GEORGIA TAX CREDIT SCHOLARSHIP PROG (EIN 272354668) - 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

2010

Legal Domicile

Principal Officer

ERIC PANKEY

Phone

4046176874

Tax Period

2024-10-01 to 2025-09-30

GEORGIA TAX CREDIT SCHOLARSHIP PROG, founded in 2010, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

ENSURE EVERY CHILD GRADES K-12 HAS ACCESS TO QUALITY EDUCATION. PROVIDE ECONOMICALLY DISADVANTAGED PARENTS THE OPPORTUNITY TO CHOOSE

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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 $1,077,791

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,077,791

Expense Breakdown

Grants Paid $991,545

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,057,551

Other Expenses $75,198

TOTAL EXPENSES $1,066,743

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,077,791	$1,224,299	-0.1%
Expenses	$1,066,743	$1,284,209	-0.2%
Net Income	$11,048	$-59,910	-1.2%

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

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
ERIC PANKEY	CEO	20	Officer Director	$0	$0	$0
MALCOLM VASHAWN	CFO	5	Officer Director	$0	$0	$0
SYLVIA LEE	SECRETARY	5	Officer 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	$1,077,791	$1,066,743	$794,315	$11,048
2024	No data	No data	No data	No data
2023	$73,702	$139,596	$617,776	$-65,894
2022	$1,002,500	$1,066,672	$1,158,493	$-64,172
2021	$1,022,548	$1,202,884	$1,229,937	$-180,336
2020	$1,022,500	$1,118,388	$979,654	$-95,888
2019	$1,381,639	$1,584,328	$1,066,364	$-202,689
2018	$1,251,487	$1,593,701	$7,319,727	$-342,214

GEORGIA TAX CREDIT SCHOLARSHIP PROG