ATHENS TECH FOUNDATION INC (EIN 581824771) - 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

1988

Legal Domicile

Principal Officer

TERRY WINGFIELD JR

Phone

7063555025

Tax Period

2023-01-01 to 2023-12-31

ATHENS TECH FOUNDATION INC, founded in 1988, is a small nonprofit in the Education sector that reported $413K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $564K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO PARTNER WITH ATHENS TECHNICAL COLLEGE AND WITH THE COMMUNITY TO BUILD THE WORKFORCE OF TODAY AND FOR THE FUTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $284,048

Program Service Revenue $25,665

Investment Income $68,147

Other Revenue $34,854

TOTAL REVENUE $412,714

Expense Breakdown

Grants Paid $119,696

Salaries & Benefits $170,928

Fundraising Expenses $73,689

Program Expenses $415,347

Other Expenses $273,800

TOTAL EXPENSES $564,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$412,714	$362,910	+0.1%
Expenses	$564,424	$471,145	+0.2%
Net Income	$-151,710	$-108,235	+0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY WINGFIELD JR	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
LESLIE FRIEDMAN	VICE- CHAIR	2.00	Officer Director	$0	$0	$0
KATHERINE ALEXANDER	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN BOGARDUS	SECRETARY	1.00	Officer Director	$0	$0	$0
ELAINE COOK	DIRECTOR	1.00	Director	$0	$0	$0
JEAN MULLIS	DIRECTOR	1.00	Director	$0	$0	$0
LORI LORD	DIRECTOR	1.00	Director	$0	$0	$0
JEFF PETEY PETREA	DIRECTOR	1.00	Director	$0	$0	$0
TERI SMILEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE RUEBUSH	DIRECTOR	1.00	Director	$0	$0	$0
PAUL CRAMER	DIRECTOR	1.00	Director	$0	$0	$0
WHIT RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
SAM YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BROWN	DIRECTOR	1.00	Director	$0	$0	$0
GRAHAM JOYNER	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$412,714	$564,424	$1,979,460	$-151,710
2023	$614,014	$564,424	$1,979,460	$49,590
2022	$362,910	$471,145	$1,979,532	$-108,235
2021	$337,502	$229,678	$2,313,250	$107,824
2020	$231,342	$239,947	$2,068,424	$-8,605
2019	$277,939	$212,209	$1,914,196	$65,730
2018	$216,645	$153,524	$1,616,383	$63,121

ATHENS TECH FOUNDATION INC