SOUTHERN FINANCE ASSOCIATION (EIN 521236267) - 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

1960

Legal Domicile

Phone

2564536026

Tax Period

2023-01-01 to 2023-12-31

SOUTHERN FINANCE ASSOCIATION, founded in 1960, is a small nonprofit in the Public & Societal Benefit sector that reported $139K in total revenue in fiscal year 2020. Revenue fell 27% from the prior year — a significant decline worth monitoring. Net assets of $1.1M represent 97 months of operating reserves.

Mission

The Southern Finance Association is an academic association that promotes education and research in the field of Finance through an annual meeting of the membership to present original academic research papers and through the publication of the Journal of Financial Research four times per year.

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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 $3,500

Program Service Revenue $95,906

Investment Income $43,060

Other Revenue $54,262

TOTAL REVENUE $196,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,924

Fundraising Expenses $0

Program Expenses $287,206

Other Expenses $287,206

TOTAL EXPENSES $344,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$196,728	$154,330	+0.3%
Expenses	$344,130	$175,397	+1.0%
Net Income	$-147,402	$-21,067	+6.0%

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

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

$56,924

Total Directors

Key Employees

$33,816

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ronnie Clayton	Executive Director	10.00	Officer Key Emp Highest	$33,816	$0	$33,816
Walter Reinhart	VP for Finance	5.00	Officer	$22,544	$0	$22,544
Bill Schmidt	VP for Administration	1.00	Officer	$0	$0	$0
Tina Yang	President	5.00	Officer	$0	$0	$0
Melissa Woodley	VP for Operations	1.00	Officer	$0	$0	$0
Kristina Minnick	VP for Operations	1.00	Officer	$0	$0	$0
Honghui Chen	Director	0.00	Officer	$0	$0	$0
Kathleen Fuller	Secretary	1.00	Officer	$564	$0	$564
Michael Highfield	Director	0.00	Officer	$0	$0	$0
Tina Yang	VP for Program	5.00	Officer	$0	$0	$0
Adam Yore	Director	0.00	Officer	$0	$0	$0
Ryan Davis	Director	0.00	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
2024	No data	No data	No data	No data
2023	$196,728	$344,130	$1,158,300	$-147,402
2022	$154,330	$175,397	$1,076,096	$-21,067
2021	$150,822	$179,659	$1,365,946	$-28,837
2020	$139,412	$153,168	$1,130,493	$-13,756

SOUTHERN FINANCE ASSOCIATION