COBB MEMORIAL FOUNDATION INC (EIN 465502814) - 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

2014

Legal Domicile

Phone

7062457272

Tax Period

2023-01-01 to 2023-12-31

COBB MEMORIAL FOUNDATION INC, founded in 2014, is a small nonprofit in the Health Care sector that reported $596K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 146% operating deficit.

Mission

COBB MEMORIAL FOUNDATION INC. WAS FORMED TO PROVIDE INVESTMENT AND FUNDRAISING SUPPORT TO, AND TO ESTABLISH AN ENDOWMENT FOR COMMUNITY SERVICES GROUP, INC. (FORMERLY TY COBB HEALTHCARE SYSTEM, INC.) A SECTION 501(C)(3) ORGANIZATION.

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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 $0

Investment Income $563,107

Other Revenue $32,806

TOTAL REVENUE $595,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,464,034

TOTAL EXPENSES $1,464,034

Year-over-Year Comparison

	2023	2022	Change
Revenue	$595,913	$405,897	+0.5%
Expenses	$1,464,034	$1,048,845	+0.4%
Net Income	$-868,121	$-642,948	+0.4%

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
FORT OGLESBY	Chairman	0.50	Officer Director	$0	$0	$0
DEBORAH HARBIN	BOARD MEMBER	0.50	Director	$0	$0	$0
HARRIS LITTLE	Secretary	0.50	Officer Director	$0	$0	$0
F MAYES DAVISON	BOARD MEMBER	0.50	Director	$0	$0	$0
SCOTT HARDIGREE	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
DON JOHNSON	BOARD MEMBER	0.50	Director	$0	$0	$0
GREGORY HEARN	CEO	39.00	Officer	$0	$0	$0
MATT R MCREE	CFO	39.50	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	No data	No data	No data	No data
2023	$595,913	$1,464,034	$28,449,570	$-868,121
2022	$405,897	$1,048,845	$24,213,169	$-642,948
2021	$1,058,278	$885,871	$31,926,560	$172,407
2020	$634,318	$663,922	$28,060,807	$-29,604
2019	$720,726	$877,731	$25,991,277	$-157,005
2018	$1,228,564	$1,235,620	$22,026,083	$-7,056

COBB MEMORIAL FOUNDATION INC