ECONOMIC OPPORTUNITY FOR SAVANNAH- CHATHAM COUNTY AREA INC

EIN: 580952632 501(c)(3)

SAVANNAH, GA

Total Revenue
$12,320,161
Total Expenses
$12,268,340
Total Assets
$8,547,003
Net Assets
$6,351,004
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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

Legal Domicile
GA
Principal Officer
MR TERRY TOLBERT
Phone
9122382960
Tax Period
2023-10-01 to 2024-09-30

ECONOMIC OPPORTUNITY FOR SAVANNAH- CHATHAM COUNTY AREA INC is a mid-sized nonprofit that reported $12.3M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

TO PROVIDE COMMUNITY-BASED SERVICES WHICH EMPOWER CITIZENS TO ATTAIN ECONOMIC INDEPENDENCE AND A HIGHER QUALITY OF LIFE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,252,285
Program Service Revenue $62,586
Investment Income $259
Other Revenue $5,031
TOTAL REVENUE $12,320,161

Expense Breakdown

Grants Paid $2,558,512
Salaries & Benefits $6,713,074
Fundraising Expenses $0
Program Expenses $11,200,904
Other Expenses $2,996,754
TOTAL EXPENSES $12,268,340

Year-over-Year Comparison

2023 2022 Change
Revenue $12,320,161 $13,655,066 -0.1%
Expenses $12,268,340 $13,486,475 -0.1%
Net Income $51,821 $168,591 -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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Governance

Voting Members
10
Independent Members
10
Employees
144
Volunteers
177

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
5
$143,936
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MR TERRY TOLBERT EXECUTIVE DI 40.00
Officer
$122,843 $21,093 $143,936
KAREN BOGANS CHAIR 2.00
Officer Director
$0 $0 $0
MS TANYA CHISHOLM DIRECTOR 2.00
Director
$0 $0 $0
MS CHARITA DOWNING DIRECTOR 1.00
Director
$0 $0 $0
MR HENRY L PERRY II DIRECTOR 1.00
Director
$0 $0 $0
MS PATRICIA JENKINS-SPADY SECRETARY 2.00
Officer Director
$0 $0 $0
MR GARY MONROE DIRECTOR 1.00
Director
$0 $0 $0
MS WENDY A OWENS VICE-CHAIR 2.00
Officer Director
$0 $0 $0
MS ABDA QUILLIAN DIRECTOR 1.00
Director
$0 $0 $0
MR ADAM SOLENDER TREASURER 2.00
Officer Director
$0 $0 $0
DR TAMIKA WRIGHT DIRECTOR 2.00
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 No data No data No data No data
2024 $12,320,161 $12,268,340 $8,547,003 $51,821
2023 $13,655,066 $13,486,475 $9,873,464 $168,591
2022 $14,850,530 $14,915,679 $8,523,279 $-65,149
2021 $12,341,334 $12,571,851 $8,482,338 $-230,517
2020 $12,260,442 $11,938,075 $9,584,144 $322,367
2019 $12,059,913 $11,907,478 $9,259,903 $152,435
2018 $10,811,463 $11,005,692 $8,472,491 $-194,229
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