The Technical College System of Georgia Foundation

EIN: 581813104 501(c)(3)

Atlanta, GA

Total Revenue
$2,460,747
Total Expenses
$2,756,180
Total Assets
$3,125,490
Net Assets
$2,883,936
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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
1988
Legal Domicile
GA
Principal Officer
Cory Thompson
Phone
4046791600
Tax Period
2024-07-01 to 2025-06-30

The Technical College System of Georgia Foundation, founded in 1988, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $2.8M exceeded revenue, resulting in a 12% operating deficit.

Mission

To Support the Technical College System of Georgia through Marketing, Advocacy, and Fundraising to benefit College students, Programs, and Faculty.

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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 $2,424,844
Program Service Revenue $0
Investment Income $35,903
Other Revenue $0
TOTAL REVENUE $2,460,747

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,691,484
Other Expenses $2,756,180
TOTAL EXPENSES $2,756,180

Year-over-Year Comparison

2024 2023 Change
Revenue $2,460,747 $3,234,680 -0.2%
Expenses $2,756,180 $2,127,439 +0.3%
Net Income $-295,433 $1,107,241 -1.3%
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
13
Independent Members
13
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
$111,000
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cory Thompson Executive Dir. 40.00
Officer
$0 $111,000 $111,000
Dan Lingerfelter President 2.00
Officer Director
$0 $0 $0
Dan Baker Treasurer 2.00
Officer Director
$0 $0 $0
Aleisa Howell Trustee 1.00
Officer Director
$0 $0 $0
Lindsay Bridges Trustee 1.00
Director
$0 $0 $0
Jason Brady Trustee 1.00
Director
$0 $0 $0
Marjie Roquermore Trustee 1.00
Director
$0 $0 $0
Jesse Killings Trustee 1.00
Director
$0 $0 $0
Mark Ginn Trustee 1.00
Director
$0 $0 $0
Erin Pickens Trustee 1.00
Director
$0 $0 $0
Gary Sanchez Vice President 1.00
Director
$0 $0 $0
Larry Williams Trustee 1.00
Director
$0 $0 $0
Natalie Tulberg Trustee 1.00
Director
$0 $0 $0
Sam Couvillion Trustee 1.00
Director
$0 $0 $0
Gregory Dozier Commissioner 1.00
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
2025 $2,460,747 $2,756,180 $3,125,490 $-295,433
2024 $3,234,680 $2,259,635 $3,361,412 $975,045
2023 $1,377,003 $2,127,439 $2,288,410 $-750,436
2022 $2,016,971 $1,419,279 $3,178,497 $597,692
2021 $1,566,852 $667,662 $2,569,185 $899,190
2020 $1,174,617 $685,377 $1,623,111 $489,240
2019 $719,308 $575,410 $1,142,373 $143,898
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