PARTNERSHIP FOR SOUTHERN EQUITY (EIN 274424115) - 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

2012

Legal Domicile

Principal Officer

NATHANIEL Q SMITH

Phone

6783837774

Tax Period

2024-01-01 to 2024-12-31

PARTNERSHIP FOR SOUTHERN EQUITY, founded in 2012, is a community nonprofit in the Religion sector that reported $6.8M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $11.7M exceeded revenue, resulting in a 73% operating deficit.

Mission

PARTNERSHIP FOR SOUTHERN EQUITY (PSE) PUSHES FOR POLICIES AND ACTIONS THAT PROMOTE EQUITY AND SHARED PROSPERITY IN METROPOLITAN ATLANTA. THROUGH FORUMS, RESEARCH, AND ORGANIZING EFFORTS, PSE BRINGS TOGETHER THE REGIONAL COMMUNITY TO LIFT

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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 $5,321,915

Program Service Revenue $936,934

Investment Income $35,690

Other Revenue $476,911

TOTAL REVENUE $6,771,450

Expense Breakdown

Grants Paid $2,182,500

Salaries & Benefits $4,297,206

Fundraising Expenses $0

Program Expenses $8,819,476

Other Expenses $5,237,420

TOTAL EXPENSES $11,717,126

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,771,450	$9,893,090	-0.3%
Expenses	$11,717,126	$11,332,542	+0.0%
Net Income	$-4,945,676	$-1,439,452	+2.4%

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

$483,501

Total Directors

$339,616

Key Employees

$310,540

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN GRAVEL	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTOPHER MARQUARDT	BOARD MEMBER	2.00	Director	$0	$0	$0
VICTORIA SEALS	BOARD MEMBER	2.00	Director	$0	$0	$0
SANDRA BARNHILL	BOARD MEMBER	2.00	Director	$0	$0	$0
MELANIE WINFIELD	BOARD MEMBER	2.00	Director	$0	$0	$0
ELIZABETH SWANN	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY CHEN	BOARD MEMBER	2.00	Director	$0	$0	$0
DONALD PHOENIX	TREASURER	2.00	Director	$0	$0	$0
JAMI BUCK-VANCE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CHRISTOPHER BURKE	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
NATHANIEL SMITH	CHIEF EQUITY OFFICER/EXECUTIVE DIRECTOR	40.00	Officer Director	$339,616	$0	$339,616
KWAKU GEORGE	PAST TREASURER/CURRENT CONSULTANT	40.00	Officer	$143,885	$0	$143,885
JOEL ALVARADO	STRATEGY & ENGAGMENT VICE PRESIDENT	40.00	Key Emp	$148,200	$7,290	$155,490
JOHN B HAMMOND	IMPACT VICE PRESIDENT	40.00	Key Emp	$147,785	$7,265	$155,050
MARQUESE K AVERETT	PROGRAM DIRECTOR	40.00	Highest	$109,435	$5,452	$114,887
SUZANNE BURNES	PROGRAM DIRECTOR	40.00	Highest	$104,940	$0	$104,940
JESSICA E DANIELS	PROGRAM DIRECTOR	40.00	Highest	$104,940	$4,126	$109,066
LAVONYA L JONES	PROGRAM DIRECTOR	40.00	Highest	$105,099	$0	$105,099
KAZIEM WOODBURY	PROGRAM DIRECTOR	40.00	Highest	$104,088	$5,114	$109,202

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	$6,771,450	$11,717,126	$23,100,622	$-4,945,676
2023	$9,893,090	$11,332,542	$28,062,345	$-1,439,452
2022	$16,032,112	$8,456,331	$21,164,208	$7,575,781
2021	$13,586,243	$4,856,762	$12,175,489	$8,729,481
2020	$6,341,671	$2,883,864	$5,169,680	$3,457,807
2019	$2,341,388	$2,640,123	$1,643,407	$-298,735
2018	$2,278,974	$1,728,501	$1,786,848	$550,473

PARTNERSHIP FOR SOUTHERN EQUITY