SOUTHGATE PROPERTIES (EIN 383163460) - 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

1994

Legal Domicile

Principal Officer

LAURA HUOT

Phone

7347857700

Tax Period

2023-10-01 to 2024-09-30

SOUTHGATE PROPERTIES, founded in 1994, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. The organization ran a surplus of $634K, a strong 23% operating margin.

Mission

TO PROVIDE FACILITIES AND BUILDING SERVICES TO RELATED TAX-EXEMPT ORGANIZATIONS.

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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 $2,624,546

Investment Income $113,869

Other Revenue $0

TOTAL REVENUE $2,738,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $393,944

Fundraising Expenses $0

Program Expenses $1,973,478

Other Expenses $1,709,994

TOTAL EXPENSES $2,103,938

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,738,415	$2,604,981	+0.1%
Expenses	$2,103,938	$1,937,265	+0.1%
Net Income	$634,477	$667,716	0.0%

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

$1,076,166

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD MORAN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JERRY GRIFFITH	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JOE HOSHAW	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN HARWOOD	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS KUZMIAK	DIRECTOR	1.00	Director	$0	$0	$0
JOAN HENNESSEY	DIRECTOR	1.00	Director	$0	$0	$0
KARI D WALKER	CEO/PRESIDENT	5.00	Officer	$0	$51,358	$408,233
GARY GUETSCHOW	CHIEF FINANCIAL OFFICER	5.00	Officer	$0	$24,655	$249,358
LAURA HUOT	CHIEF OPERATING OFFICER (THRU 09/24)	5.00	Officer	$0	$51,894	$290,753
JILL BLACKSON	CHIEF OPERATING OFFICER (BEG. 09/24)	5.00	Officer	$0	$0	$0
PASQUALE VIGNOLA	CHIEF STRATEGY OFFICER (BEG. 04/24)	5.00	Officer	$0	$17,076	$127,822

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	$2,738,415	$2,103,938	$16,606,083	$634,477
2023	$2,604,981	$1,937,265	$15,871,963	$667,716
2022	$2,456,932	$1,658,549	$13,754,386	$798,383
2021	$2,254,169	$1,428,715	$13,912,546	$825,454
2020	$2,285,876	$1,439,416	$14,811,570	$846,460
2019	$2,309,937	$1,477,902	$14,763,749	$832,035
2018	$2,298,934	$1,834,565	$14,514,353	$464,369

SOUTHGATE PROPERTIES