Georgia Environmental Loan Acquisition Corporation GELAC (EIN 300637732) - 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

HUNTER HILL

Phone

4045841139

Tax Period

2023-07-01 to 2024-06-30

Georgia Environmental Loan Acquisition Corporation GELAC, founded in 2010, is a community nonprofit in the Public & Societal Benefit sector that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.5M, a strong 100% operating margin.

Mission

The most significant activities for the current year inlude servicing taxexempt loans acquired during its initial years of operations

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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 $0

Program Service Revenue $428,002

Investment Income $4,100,990

Other Revenue $11,845

TOTAL REVENUE $4,540,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,235

Other Expenses $16,236

TOTAL EXPENSES $16,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,540,837	$3,089,755	+0.5%
Expenses	$16,236	$36,567	-0.6%
Net Income	$4,524,601	$3,053,188	+0.5%

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

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
HUNTER HILL	President	N/A	Officer	$0	$0	$0
JAMMIE HARDEN	VPSecretaryTreasurer	N/A	Officer	$0	$0	$0
LONICE BARRETT	Board Chairman	N/A	Officer	$0	$0	$0
JOSHUA BELINFANTE	Board Member	N/A	Officer	$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	$4,540,837	$16,236	$90,568,964	$4,524,601
2023	$3,089,755	$36,567	$86,055,536	$3,053,188
2022	$974,941	$21,112	$82,991,139	$953,829
2021	$864,023	$31,905	$82,036,345	$832,118

Georgia Environmental Loan Acquisition Corporation GELAC