SOGA SUPPORT ORGANIZATION INC

EIN: 371839766 501(c)(3)

NORCROSS, GA

Total Revenue
$289,539
Total Expenses
$357,897
Total Assets
$6,457,164
Net Assets
$-542,836
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
GA
Principal Officer
GEORGIA MILTON-SHEATS
Phone
7704149390
Tax Period
2023-01-01 to 2023-12-31

SOGA SUPPORT ORGANIZATION INC, founded in 2016, is a small nonprofit that reported $290K in total revenue in fiscal year 2023. Expenses of $358K exceeded revenue, resulting in a 24% operating deficit.

Mission

SOGA SUPPORT ORGANIZATION, INC. ("SOGA II") IS A GEORGIA NOT-FOR-PROFIT CORPORATION ORGANIZED AS A SUPPORTING ORGANIZATION TO SOGA TO PROVIDE REAL ESTATE, RENOVATIONS, AND EQUIPMENT FOR A NEW "TRAINING FOR LIFE: SPORTS LAB AND CENTER." THE NEW FACILITY IS UNIQUELY DESIGNED TO PROVIDE A FULLY-EQUIPPED SPORTS LAB AND A GYMNASIUM TO OFFER ON-SITE TRAINING FOR ATHLETES, AS WELL AS THE ADMINISTRATIVE SPACE AND SUPPORT NEEDED FOR SOGA'S EXPANDING NETWORK OF VOLUNTEERS AND STAFF. SOGA II QUALIFED AS AN ELIGIBLE QUALIFIED ACTIVE LOW INCOME COMMUNITY BUSINESS ("QALICB") FOR PURPOSES OF RECEIVING NEW MARKETS TAX CREDIT FINANCING FOR THE CONSTRUCTION OF THE NEW FACILITY. THE FACILITY WAS COMPLETED DURING THE YEAR ENDED DECEMBER 31, 2017.

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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 $0
Program Service Revenue $289,533
Investment Income $6
Other Revenue $0
TOTAL REVENUE $289,539

Expense Breakdown

Grants Paid $55,289
Salaries & Benefits $0
Fundraising Expenses $29,310
Program Expenses $288,096
Other Expenses $302,608
TOTAL EXPENSES $357,897

Year-over-Year Comparison

2023 2022 Change
Revenue $289,539 $289,557 0.0%
Expenses $357,897 $371,175 0.0%
Net Income $-68,358 $-81,618 -0.2%
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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Governance

Voting Members
6
Independent Members
4
Employees
N/A
Volunteers
3

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
2
$453,441
Total Directors
5
$453,441
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MS GEORGIA MILTON-SHEATS CHAIR 2.00
Officer Director
$0 $14,083 $341,937
MR MITCHELL BRANNEN DIRECTOR 1.00
Director
$0 $0 $0
MR HOWARD WORKMAN DIRECTOR 1.00
Director
$0 $0 $0
MR JIM O'DONNELL DIRECTOR 1.00
Director
$0 $0 $0
ROBERT YOST DIRECTOR 1.00
Officer Director
$0 $11,115 $111,504
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 $289,539 $357,897 $6,457,164 $-68,358
2022 $289,557 $371,175 $6,525,522 $-81,618
2021 $289,581 $373,076 $6,607,140 $-83,495
2020 $289,705 $373,077 $6,690,635 $-83,372
2019 $289,925 $397,306 $6,774,007 $-107,381
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