ATLANTA CHAPTER OF CORENET GLOBAL INC (EIN 454707013) - 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

2012

Legal Domicile

Principal Officer

STEVE HART

Phone

4045146439

Tax Period

2023-04-01 to 2024-03-31

ATLANTA CHAPTER OF CORENET GLOBAL INC, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $247K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $319K exceeded revenue, resulting in a 29% operating deficit.

Mission

THE ATLANTA CHAPTER IS A TRADE ORGANIZATION FOCUSED ON EDUCATION AND PROVIDES A FORUM TO DISCUSS INDUSTRY ISSUES AND DEVELOP SOLUTIONS FOR CORPORATE REAL ESTATE PROFESSIONALS

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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 $246,902

Investment Income $93

Other Revenue $0

TOTAL REVENUE $246,995

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $318,549

TOTAL EXPENSES $318,549

Year-over-Year Comparison

	2023	2022	Change
Revenue	$246,995	$299,523	-0.2%
Expenses	$318,549	$335,864	-0.1%
Net Income	$-71,554	$-36,341	+1.0%

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

300

Independent Members

300

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
LYNLEE GARMON	EXECUTIVE DI	N/A	Officer	$0	$0	$0
STEVE HART	PRESIDENT EL	N/A	Officer	$0	$0	$0
SARA LIESE	VICE PRESIDE	N/A	Officer	$0	$0	$0
COREY NALAMPOON	VICE PRESIDE	N/A	Officer	$0	$0	$0
STEPHANIE SCURLOCK	PRESIDENT	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
2024	$246,995	$318,549	$377,600	$-71,554
2023	$299,523	$335,864	$451,767	$-36,341
2022	$202,974	$178,437	$492,088	$24,537
2021	$133,998	$133,800	$458,368	$198
2020	$334,962	$228,961	$457,913	$106,001
2019	$313,772	$281,365	$351,259	$32,407

ATLANTA CHAPTER OF CORENET GLOBAL INC