SANDY SPRINGS FOUNDATION

EIN: 320736329 501(c)(3) Public & Societal Benefit

SANDY SPRINGS, GA

Total Revenue
$287,228
Total Expenses
$483,150
Total Assets
$77,162
Net Assets
$77,162
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
GA
Principal Officer
SHERWIN CLEMONS
Phone
7702061408
Tax Period
2024-07-01 to 2025-06-30

SANDY SPRINGS FOUNDATION, founded in 2023, is a small nonprofit in the Public & Societal Benefit sector that reported $287K in total revenue in fiscal year 2024. Revenue surged 294% from the prior year, signaling strong growth momentum. Expenses of $483K exceeded revenue, resulting in a 68% operating deficit.

Mission

THE FOUNDATION SEEKS TO ENRICH THE CULTURAL FABRIC OF THE CITY OF SANDY SPRINGS BY SUPPORTING CITY-WIDE EVENTS AND PROGRAMS THAT CELEBRATE CREATIVITY AND COMMUNITY SPIRIT.

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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 $287,228
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $287,228

Expense Breakdown

Grants Paid $466,897
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $468,156
Other Expenses $16,253
TOTAL EXPENSES $483,150

Year-over-Year Comparison

2024 2023 Change
Revenue $287,228 $72,875 +2.9%
Expenses $483,150 $8,990 +52.7%
Net Income $-195,922 $63,885 -4.1%
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
6
Independent Members
6
Employees
N/A
Volunteers
6

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM HAGGET MEMBER 1.00
Director
$0 $0 $0
RUSSELL PAUL MEMBER 1.00
Director
$0 $0 $0
CHRISTINE PROPST CHAIRPERSON 1.00
Officer Director
$0 $0 $0
SUSANNA ROHM SECRETARY 1.00
Officer Director
$0 $0 $0
SHERWIN CLEMONS TREASURER 1.00
Officer Director
$0 $0 $0
EDEN FREEMAN MEMBER 1.00
Director
$0 $0 $0
ELIZABETH FITE VICE CHAIRPE 1.00
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 $287,228 $483,150 $77,162 $-195,922
2024 $72,875 $8,990 $273,113 $63,885
2023 $215,400 $6,201 $214,714 $209,199
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