GEORGIA INDEPENDENT COLLEGE ASSOCIATION INC (EIN 580684740) - 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

1956

Legal Domicile

Principal Officer

JENNA COLVIN

Phone

4042335433

Tax Period

2023-01-01 to 2023-12-31

GEORGIA INDEPENDENT COLLEGE ASSOCIATION INC, founded in 1956, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $1.9M left a modest 9% surplus.

Mission

TO RAISE AWARENESS OF GEORGIA'S PRIVATE, LIBERAL ARTS COLLEGES AND UNIVERSITIES; TO INFLUENCE PUBLIC POLICY IN SUPPORT OF HIGHER EDUCATION IN GEORGIA; TO SECURE FUNDS AND OTHER GIFTS FOR THE BENEFIT OF THE MEMBER INSTITUTIONS AND THEIR STUDENTS; TO PROMOTE THE MEMBER INSTITUTIONS AS DISTINCT ALTERNATIVES IN HIGHER EDUCATION.

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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 $1,069,455

Program Service Revenue $211,930

Investment Income $768,257

Other Revenue $0

TOTAL REVENUE $2,049,642

Expense Breakdown

Grants Paid $732,026

Salaries & Benefits $636,604

Fundraising Expenses $20,713

Program Expenses $1,578,806

Other Expenses $489,866

TOTAL EXPENSES $1,858,496

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,049,642	$2,521,058	-0.2%
Expenses	$1,858,496	$1,771,287	+0.0%
Net Income	$191,146	$749,771	-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

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

$422,792

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH H SHURBUTT	TREASURER	1.00	Officer Director	$0	$0	$0
LINDA BUCHANAN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN COLEMAN	AT LARGE	1.00	Director	$0	$0	$0
DEAN COLLINS	TRUSTEE	1.00	Director	$0	$0	$0
ANNE SKELDER	TRUSTEE	1.00	Director	$0	$0	$0
JIMMY FLEMING	TRUSTEE	1.00	Director	$0	$0	$0
CHARLIE HARMAN	TRUSTEE	1.00	Director	$0	$0	$0
NANCY JUNEAU	AT LARGE	1.00	Director	$0	$0	$0
DREW VAN HORN	CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM D UNDERWOOD	TRUSTEE	1.00	Director	$0	$0	$0
LEOCADIA I ZAK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEPHEN R BRIGGS	AT LARGE	1.00	Director	$0	$0	$0
STEVE ECHOLS	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE FRENCH	AT LARGE	1.00	Director	$0	$0	$0
J DEREK HALVORSON	TRUSTEE	1.00	Director	$0	$0	$0
RONALD G WHITE	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY FENVES	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD MOSBY	TRUSTEE	1.00	Director	$0	$0	$0
ANTONIO MOLINA	AT LARGE	1.00	Director	$0	$0	$0
SUSANNA BAXTER	TRUSTEE	1.00	Director	$0	$0	$0
ROB SCOTT	TRUSTEE	1.00	Director	$0	$0	$0
DAVID THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
NICHOLAS LADANY	AT LARGE	1.00	Director	$0	$0	$0
JAMES F MELLICHAMP	TRUSTEE	1.00	Director	$0	$0	$0
MARK ROBERTS	AT LARGE	1.00	Director	$0	$0	$0
DONALD DOWLESS	TRUSTEE	1.00	Director	$0	$0	$0
ANDY SHEPPARD	AT LARGE	1.00	Director	$0	$0	$0
ROBERT MYERS	TRUSTEE	1.00	Director	$0	$0	$0
EMIR CANER	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN TANNER	AT LARGE	1.00	Director	$0	$0	$0
BHARATH PARTHASARATHY	TRUSTEE	1.00	Director	$0	$0	$0
HELENE GAYLE	TRUSTEE	1.00	Director	$0	$0	$0
MEAGHAN BLIGHT	TRUSTEE	1.00	Director	$0	$0	$0
JENNA COLVIN	PRESIDENT	40.00	Officer	$225,488	$47,859	$273,347
LISA MACKE	VICE PRESIDENT	40.00	Officer	$101,207	$48,238	$149,445

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	$2,049,642	$1,858,496	$18,845,633	$191,146
2022	$2,521,058	$1,771,287	$17,834,466	$749,771
2021	$3,001,515	$1,691,762	$19,581,572	$1,309,753
2020	$2,371,071	$1,667,685	$17,862,193	$703,386
2019	$2,765,853	$1,851,510	$16,802,861	$914,343
2018	$2,578,924	$1,840,124	$13,933,968	$738,800

GEORGIA INDEPENDENT COLLEGE ASSOCIATION INC