FEDERATION OF SOUTHERN COOPERATIVES (EIN 581026695) - 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

1967

Legal Domicile

Principal Officer

CORNELIUS BLANDING

Phone

4047650991

Tax Period

2023-09-01 to 2024-08-31

FEDERATION OF SOUTHERN COOPERATIVES, founded in 1967, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $7.5M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 16% operating margin.

Mission

DEVELOPMENT OF SELF SUPPORTING COMMUNITIES THROUGH COOPERATIVE DEVELOPMENT, LAND RETENTION, AND OTHER INITIATIVES THAT INCREASE INCOME.

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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 $6,582,532

Program Service Revenue $899,246

Investment Income $45,928

Other Revenue $0

TOTAL REVENUE $7,527,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,583,870

Fundraising Expenses $0

Other Expenses $3,745,167

TOTAL EXPENSES $6,329,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,527,706	$5,075,114	+0.5%
Expenses	$6,329,037	$2,902,439	+1.2%
Net Income	$1,198,669	$2,172,675	-0.4%

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

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

$100,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND OLDS	BOARD MEMBER	1	Director	$0	$0	$0
HELEN FIELDS	BOARD MEMBER	1	Director	$0	$0	$0
CARRIE FULGHUM	BOARD TREASURER	1	Officer Director	$0	$0	$0
SATINA JAMES	BOARD SECRETARY	1	Officer Director	$0	$0	$0
DANIEL BUSTAMANTE	BOARD VICE PRESIDENT	1	Officer Director	$0	$0	$0
SHIRLEY BLAKLEY	BOARD PRESIDENT	2	Officer Director	$0	$0	$0
CORNELIUS BLANDING	EXECUTIVE DIRECTOR	40	Officer	$100,000	$0	$100,000

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	$7,527,706	$6,329,037	$9,174,083	$1,198,669
2023	$6,281,834	$5,743,636	$9,421,446	$538,198
2022	$5,075,114	$2,902,439	$9,015,218	$2,172,675
2021	$5,512,770	$2,686,599	$4,632,409	$2,826,171
2020	$3,647,869	$2,909,367	$3,140,908	$738,502
2018	$2,460,129	$2,594,011	$2,585,246	$-133,882

FEDERATION OF SOUTHERN COOPERATIVES