Southside Outreach Group Inc

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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

2005

Legal Domicile

Principal Officer

Earl Howerton

Phone

4345729556

Tax Period

2023-01-01 to 2023-12-31

Southside Outreach Group Inc, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $664K, a strong 41% operating margin.

Mission

Economic Development

Program Service Accomplishments

Program 1

Expenses: $800,473 Revenue: $963,072

To assist low-income persons in obtaining housing, jobs, and businesses. This is done by promoting awareness of human needs in the community, providing adequate housing, and by providing technical...

To assist low-income persons in obtaining housing, jobs, and businesses. This is done by promoting awareness of human needs in the community, providing adequate housing, and by providing technical support.

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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 $669,531

Program Service Revenue $963,072

Investment Income $2,386

Other Revenue $0

TOTAL REVENUE $1,634,989

Expense Breakdown

Grants Paid $0

Salaries & Benefits $287,933

Fundraising Expenses $0

Program Expenses $800,473

Other Expenses $683,082

TOTAL EXPENSES $971,015

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,634,989	$1,436,519	+0.1%
Expenses	$971,015	$1,030,752	-0.1%
Net Income	$663,974	$405,767	+0.6%

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

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

$114,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wayne Tucker	President	3.00	Officer Director	$0	$0	$0
Chris Ward	Treasurer	3.00	Officer Director	$0	$0	$0
Detra Carr	Secretary	3.00	Officer Director	$0	$0	$0
Lucinda Williams	Vice President	3.00	Officer Director	$0	$0	$0
Judy Howerton	Chaplain	3.00	Director	$0	$0	$0
Nannie Jones	Sergeant-At-Arms	3.00	Director	$0	$0	$0
Earl Howerton	Executive Director	40.00	Officer	$62,024	$0	$62,024
Earlene Powell	Finance Director	40.00	Officer	$52,476	$0	$52,476
Solomon Perkins	Board Member	3.00	Director	$0	$0	$0
Shirley Owen Coleman	Board Member	3.00	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
2024	No data	No data	No data	No data
2023	$1,634,989	$971,015	$3,775,028	$663,974
2022	$1,436,519	$1,030,752	$3,110,760	$405,767
2021	$1,458,646	$1,083,849	$3,092,581	$374,797
2020	$1,499,160	$1,107,820	$2,707,967	$391,340
2019	$1,553,005	$1,478,719	$2,170,582	$74,286
2018	$1,328,278	$1,259,704	$2,101,356	$68,574