Southern Five Development Corp (EIN 371314754) - 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

1976

Legal Domicile

Principal Officer

Tiffany George

Phone

6186342284

Tax Period

2023-01-01 to 2023-12-31

Southern Five Development Corp, founded in 1976, is a small nonprofit that reported $136K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $104K, a strong 77% operating margin.

Mission

TO PROVIDE BUSINESS AND FINANCIAL ASSISTANCE TO BOTH NEW AND EXPANDING BUSINESSES TO HELP FURTHER PROMOTE ENONOMIC GROWTH AND THE CREATION OF JOBS.

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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 $103,095

Program Service Revenue $31,311

Investment Income $1,238

Other Revenue $0

TOTAL REVENUE $135,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $31,171

TOTAL EXPENSES $31,171

Year-over-Year Comparison

	2023	2022	Change
Revenue	$135,644	$198,816	-0.3%
Expenses	$31,171	$42,752	-0.3%
Net Income	$104,473	$156,064	-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

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
Patrick Brumleve	Chairman	0.00	Officer Director	$0	$0	$0
Alan Racey	1st Vice-Chairman	0.00	Officer Director	$0	$0	$0
Darryl Harvell	2nd Vice-Chairman	0.00	Officer Director	$0	$0	$0
Sue Sandusky	Secretary	0.00	Officer Director	$0	$0	$0
Rita Flummer	Treasurer	0.00	Officer Director	$0	$0	$0
Carol Dials	Officer at Large	0.00	Director	$0	$0	$0
Annie Hubbard	Member	0.00	Director	$0	$0	$0
Steve Essex	Member	0.00	Director	$0	$0	$0
Patricia Kalicki	Member	0.00	Director	$0	$0	$0
Tiffany George	Executive Director	40.00	Officer Key Emp	$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
2024	No data	No data	No data	No data
2023	$135,644	$31,171	$1,379,131	$104,473
2022	$198,816	$42,752	$1,168,996	$156,064
2021	$504,346	$66,267	$982,908	$438,079
2020	$47,001	$156,729	$553,052	$-109,728
2019	$85,600	$25,833	$521,587	$59,767
2018	$21,694	$18,386	$470,424	$3,308

Southern Five Development Corp