501F USERS GROUP INC

EIN: 465725429 Community Improvement

ALPHARETTA, GA

Total Revenue
$322,858
Total Expenses
$292,517
Total Assets
$395,934
Net Assets
$395,934
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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
GA
Principal Officer
RICHARD PALMER
Phone
6785406220
Tax Period
2024-07-01 to 2025-06-30

501F USERS GROUP INC, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $323K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $293K left a modest 9% surplus.

Mission

HOLDS ANNUAL USER CONFERENCES AND MAINTAINS WEBSITE DEDICATED TO EDUCATING USERS ON BEST PRACTICES FOR RUNNING THE SEIMENS 501 SERIES OF GAS TURBINE SYSTEM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $322,800
Investment Income $58
Other Revenue $0
TOTAL REVENUE $322,858

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $280,979
Other Expenses $292,517
TOTAL EXPENSES $292,517

Year-over-Year Comparison

2024 2023 Change
Revenue $322,858 $287,529 +0.1%
Expenses $292,517 $405,544 -0.3%
Net Income $30,341 $-118,015 -1.3%
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

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Governance

Voting Members
6
Independent Members
6
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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN BERKSTRESSER CHAIR 002.00
Officer Director
$0 $0 $0
IVAN KUSH VICE CHAIR 002.00
Officer Director
$0 $0 $0
SHANE SHORT SECRETARY 002.00
Officer Director
$0 $0 $0
RICHARD PALMER TREASURER 005.00
Officer Director
$0 $0 $0
BLAINE GARTNER BOARD MEMBER 001.00
Director
$0 $0 $0
DAVE GUNDY BOARD MEMBER 001.00
Director
$0 $0 $0
ZACH WOOD BOARD MEMBER 001.00
Director
$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 $322,858 $292,517 $395,934 $30,341
2024 $287,529 $405,544 $365,593 $-118,015
2023 $246,966 $213,690 $483,608 $33,276
2022 $213,111 $179,687 $450,332 $33,424
2020 $287,138 $265,844 $425,690 $21,294
2019 $273,988 $248,406 $411,219 $25,582
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