Educational Funding of the South Inc (EIN 581757969) - 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

1985

Legal Domicile

Principal Officer

Ron Gambill

Phone

6157718505

Tax Period

2020-10-01 to 2021-07-31

Educational Funding of the South Inc, founded in 1985, is a mid-sized nonprofit that reported $32.4M in total revenue in fiscal year 2020. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

ACQUISITION OF STUDENT loans, college and CAREER COUNSELING SERVICES, FINANCIAL LITERACY SERVICES AND NEED-BASED SCHOLARSHIPS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $203,473

Program Service Revenue $29,150,512

Investment Income $1,584,104

Other Revenue $1,502,908

TOTAL REVENUE $32,440,997

Expense Breakdown

Grants Paid $104,000

Salaries & Benefits $2,079,031

Fundraising Expenses $0

Program Expenses $30,087,752

Other Expenses $31,526,410

TOTAL EXPENSES $33,709,441

Year-over-Year Comparison

	2020	2019	Change
Revenue	$32,440,997	$44,506,189	-0.3%
Expenses	$33,709,441	$45,792,416	-0.3%
Net Income	$-1,268,444	$-1,286,227	0.0%

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

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

$992,253

Total Directors

$898,979

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON GAMBILL	PRESIDENT/CEO	50.0	Officer Director	$781,505	$15,474	$796,979
KEN MANN	CFO	40.0	Officer	$183,720	$11,554	$195,274
Melissa Markis	assistant VP loan operations	40.0	Highest	$103,174	$9,382	$112,556
JOHN MAYS	DIRECTOR	1.0	Director	$26,000	$0	$26,000
MIKE RAGSDALE	DIRECTOR	1.0	Director	$26,000	$0	$26,000
RICHARD SMELSER	DIRECTOR	1.0	Director	$25,000	$0	$25,000
JEFF GERKIN	DIRECTOR	1.0	Director	$25,000	$0	$25,000

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
2021	$32,440,997	$33,709,441	No data	$-1,268,444
2020	$44,506,189	$45,792,416	$856,801,782	$-1,286,227
2019	$55,765,627	$58,877,514	$976,087,145	$-3,111,887
2018	$57,118,278	$54,955,972	$1,125,274,900	$2,162,306

Educational Funding of the South Inc