Gadsden State Cardinal Foundation (EIN 460730246) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

Bryan Dorsett

Tax Period

2023-07-01 to 2024-06-30

GADSDEN STATE CARDINAL FOUNDATION, founded in 2012, is a small nonprofit in the Education sector that reported $793K in total revenue in fiscal year 2020. Revenue surged 933% from the prior year, signaling strong growth momentum. The organization ran a surplus of $756K, a strong 95% operating margin.

Mission

To provide financial aid for students attending Gadsden State Community College

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $198,697

Program Service Revenue $0

Investment Income $28,230

Other Revenue $0

TOTAL REVENUE $226,927

Expense Breakdown

Grants Paid $128,526

Salaries & Benefits $0

Fundraising Expenses $15,820

Program Expenses $129,399

Other Expenses $44,584

TOTAL EXPENSES $173,110

Year-over-Year Comparison

	2023	2022	Change
Revenue	$226,927	$159,064	+0.4%
Expenses	$173,110	$191,477	-0.1%
Net Income	$53,817	$-32,413	-2.7%

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
Heather New	Director	4.00	Director	$0	$0	$0
Eric Ellis	Director	4.00	Director	$0	$0	$0
Trudy Lowe	Director	4.00	Director	$0	$0	$0
David Hooks	Director	4.00	Director	$0	$0	$0
Bess Yarbrough	Director	4.00	Director	$0	$0	$0
Davis Varner	Director	4.00	Director	$0	$0	$0
Jonathon Tang	Director	4.00	Director	$0	$0	$0
Ricky Ray	Director	4.00	Director	$0	$0	$0
Tim Burgess	Director	4.00	Director	$0	$0	$0
Lynn King	Director	4.00	Director	$0	$0	$0
Scott Shoffner	Director	4.00	Director	$0	$0	$0
Eric Crabtree	Vice-President	4.00	Officer	$0	$0	$0
Tommie Goggans III	President	8.00	Officer	$0	$0	$0
Gerri Langley	Secretary	4.00	Officer	$0	$0	$0
Bryan Dorsett	Treasurer	8.00	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
2025	No data	No data	No data	No data
2024	$226,927	$173,110	$1,395,998	$53,817
2023	$159,064	$191,477	$1,224,787	$-32,413
2022	$391,281	$127,553	$1,202,312	$263,728
2021	$793,352	$37,768	$1,117,236	$755,584

Gadsden State Cardinal Foundation