SOUTHERN REGIONAL TESTING AGENCY I… - Form 990 Financial Data

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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

RICHAEL COBLER

Phone

7852730380

Tax Period

2023-10-01 to 2024-09-30

SOUTHERN REGIONAL TESTING AGENCY INC, founded in 1975, is a small nonprofit that reported $671K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum.

Mission

THE SOUTHERN REGIONAL TESTING AGENCY IS A NONPROFIT CORPORATION COMMITTED TO BEING A LEADER AT THE NATIONAL LEVEL IN EXAMINATION DEVELOPMENT AND ADMINISTRATION BY : * PROVIDING UNIFORMLY ADMINISTERED EXAMINATIONS AND CONFIDENTIAL RESULTS THAT ARE CONSISTENTLY RELIABLE FOR USE BY LICENSING AUTHORITIES TO MAKE INITIAL LICENSURE DECISIONS. * PROVIDING PROTECTION TO THE GENERAL PUBLIC.* PROVIDING APPROPRIATE CARE TO BOARD PATIENTS IN THE EXAMINATION PROCESS. * PROVIDING THE MOST TECHNOLOGICALLY ADVANCED EXAMINATION FOR ITS MEMBER & PARTICIPATING STATES/TEST SITES. * PROVIDING EXAMINATIONS IN THE MOST CANDIDATE FRIENDLY ENVIRONMENT POSSIBLE, WHILE PRODUCING THE NEXT GENERATION OF OUR COLLEAGUES IN THE DENTAL AND DENTAL HYGIENE PROFESSIONS.

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDES MINIMAL COMPETENCY, CLINICAL PERFORMANCE AND JUDGEMENT EXAMINATIONS IN DENTISTRY AND DENTAL HYGIENE FOR THE STATES OF ALABAMA, ARKANSAS, SOUTH CAROLINA, TENNESSEE, TEXAS...

THE ORGANIZATION PROVIDES MINIMAL COMPETENCY, CLINICAL PERFORMANCE AND JUDGEMENT EXAMINATIONS IN DENTISTRY AND DENTAL HYGIENE FOR THE STATES OF ALABAMA, ARKANSAS, SOUTH CAROLINA, TENNESSEE, TEXAS, AND WEST VIRGINIA, AS APPLICABLE.

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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 $344,965

Investment Income $304,781

Other Revenue $20,932

TOTAL REVENUE $670,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $237,495

Fundraising Expenses $0

Other Expenses $470,802

TOTAL EXPENSES $708,297

Year-over-Year Comparison

	2023	2022	Change
Revenue	$670,678	$467,018	+0.4%
Expenses	$708,297	$602,101	+0.2%
Net Income	$-37,619	$-135,083	-0.7%

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

$88,122

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES WATKINS	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES HOLT JR	PRESIDENT	0.50	Officer Director	$0	$0	$0
ROBERT HALL	TREASURER	0.50	Officer Director	$0	$0	$0
JENNIFER LAMB	SECRETARY	4.00	Officer Director	$0	$0	$0
MURTUZA ANSARI	PRESIDENT ELECT	0.50	Officer Director	$0	$0	$0
JESSICA BUI	EXECUTIVE DIRECTOR	40.00	Officer	$88,122	$0	$88,122

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	$670,678	$708,297	$912,119	$-37,619
2023	$467,018	$602,101	$1,092,108	$-135,083
2022	$405,485	$716,977	$1,139,502	$-311,492
2022	$405,485	$716,977	$1,139,502	$-311,492
2021	$477,390	$658,185	$1,412,044	$-180,795
2020	$323,230	$674,893	$1,567,577	$-351,663
2019	$372,632	$583,786	$1,903,994	$-211,154
2018	$831,191	$961,604	$2,263,981	$-130,413

SOUTHERN REGIONAL TESTING AGENCY INC