Georgia Economic Developers Association Inc (EIN 581265989) - 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

1975

Legal Domicile

Principal Officer

Grant Cagle

Phone

4049624110

Tax Period

2024-01-01 to 2024-12-31

Georgia Economic Developers Association Inc, founded in 1975, is a small nonprofit that reported $998K in total revenue in fiscal year 2024. Expenses of $894K left a modest 10% surplus.

Mission

The Organization's mission is to serve as the resource for networking, professional development and public policy for Georgia's economic development community.

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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 $9,000

Program Service Revenue $973,690

Investment Income $11,895

Other Revenue $3,069

TOTAL REVENUE $997,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $230,809

Fundraising Expenses $0

Other Expenses $662,749

TOTAL EXPENSES $893,558

Year-over-Year Comparison

	2024	2023	Change
Revenue	$997,654	$930,812	+0.1%
Expenses	$893,558	$835,839	+0.1%
Net Income	$104,096	$94,973	+0.1%

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

$214,399

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Trip Tollison	Chair	3.00	Officer Director	$0	$0	$0
Cal Wray	First Vice Chair	2.00	Officer Director	$0	$0	$0
Stacy Watson	Second Vice Chair	2.00	Officer Director	$0	$0	$0
Charlie Moseley	Secretary-Treasurer	2.00	Officer Director	$0	$0	$0
Benjy Thompson	Immediate Past Chair	2.00	Officer Director	$0	$0	$0
Carl Campbell	Director	1.00	Director	$0	$0	$0
Justin Farquhar	Director	1.00	Director	$0	$0	$0
Randall Toussaint	Director	1.00	Director	$0	$0	$0
Kristi Brigman	Director	1.00	Director	$0	$0	$0
Matt Colvin	Director	1.00	Director	$0	$0	$0
Serra Hall	Director	1.00	Director	$0	$0	$0
Ashley Varnum	Director	1.00	Director	$0	$0	$0
Travis Stegall	Director	1.00	Director	$0	$0	$0
Robbie Bennett	Director	1.00	Director	$0	$0	$0
Shaun Dodson	Director	1.00	Director	$0	$0	$0
Jason Dunn	Director	1.00	Director	$0	$0	$0
Jessica Hood	Director	1.00	Director	$0	$0	$0
Grant Cagle	President and CEO	40.00	Officer	$161,250	$53,149	$214,399

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	$997,654	$893,558	$1,323,015	$104,096
2023	$930,812	$835,839	$1,175,034	$94,973
2022	$802,626	$757,669	$996,155	$44,957
2021	$649,483	$657,606	$1,021,839	$-8,123
2020	$412,636	$458,945	$946,685	$-46,309
2019	$761,043	$752,558	$976,648	$8,485
2018	$756,998	$738,721	$986,477	$18,277

Georgia Economic Developers Association Inc