SAVANNAH STATE UNIVERSITY FOUNDATION INC AND SUBSIDIARIES (EIN 237305890) - 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

1972

Legal Domicile

Principal Officer

DR CLEMONTINE WASHINGTON

Phone

9123584275

Tax Period

2024-07-01 to 2025-06-30

SAVANNAH STATE UNIVERSITY FOUNDATION INC AND SUBSIDIARIES, founded in 1972, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 21% operating margin.

Mission

THE PURPOSE OF THE FOUNDATION IS THE ESTABLISHMENT OF FUNDS TO BE USED FOR THE ADVANCEMENT OF SAVANNAH STATE UNIVERSITY AND FOR THE PROMOTION OF THE EDUCATION AND WELFARE OF FACULTY AND STUDENTS. THIS INCLUDES RAISING AND MANAGING FUNDS, PROVIDING SCHOLARSHIPS, AND RENOVATING AND OPERATING STUDENT HOUSING COMPLEXES ON THE CAMPUS.

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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 $4,049,378

Program Service Revenue $2,912,455

Investment Income $428,191

Other Revenue $11,646

TOTAL REVENUE $7,401,670

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $59,210

Fundraising Expenses $0

Program Expenses $2,018,926

Other Expenses $5,696,554

TOTAL EXPENSES $5,855,764

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,401,670	$6,619,985	+0.1%
Expenses	$5,855,764	$5,206,203	+0.1%
Net Income	$1,545,906	$1,413,782	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR WILLIAM T SIMMONS	DIRECTOR (PAST CHAIR)	1.00	Director	$0	$0	$0
LATANGA I ALLEN-FELDER	DIRECTOR	1.00	Director	$0	$0	$0
HON EMANUEL LARKIN JR	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE A ADAMS	MEMBERSHIP CHAIR	1.00	Director	$0	$0	$0
WILLIS BLAKE EDD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL A KAIGLER	CO-CHAIRMAN	1.00	Officer Director	$0	$0	$0
EUGENE FELTON JR JD	DIRECTOR	1.00	Director	$0	$0	$0
WALTER E GASKIN	STRATEGIC PLANNING COMMITTEE CHAIR	1.00	Director	$0	$0	$0
DR PATRICIA MOSLEY HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MELVIN	SECRETARY	1.00	Officer Director	$0	$0	$0
CAPT BERNARD L JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
HON EDNA B JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
DR JIMMIE C JACKSON	CHAIRWOMAN EMERITUS	1.00	Director	$0	$0	$0
VALERIE L REYNOLDS MD	MILITARY SUPPORT COMM CHAIR	1.00	Director	$0	$0	$0
JOHN KELLEY	TREASURER	1.00	Officer Director	$0	$0	$0
BOBBY LOCKETT	COMMUNITY/GOVERNMENT	1.00	Director	$0	$0	$0
BARBARA MCGHEE	BOOSTER CLUB PRES	1.00	Director	$0	$0	$0
RONALD MCGHEE	DIRECTOR	1.00	Director	$0	$0	$0
GLENNERA E MARTIN	SPEC. EVENTS COMM.	1.00	Director	$0	$0	$0
HAROLD WASHINGTON	SSUNAA PRESIDENT	1.00	Director	$0	$0	$0
CAROLYN PRICE	FINANCIAL SECRETARY	1.00	Director	$0	$0	$0
JULIUS SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN S TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR J TERRY	FUNDRAISING CHAIR	1.00	Director	$0	$0	$0
DR CLEMONTINE WASHINGTON	CHAIRMAN	5.00	Officer Director	$0	$0	$0
MICHAEL D WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES G YOUNG	MEMBERSHIP CHAIR	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
2025	$7,401,670	$5,855,764	$67,046,000	$1,545,906
2024	$6,619,985	$5,206,203	$68,006,272	$1,413,782
2023	$8,774,524	$7,226,226	$86,840,344	$1,548,298
2022	$5,951,749	$4,256,919	$89,611,630	$1,694,830
2021	$6,773,497	$4,491,224	$70,189,584	$2,282,273
2020	$4,967,727	$4,773,870	$82,130,337	$193,857
2019	$5,193,230	$4,917,195	$84,440,656	$276,035
2018	$5,367,301	$5,185,486	$86,286,621	$181,815

SAVANNAH STATE UNIVERSITY FOUNDATION INC AND SUBSIDIARIES