Institute for Southern Studies Inc (EIN 581090440) - 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

1970

Legal Domicile

Principal Officer

Christopher Kromm

Phone

9194198311

Tax Period

2024-01-01 to 2024-12-31

Institute for Southern Studies Inc, founded in 1970, is a small nonprofit in the Social Science sector that reported $278K in total revenue in fiscal year 2024. Revenue surged 147% from the prior year, signaling strong growth momentum. Expenses of $705K exceeded revenue, resulting in a 154% operating deficit.

Mission

The Institute for Southern Studies uses research, media and education to promote a more just, democratic and sustainable future in the South.

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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 $278,604

Program Service Revenue $0

Investment Income $-846

Other Revenue $0

TOTAL REVENUE $277,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $387,614

Fundraising Expenses $48,718

Program Expenses $204,375

Other Expenses $316,961

TOTAL EXPENSES $704,575

Year-over-Year Comparison

	2024	2023	Change
Revenue	$277,758	$112,670	+1.5%
Expenses	$704,575	$767,887	-0.1%
Net Income	$-426,817	$-655,217	-0.3%

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

$167,793

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher Kromm	Executive Dir.	45.00	Officer	$135,000	$32,793	$167,793
Lisa Abbott	Director	0.25	Director	$0	$0	$0
Cynthia Greenlee	Director	0.25	Director	$0	$0	$0
Paul Cuadros	Chair	0.25	Officer 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
2024	$277,758	$704,575	$1,378,336	$-426,817
2023	$112,670	$767,887	$1,858,659	$-655,217
2022	$379,385	$625,537	$2,569,882	$-246,152
2021	$478,768	$607,636	$2,316,271	$-128,868
2020	$1,785,253	$826,038	$2,448,600	$959,215
2019	$748,882	$657,872	$1,484,597	$91,010
2018	$962,629	$785,332	$1,391,879	$177,297

Institute for Southern Studies Inc