Foundation Properties Inc (EIN 581940977) - 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

John Calhoun

Phone

7065653640

Tax Period

2024-08-01 to 2025-07-31

Foundation Properties Inc, founded in 1988, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 584% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 41% operating margin.

Mission

The principle purpose of Foundation Properties, Inc. shall be to promote the cause of higher education at Columbus State University, a unit of the University System of Georgia located in Columbus, GA, specifically through the management of real property affiliated with the University, holding real property for future development by the University and holding investment property for the benefit of the University.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,226,639

Investment Income $968,095

Other Revenue $-119,607

TOTAL REVENUE $4,075,127

Expense Breakdown

Grants Paid $22,469

Salaries & Benefits $161,856

Fundraising Expenses $0

Program Expenses $2,114,798

Other Expenses $2,224,522

TOTAL EXPENSES $2,408,847

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,075,127	$595,589	+5.8%
Expenses	$2,408,847	$4,299,058	-0.4%
Net Income	$1,666,280	$-3,703,469	-1.4%

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

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
Pace Halter	Treasurer	1.00	Officer Director	$0	$0	$0
Stuart Rayfield	CSU President	1.00	Director	$0	$0	$0
Mat Swift	Trustee	1.00	Director	$0	$0	$0
Bill Reaves	Trustee	1.00	Director	$0	$0	$0
Todd Schuster	Chair	1.00	Officer Director	$0	$0	$0
Will Peek	Trustee	1.00	Director	$0	$0	$0
Ron Thomas	Vice Chair	1.00	Officer Director	$0	$0	$0
Will White	Trustee	1.00	Director	$0	$0	$0
Brenda Williams	Trustee	1.00	Director	$0	$0	$0
Janet Davis	Secretary	1.00	Officer Director	$0	$0	$0
Wade Burford	Trustee	1.00	Director	$0	$0	$0
Matt Prielozny	Trustee	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	$4,075,127	$2,408,847	$38,199,194	$1,666,280
2024	$595,589	$4,299,058	$37,846,619	$-3,703,469
2023	$5,430,634	$4,688,225	$66,174,355	$742,409
2022	$6,179,282	$4,563,482	$80,383,881	$1,615,800
2021	$5,922,881	$6,468,382	$109,244,110	$-545,501
2020	$6,742,153	$8,473,918	$108,758,689	$-1,731,765
2019	$5,996,503	$4,896,810	$112,638,782	$1,099,693
2018	$5,344,649	$5,025,095	$114,321,353	$319,554

Foundation Properties Inc