SCHOLARSHIP FOUNDATION OF SOUTHWEST GEORGIA INC (EIN 237355929) - 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

1973

Legal Domicile

Principal Officer

WILLIAM BURKE

Phone

2292482510

Tax Period

2023-07-01 to 2024-06-30

SCHOLARSHIP FOUNDATION OF SOUTHWEST GEORGIA INC, founded in 1973, is a small nonprofit that reported $209K in total revenue in fiscal year 2023. Revenue surged 134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $109K, a strong 52% operating margin.

Mission

TO PROVIDE COLLEGE SCHOLARSHIPS AND OTHER COLLEGE RELATED PROGRAMS NOT FUNDED BY THE STATE OF GEORGIA.

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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 $187,601

Program Service Revenue $0

Investment Income $21,816

Other Revenue $0

TOTAL REVENUE $209,417

Expense Breakdown

Grants Paid $76,341

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $85,171

Other Expenses $23,994

TOTAL EXPENSES $100,335

Year-over-Year Comparison

	2023	2022	Change
Revenue	$209,417	$89,511	+1.3%
Expenses	$100,335	$58,607	+0.7%
Net Income	$109,082	$30,904	+2.5%

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
WILLIAM BURKE	CHAIRMAN	N/A	Officer Director	$0	$0	$0
ERWIN HARRELL	BOARD MEMBER	N/A	Director	$0	$0	$0
CHARLES KIRBO	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL KIRKLAND	SECRETARY	N/A	Officer Director	$0	$0	$0
JACK LEVERETT	BOARD MEMBER	N/A	Director	$0	$0	$0
BRUCE MANN	TREASURER	N/A	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	$209,417	$100,335	$3,071,310	$109,082
2023	$89,511	$58,607	$2,809,592	$30,904
2022	$226,205	$59,254	$2,618,255	$166,951
2021	$322,131	$78,945	$3,061,553	$243,186
2020	$67,711	$68,686	$2,450,132	$-975
2019	$381,816	$123,165	$2,453,008	$258,651

SCHOLARSHIP FOUNDATION OF SOUTHWEST GEORGIA INC