Georgia Cooperative Services for the Blind Inc (EIN 580610067) - 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

1944

Legal Domicile

Principal Officer

Frank Virgin

Tax Period

2024-07-01 to 2025-06-30

Georgia Cooperative Services for the Blind Inc, founded in 1944, is a community nonprofit in the Diseases & Disorders sector that reported $6.3M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Net assets of $22.6M represent 43 months of operating reserves.

Mission

Providing employment opportunities to visually impaired individuals.

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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 $431,131

Program Service Revenue $5,183,591

Investment Income $651,131

Other Revenue $56,221

TOTAL REVENUE $6,322,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,003,348

Fundraising Expenses $0

Program Expenses $6,152,664

Other Expenses $1,293,488

TOTAL EXPENSES $6,621,412

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,322,074	$8,402,576	-0.2%
Expenses	$6,621,412	$7,589,982	-0.1%
Net Income	$-299,338	$812,594	-1.4%

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

113

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
Jerry Bensman	Executive Director	40.00		$110,135	$0	$110,135
Frank Virgin	Vice President	0.00	Officer Director	$0	$0	$0
Alan Morris	Director	0.00	Director	$0	$0	$0
Norman B Dupre	President	0.00	Officer Director	$0	$0	$0
Daronne Paterson	Director	0.00	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
2025	$6,322,074	$6,621,412	$22,576,515	$-299,338
2024	$8,402,576	$7,578,952	$51,183,540	$823,624
2023	$8,346,026	$7,384,936	$34,528,565	$961,090
2023	$8,317,278	$7,264,100	$34,084,229	$1,053,178
2022	$9,142,044	$7,077,016	$28,494,094	$2,065,028
2021	$7,958,677	$6,248,272	$34,646,171	$1,710,405
2020	$9,444,555	$8,194,440	$26,173,775	$1,250,115
2019	$9,283,572	$8,228,429	$21,370,802	$1,055,143

Georgia Cooperative Services for the Blind Inc