University of North Georgia Real Estate Foundation Inc

EIN: 263332258 501(c)(3) Education

Dahlonega, GA

Total Revenue
$8,203,983
Total Expenses
$8,042,747
Total Assets
$170,103,269
Net Assets
$18,319,470
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
GA
Phone
7068672401
Tax Period
2024-07-01 to 2025-06-30

University of North Georgia Real Estate Foundation Inc, founded in 2008, is a community nonprofit in the Education sector that reported $8.2M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Net assets of $18.3M represent 27 months of operating reserves.

Mission

To acquire, lease, receive, accept, develop, manage, encumber, assign, sell, transfer and convey real property to be administered for charitable purposes by the University of North 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,416,894
Investment Income $-212,911
Other Revenue $0
TOTAL REVENUE $8,203,983

Expense Breakdown

Grants Paid $1,994,143
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,001,043
Other Expenses $6,048,604
TOTAL EXPENSES $8,042,747

Year-over-Year Comparison

2024 2023 Change
Revenue $8,203,983 $6,317,753 +0.3%
Expenses $8,042,747 $5,714,652 +0.4%
Net Income $161,236 $603,101 -0.7%
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
12
Independent Members
9
Employees
6
Volunteers
9

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
5
$329,534
Total Directors
13
$723,706
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bob Mathews Chairman 1.0
Officer Director
$0 $0 $0
Gary Osley Vice Chairman 0.5
Officer Director
$0 $0 $0
James A Faulkner Treasurer/Secretary 1.0
Officer Director
$0 $0 $0
Beth Baldwin Trustee 0.5
Director
$0 $0 $0
Dan O'Leary Trustee 0.5
Director
$0 $0 $0
Jack Elrod Trustee 0.5
Director
$0 $0 $0
James Shore Trustee 0.5
Director
$0 $0 $0
Jason Matt Trustee 0.5
Director
$0 $0 $0
Jeff Tarnowski Trustee 0.5
Director
$0 $87,438 $274,368
Jonathan Collins Trustee 0.5
Director
$0 $0 $0
Mary Helen McGruder Trustee 0.5
Director
$0 $0 $0
Mike Shannon Trustee 0.5
Director
$0 $90,223 $449,338
Nick Massengill Trustee 0.5
Director
$0 $0 $0
Derek Leonard Administrative Officer 10.0
Officer
$0 $76,691 $210,736
Frank McConnell Advisor 19.0
Officer
$0 $92 $118,798
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 $8,203,983 $8,042,747 $170,103,269 $161,236
2024 $6,317,753 $5,714,652 $127,601,089 $603,101
2023 $6,009,197 $5,233,468 $131,610,420 $775,729
2022 $6,320,510 $4,977,002 $135,823,114 $1,343,508
2021 $6,248,521 $4,696,431 $139,593,600 $1,552,090
2020 $6,433,970 $5,148,325 $142,225,504 $1,285,645
2019 $6,572,311 $4,372,611 $145,154,799 $2,199,700
2018 $8,582,348 $6,531,928 $144,915,334 $2,050,420
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