Georgia Student Scholarship Organization SSO Inc (EIN 262903667) - 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

2008

Legal Domicile

Phone

7703778080

Tax Period

2023-01-01 to 2023-12-31

Georgia Student Scholarship Organization SSO Inc, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $14.0M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $12.5M left a modest 11% surplus.

Mission

Georgia Student Scholarship Organization (SSO) Inc., is a nonprofit Georgia Corporation dedicated to offering students from low and middle income family opportunities to attend private K-12 schools of their parents' choice.

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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 $13,986,687

Program Service Revenue $0

Investment Income $48,168

Other Revenue $0

TOTAL REVENUE $14,034,855

Expense Breakdown

Grants Paid $11,688,926

Salaries & Benefits $632,058

Fundraising Expenses $72,322

Program Expenses $12,199,976

Other Expenses $217,677

TOTAL EXPENSES $12,538,661

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,034,855	$9,242,773	+0.5%
Expenses	$12,538,661	$9,597,922	+0.3%
Net Income	$1,496,194	$-355,149	-5.2%

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

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

$298,904

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David B Neyer	President & CEO	40.00	Director	$258,044	$22,285	$280,329
Mark C Langston	former trustee	5.00		$120	$34,414	$34,534
Robert J Jasion	Trustee	5.00	Director	$2,000	$12,575	$14,575
Fulton Lewis	Trustee	1.00	Director	$2,000	$0	$2,000
Tracy Baggett	Trustee	1.00	Director	$2,000	$0	$2,000

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	$14,034,855	$12,538,661	$5,269,579	$1,496,194
2022	$9,242,773	$9,597,922	$3,773,971	$-355,149
2021	$9,720,252	$8,177,258	$4,146,288	$1,542,994
2020	$8,300,725	$7,262,566	$2,677,246	$1,038,159
2019	$7,451,707	$7,092,149	$1,549,906	$359,558
2018	$5,669,252	$5,394,853	$1,192,320	$274,399

Georgia Student Scholarship Organization SSO Inc