ONE SUMTER ECONOMIC DEVELOPMENT FOUNDATION INC (EIN 471453325) - 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

2015

Legal Domicile

Principal Officer

ALEX SARATSIOTIS

Phone

2299243042

Tax Period

2023-01-01 to 2023-12-31

ONE SUMTER ECONOMIC DEVELOPMENT FOUNDATION INC, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $7.6M in total revenue in fiscal year 2023. Revenue surged 2419% from the prior year, signaling strong growth momentum.

Mission

ENHANCEMENT AND PROMOTION OF ECONOMIC DEVELOPMENT, WORKFORCE DEVELOPMENT, MARKETING AND COMMUNICATIONS, AND TRANSPORTATION EFFORTS IN SUMTER COUNTY, GEORGIA

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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 $63,055

Program Service Revenue $0

Investment Income $1,058

Other Revenue $7,546,378

TOTAL REVENUE $7,610,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,283

Fundraising Expenses $0

Program Expenses $510,546

Other Expenses $7,952,198

TOTAL EXPENSES $8,099,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,610,491	$302,138	+24.2%
Expenses	$8,099,481	$199,054	+39.7%
Net Income	$-488,990	$103,084	-5.7%

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

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
MARY BETH BROWNLEE	SECRETARY	5.00	Officer Director	$0	$0	$0
BILL HARRIS JR	TREASURER	5.00	Officer Director	$0	$0	$0
DR ALEX RICCARDI	BOARD MEMBER	5.00	Director	$0	$0	$0
ALEX SARATSIOTIS	CHAIRMAN	5.00	Officer Director	$0	$0	$0
RENE SMITH	BOARD MEMBER	5.00	Director	$0	$0	$0
LEWIS WEBB	VICE CHAIR	5.00	Officer 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
2024	No data	No data	No data	No data
2023	$7,610,491	$8,099,481	$757,308	$-488,990
2022	$1,060,926	$341,272	$1,201,298	$719,654
2021	$302,138	$199,054	$1,431,494	$103,084
2020	$336,762	$354,553	$1,390,452	$-17,791
2019	$462,720	$333,355	$1,527,517	$129,365
2018	$1,376,440	$411,166	$1,278,911	$965,274
2017	$419,855	$581,882	$311,590	$-162,027

ONE SUMTER ECONOMIC DEVELOPMENT FOUNDATION INC