THE WALTER AND EMILIE SPIVEY FOUNDATION INC

EIN: 581692653 501(c)(3)

MORROW, GA

Total Revenue
$585,128
Total Expenses
$233,385
Total Assets
$9,573,652
Net Assets
$9,573,652
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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
1986
Legal Domicile
GA
Principal Officer
RICHARD TIGNER
Phone
6784664487
Tax Period
2024-01-01 to 2024-12-31

THE WALTER AND EMILIE SPIVEY FOUNDATION INC, founded in 1986, is a small nonprofit that reported $585K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $352K, a strong 60% operating margin.

Mission

THE FOUNDATION WAS ESTABLISHED SOLELY FOR THE BENEFIT OF FINE ARTS PROGRAMS AT CLAYTON STATE UNIVERSITY IN MORROW, GEORGIA, WITH PRIMARY EMPHASIS ON A CONCERT SERIES, MUSIC SCHOLARSHIPS, AND RELATED EDUCATION PROGRAMS FOR PUBLIC SCHOOL AND COLLEGE AGE STUDENTS.

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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 $0
Investment Income $585,128
Other Revenue $0
TOTAL REVENUE $585,128

Expense Breakdown

Grants Paid $167,974
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $167,974
Other Expenses $65,411
TOTAL EXPENSES $233,385

Year-over-Year Comparison

2024 2023 Change
Revenue $585,128 $412,081 +0.4%
Expenses $233,385 $119,755 +0.9%
Net Income $351,743 $292,326 +0.2%
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
9
Independent Members
9
Employees
N/A
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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHELLEY MCGEHEE CHAIR/TRUSTEE 3.00
Officer Director
$0 $0 $0
RICHARD TIGNER VICE CHAIR/TRUSTEE 2.50
Officer Director
$0 $0 $0
JEFFREY M ADAMS TREASURER/TRUSTEE 3.00
Officer Director
$0 $0 $0
DANA LEMON SECRETARY/TRUSTEE 0.50
Officer Director
$0 $0 $0
ALEX CRUMBLEY TRUSTEE 0.50
Director
$0 $0 $0
ROBERT G EDGE TRUSTEE 0.50
Director
$0 $0 $0
DR THOMAS HYNES JR EMERITUS TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL KOCH MD TRUSTEE 0.50
Director
$0 $0 $0
GEORJ LEWIS 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 $585,128 $233,385 $9,573,652 $351,743
2023 $412,081 $119,755 $8,694,957 $292,326
2022 $278,992 $205,782 $7,626,152 $73,210
2021 $610,277 $209,362 $9,164,481 $400,915
2020 $354,057 $238,398 $8,222,710 $115,659
2019 $329,535 $380,107 $7,419,810 $-50,572
2018 $385,965 $186,077 $6,586,569 $199,888
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