$1,444,189	$10,099,141	$1,993,110

COBB COMMUNITY FOUNDATION INC