ATHENS AREA COMMUNITY FOUNDATION INC

EIN: 261838979 501(c)(3) Philanthropy & Grantmaking

ATHENS, GA

Total Revenue
$10,859,005
Total Expenses
$7,030,415
Total Assets
$28,313,231
Net Assets
$18,428,461
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
GA
Principal Officer
SARAH MCKINNEY
Phone
7065427044
Tax Period
2023-07-01 to 2024-06-30

ATHENS AREA COMMUNITY FOUNDATION INC, founded in 2008, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $10.9M in total revenue in fiscal year 2023. Revenue surged 156% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 35% operating margin.

Mission

BRINGING PEOPLE TOGETHER WHO CARE DEEPLY ABOUT ATHENS, GEORGIA AND SURROUNDING AREA AND WHO SEEK TO IMPROVE THE QUALITY OF LIFE AND ECONOMIC WELL-BEING OF ALL PEOPLE IN OUR COMMUNITY THROUGH GIFTS AND INVOLVEMENT. COMMITTED TO CONNECTING DONORS WITH WHAT THEY CARE ABOUT THROUGH CHARITABLE GIVING AND BY SERVING AS A WELL-INFORMED AND EFFECTIVE GRANT-MAKER WORKING IN PARTNERSHIP WITH THE COMMUNITY AND ENCOURAGING THE ENTIRE COMMUNITY TO SUPPORT CHARITABLE GIVING FOR THE BENEFIT OF ALL.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,180,556
Program Service Revenue $353,825
Investment Income $324,624
Other Revenue $0
TOTAL REVENUE $10,859,005

Expense Breakdown

Grants Paid $6,056,358
Salaries & Benefits $308,119
Fundraising Expenses $53,019
Program Expenses $6,861,012
Other Expenses $665,938
TOTAL EXPENSES $7,030,415

Year-over-Year Comparison

2023 2022 Change
Revenue $10,859,005 $4,249,622 +1.6%
Expenses $7,030,415 $3,799,649 +0.9%
Net Income $3,828,590 $449,973 +7.5%
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

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Governance

Voting Members
18
Independent Members
18
Employees
5
Volunteers
22

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
6
$117,774
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARA SCHRAMM CHAIR 2.00
Officer Director
$0 $0 $0
MYRON DOWN VICE-CHAIR 2.00
Officer Director
$0 $0 $0
ALICIA BATTLE SECRETARY 1.00
Officer Director
$0 $0 $0
CLARK BROWN TREASURER 2.00
Officer Director
$0 $0 $0
RHODES MCLANAHAN IMMEDIATE PAST CHAIR 2.00
Officer Director
$0 $0 $0
AMY BEMENT BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID BRADLEY BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN CLARK BOARD MEMBER 1.00
Director
$0 $0 $0
SALLY COENEN BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER FRUM BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICK GARRARD BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY GIRTZ BOARD MEMBER 1.00
Director
$0 $0 $0
HEIDI HENSLEY BOARD MEMBER 1.00
Director
$0 $0 $0
BAVAN HOPPER BOARD MEMBER 1.00
Director
$0 $0 $0
TIM JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
JODY PATTON BOARD MEMBER 1.00
Director
$0 $0 $0
KIRK SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
ROY STOWE BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH MCKINNEY CEO/PRESIDENT 40.00
Officer
$111,806 $5,968 $117,774
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 No data No data No data No data
2024 $10,859,005 $7,030,415 $28,313,231 $3,828,590
2023 $4,249,622 $3,799,649 $21,056,504 $449,973
2022 $5,823,024 $4,015,531 $18,781,232 $1,807,493
2021 $3,399,070 $2,569,396 $18,324,439 $829,674
2020 $3,612,771 $2,680,853 $13,204,711 $931,918
2020 $3,612,771 $2,680,853 $13,204,711 $931,918
2019 $3,452,625 $2,233,736 $11,384,660 $1,218,889
2018 $2,980,426 $1,430,249 $8,857,288 $1,550,177
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