SMALL BUSINESS ASSISTANCE CORPORATION

EIN: 581526202 501(c)(3) Community Improvement

SAVANNAH, GA

Total Revenue
$5,839,411
Total Expenses
$2,399,508
Total Assets
$22,312,679
Net Assets
$15,629,378
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
GA
Principal Officer
VICTORIA BURCH SAXTON
Phone
9122324700
Tax Period
2023-10-01 to 2024-09-30

SMALL BUSINESS ASSISTANCE CORPORATION, founded in 1982, is a community nonprofit in the Community Improvement sector that reported $5.8M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 59% operating margin.

Mission

PURPOSE IS TO FOSTER ECONOMIC DEVELOPMENT IN SAVANNAH, GEORGIA AND THE SURROUNDING REGION.

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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 $1,624,712
Program Service Revenue $3,218,699
Investment Income $990,081
Other Revenue $5,919
TOTAL REVENUE $5,839,411

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,398,855
Fundraising Expenses $0
Program Expenses $1,606,238
Other Expenses $1,000,653
TOTAL EXPENSES $2,399,508

Year-over-Year Comparison

2023 2022 Change
Revenue $5,839,411 $3,622,093 +0.6%
Expenses $2,399,508 $3,116,279 -0.2%
Net Income $3,439,903 $505,814 +5.8%
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
15
Independent Members
15
Employees
21
Volunteers
30

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
7
$148,462
Total Directors
25
$148,462
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENDAN FERRARA CHAIRMAN 2.00
Officer Director
$0 $0 $0
LYNN VOS SECRETARY 2.00
Officer Director
$0 $0 $0
ELAINE CAMPBELL TREASURER 2.00
Officer Director
$0 $0 $0
WESLEY OLLIFF TRUSTEE 0.50
Director
$0 $0 $0
CAROL BROOKS VICE CHAIR 2.00
Officer Director
$0 $0 $0
DAN PAVLIN LOAN COMMITTEE CHAIR 2.00
Officer Director
$0 $0 $0
KATE ROTT ASSISTANT SECRETARY 2.00
Officer Director
$0 $0 $0
RYAN MARTIN TRUSTEE 0.50
Director
$0 $0 $0
PAUL ARVENTIDES TRUSTEE 0.50
Director
$0 $0 $0
JOHN SULKA TRUSTEE 0.50
Director
$0 $0 $0
JOE GANNAM TRUSTEE 0.50
Director
$0 $0 $0
LEIA DEDIC TRUSTEE 0.50
Director
$0 $0 $0
PAUL WILSON TRUSTEE 0.50
Director
$0 $0 $0
JONATHAN PANNELL TRUSTEE 0.50
Director
$0 $0 $0
DR JOHN SCHOETTLE DVM TRUSTEE 0.50
Director
$0 $0 $0
JOEY BELL TRUSTEE 0.50
Director
$0 $0 $0
ALFONSO RIBOT TRUSTEE 0.50
Director
$0 $0 $0
TRAPPER GRIFFITH TRUSTEE 0.50
Director
$0 $0 $0
JEFFREY A HEEDER EX-OFFICIO TRUSTEE 0.50
Director
$0 $0 $0
T BRETT GOODWIN EX-OFFICIO TRUSTEE 0.50
Director
$0 $0 $0
RONALD P WELLER EX-OFFICIO TRUSTEE 0.50
Director
$0 $0 $0
VICTORIA SAXTON CEO 40.00
Officer Director
$119,591 $28,871 $148,462
WENDY JEFFERS TRUSTEE 0.50
Director
$0 $0 $0
TOM BUTLER TRUSTEE 0.50
Director
$0 $0 $0
RUTH DAVIS-REHNSTROM TRUSTEE 0.50
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 $5,839,411 $2,399,508 $22,312,679 $3,439,903
2023 $3,622,093 $3,116,279 $21,544,924 $505,814
2022 $1,539,306 $1,547,288 $17,970,431 $-7,982
2021 $4,720,835 $1,778,607 $21,273,800 $2,942,228
2020 $1,609,944 $1,149,232 $14,699,222 $460,712
2019 $2,084,041 $1,285,261 $11,922,615 $798,780
2018 $1,194,961 $1,064,909 $11,290,724 $130,052
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