GEORGIA FOREIGN TRADE ZONE INC

EIN: 581593983

ATLANTA, GA

Total Revenue
$648,774
Total Expenses
$520,416
Total Assets
$1,180,748
Net Assets
$1,173,150
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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
GA
Principal Officer
JULIE BROWN
Phone
7705630408
Tax Period
2024-01-01 to 2024-12-31

GEORGIA FOREIGN TRADE ZONE INC, founded in 1975, is a small nonprofit that reported $649K in total revenue in fiscal year 2024. The organization ran a surplus of $128K, a strong 20% operating margin.

Mission

THE GEORGIA FOREIGN-TRADE ZONE (GFTZ) SUPPORTS THE CREATION & RETENTION OF JOBS IN GEORGIA BY PROMOTING AND FACILITATING THE USE OF THE FOREIGN-TRADE ZONE PROGRAM. GFTZ ASSISTS EXISTING BUSINESSES IN GEORGIA AND NEW BUSINESSES CONSIDERING LOCATING TO GEORGIA IN OBTAINING FTZ BENEFITS. GFTZ PROVIDES ONGOING SUPPORT TO FTZ OPERATORS TO LOWER OPERATING COSTS BY DEFERRING, REDUCING, AND ELIMINATING THE PAYMENT OF US CUSTOMS DUTIES ON IMPORTED GOODS. GFTZ ENHANCES ECONOMIC OPPORTUNITY WITHIN LOCAL COMMUNITIES AND CONTRIBUTES TO THE OVERALL ECONOMIC DEVELOPMENT OF THE STATE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $635,950
Investment Income $12,824
Other Revenue $0
TOTAL REVENUE $648,774

Expense Breakdown

Grants Paid $0
Salaries & Benefits $304,910
Fundraising Expenses $0
Other Expenses $215,506
TOTAL EXPENSES $520,416

Year-over-Year Comparison

2024 2023 Change
Revenue $648,774 $627,476 +0.0%
Expenses $520,416 $658,900 -0.2%
Net Income $128,358 $-31,424 -5.1%
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

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Governance

Voting Members
11
Independent Members
11
Employees
1
Volunteers
N/A

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
3
$234,720
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE BROWN PRESIDENT & 40.00
Officer
$234,720 $0 $234,720
JOSEPH BANKOFF IMMEDIATE PA N/A
Director
$0 $0 $0
BOB KOSEK BOARD MEMBER N/A
Director
$0 $0 $0
DAVID LUCKIE BOARD MEMBER N/A
Director
$0 $0 $0
GERALD MCDOWELL CHAIRMAN N/A
Officer Director
$0 $0 $0
MISTI MARTIN SECRETARY & N/A
Officer Director
$0 $0 $0
SCOTT MCMURRAY BOARD MEMBER N/A
Director
$0 $0 $0
RICHARD SARGENT BOARD MEMBER N/A
Director
$0 $0 $0
GREGG SIMON BOARD MEMBER N/A
Director
$0 $0 $0
STACY WATSON BOARD MEMBER N/A
Director
$0 $0 $0
MYRNA WHITE BOARD MEMBER N/A
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 $648,774 $520,416 $1,180,748 $128,358
2023 $627,476 $658,900 $1,051,954 $-31,424
2022 $514,673 $452,585 $1,077,532 $62,088
2021 $691,801 $401,405 $1,015,547 $290,396
2020 $602,121 $437,099 $723,732 $165,022
2019 $518,148 $474,595 $588,710 $43,553
2018 $489,329 $441,335 $515,157 $47,994
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