Georgia Lawyers for the Arts Inc (EIN 510141509) - 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

1975

Legal Domicile

Principal Officer

Meredith Ragains

Phone

4048733911

Tax Period

2024-07-01 to 2025-06-30

Georgia Lawyers for the Arts Inc, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $574K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $634K exceeded revenue, resulting in a 10% operating deficit.

Mission

To further creativity by protecting and advising Georgia's artists and inventors.

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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 (2024)

Revenue Breakdown

Contributions & Grants $406,002

Program Service Revenue $168,207

Investment Income $155

Other Revenue $0

TOTAL REVENUE $574,364

Expense Breakdown

Grants Paid $0

Salaries & Benefits $397,422

Fundraising Expenses $43,007

Program Expenses $515,803

Other Expenses $236,425

TOTAL EXPENSES $633,847

Year-over-Year Comparison

	2024	2023	Change
Revenue	$574,364	$613,779	-0.1%
Expenses	$633,847	$547,783	+0.2%
Net Income	$-59,483	$65,996	-1.9%

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

$205,417

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jane Woodruff Blunt Esq	President	1.00	Officer Director	$0	$0	$0
Amy Cheng	Director	1.00	Director	$0	$0	$0
John Livingstone	Secretary	1.00	Officer Director	$0	$0	$0
Jason Beach	Director	1.00	Director	$0	$0	$0
Sunny Altman	Director	1.00	Director	$0	$0	$0
Lohr Beck	Director	1.00	Director	$0	$0	$0
Ryan Harman	Director	1.00	Director	$0	$0	$0
Nathan Hartman	Director	1.00	Director	$0	$0	$0
Randall Fox	Director	1.00	Director	$0	$0	$0
Sarah Hawk	Director	1.00	Director	$0	$0	$0
Charley Brown	Director	1.00	Director	$0	$0	$0
Matt Howell	Director	1.00	Director	$0	$0	$0
Ted Eader	Director	1.00	Director	$0	$0	$0
Alana Kirkland	Treasurer	1.00	Officer Director	$0	$0	$0
Michael Hobbs	Director	1.00	Director	$0	$0	$0
Brian Johnson	Director	1.00	Director	$0	$0	$0
Martin Oberst	Director	1.00	Director	$0	$0	$0
Mandy Proctor	Director	1.00	Director	$0	$0	$0
Suzanne Williams	Director	1.00	Director	$0	$0	$0
Counsel McCullen	Director	1.00	Director	$0	$0	$0
Liz Wheeler	Director	1.00	Director	$0	$0	$0
David Kelly	Director	1.00	Director	$0	$0	$0
Valerie Sanders	Director	1.00	Director	$0	$0	$0
Taylor Wilson	Director	1.00	Director	$0	$0	$0
Meredith Ragains Esq	Executive Director	50.00	Officer	$205,417	$0	$205,417
Kelly L Bray	Staff Attorney	40.00	Highest	$145,417	$0	$145,417

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	$574,364	$633,847	$391,731	$-59,483
2024	No data	No data	No data	No data
2023	$517,427	$474,364	$763,340	$43,063
2022	$465,693	$424,053	$723,736	$41,640
2021	$531,353	$313,041	$784,151	$218,312
2020	$454,636	$328,798	$429,667	$125,838

Georgia Lawyers for the Arts Inc