SOUTHERN LIGHT RAIL INC

EIN: 300240711 501(c)(3) Medical Research

ATLANTA, GA

Total Revenue
$3,447,283
Total Expenses
$3,393,315
Total Assets
$5,446,186
Net Assets
$4,914,797
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
GA
Principal Officer
SAMUEL C D'ANGELO
Phone
4048941356
Tax Period
2023-07-01 to 2024-06-30

SOUTHERN LIGHT RAIL INC, founded in 2004, is a community nonprofit in the Medical Research sector that reported $3.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES AS AN AFFILIATE OF THE GEORGIA INSTITUTE OF TECHNOLOGY SOUTHERN LIGHT RAIL INC (DBA SOUTHERN CROSSROADS OR SOX) IS TO FACILITATE ACCESS TO CURRENT AND FUTURE HIGHLY INTEGRATED, DIGITAL COMMUNICATION SERVICES FOR EDUCATION, RESEARCH AND ECONOMIC DEVELOPMENT WITHIN THE SOUTHEAST REGION, ACROSS THE UNITED STATES AND ABROAD. THE ORGANIZATION PROVIDES THE EDUCATION AND RESEARCH COMMUNITY WITH CONNECTIVITY SERVICES TO VARIOUS NETWORKS INCLUDING THE INTERNET2 NETWORK AND THE ENERGY SCIENCES NETWORK. THE ORGANIZATION ALSO OFFERS COMMODITY INTERNET ACCESS AND NETWORK MONITORING, ENGINEERING AND TECHNICAL SUPPORT SERVICES TO PARTICIPANTS OF THE ORGANIZATION.

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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 $1,576,048
Program Service Revenue $1,694,520
Investment Income $176,715
Other Revenue $0
TOTAL REVENUE $3,447,283

Expense Breakdown

Grants Paid $0
Salaries & Benefits $549,696
Fundraising Expenses $0
Program Expenses $3,018,732
Other Expenses $2,843,619
TOTAL EXPENSES $3,393,315

Year-over-Year Comparison

2023 2022 Change
Revenue $3,447,283 $3,034,607 +0.1%
Expenses $3,393,315 $2,961,505 +0.1%
Net Income $53,968 $73,102 -0.3%
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
7
Independent Members
4
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
7
$1,117,164
Total Directors
8
$1,341,094
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAOUKI ABDALLAH DIRECT/CHAIR 1.00
Director
$0 $94,515 $535,710
DAREN HUBBARD FMR DIRECTOR 1.00
Director
$0 $31,483 $428,700
JAMES G FORTNER FORMER TREAS 0.00
$0 $82,757 $386,405
ROBERT BUTERA DIRECTOR 1.00
Director
$0 $62,856 $376,684
NEIL VITRO TREASURER 1.00
Officer
$0 $58,570 $227,298
SAMUEL C D'ANGELO PRESIDENT 40.00
Officer
$0 $10,862 $199,914
CYNTHIA MARTIN ASSISTANT TR 1.00
Officer
$0 $46,623 $188,574
TANESHA STEWARD SECRETARY 1.00
Officer
$0 $47,591 $188,298
JOY WEST ASSISTANT TR 1.00
Officer
$0 $31,168 $133,231
CORTRELLA GREER FMR ASST SEC 1.00
Officer
$0 $26,656 $96,297
MELANIE PAULINA ASSISTANT SE 1.00
Officer
$0 $22,032 $83,552
RICHARD A ALO DIRECTOR 1.00
Director
$0 $0 $0
FRANK CLARK DIRECTOR 1.00
Director
$0 $0 $0
CHRISTIAN CUMMINGS CHAIRMAN 1.00
Director
$0 $0 $0
LEO HOWELL DIRECTOR 1.00
Director
$0 $0 $0
KELLY ROBINSON DIRECTOR 1.00
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 No data No data No data No data
2024 $3,447,283 $3,393,315 $5,446,186 $53,968
2023 $3,034,607 $2,961,505 $5,012,073 $73,102
2022 $2,986,549 $2,926,662 $5,040,316 $59,887
2022 $2,986,549 $2,926,662 $5,040,316 $59,887
2021 $3,182,249 $2,913,837 $4,849,104 $268,412
2020 $3,058,215 $3,021,136 $4,583,696 $37,079
2019 $2,705,342 $2,616,762 $4,604,911 $88,580
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