PRESBYTERIAN HOMES OF GEORGIA INC (EIN 581944849) - 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

ALEX PATTERSON

Phone

2292636191

Tax Period

2024-01-01 to 2024-12-31

PRESBYTERIAN HOMES OF GEORGIA INC, founded in 1985, is a community nonprofit in the Human Services sector that reported $7.3M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $9.2M exceeded revenue, resulting in a 27% operating deficit.

Mission

PRESBYTERIAN HOMES OF GEORGIA PROVIDES SUPPORT TO OTHER TAX EXEMPT ENTITIES.

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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 $1,264,302

Program Service Revenue $5,154,952

Investment Income $839,515

Other Revenue $43,134

TOTAL REVENUE $7,301,903

Expense Breakdown

Grants Paid $3,700,000

Salaries & Benefits $2,474,855

Fundraising Expenses $239,617

Program Expenses $7,986,192

Other Expenses $3,066,855

TOTAL EXPENSES $9,241,710

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,301,903	$8,632,715	-0.2%
Expenses	$9,241,710	$7,329,891	+0.3%
Net Income	$-1,939,807	$1,302,824	-2.5%

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

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

$944,448

Total Directors

$435,340

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX PATTERSON	PRESIDENT/CEO	40.00	Officer Director	$380,778	$54,562	$435,340
REV TONY SUNDERMEIER	CHAIR	1.00	Officer Director	$0	$0	$0
LATIVIA ALSTON	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARION GLOVER	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVIS C STEWART	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS E JONES JR	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT H NEEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDGE DAVID TODD MARKLE	BOARD MEMBER	1.00	Director	$0	$0	$0
APRIL ROOKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES H MORGAN JR	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH FUNDERBURK	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE J HAUPTFUHRER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAD M PEARCE	CFO	40.00	Officer	$209,916	$8,079	$217,995
RHETT PARTIN	COO	40.00	Officer	$243,289	$47,824	$291,113
KEVIN D RACKLEY	CONTRACTOR	40.00	Highest	$164,554	$36,637	$201,191
AARON OLIVETO	CORP DIRECTOR OF HR	40.00	Highest	$179,977	$17,948	$197,925
JERRY WEBER	ASSOCIATE DIRECTOR OF DEVELOPMENT	40.00	Highest	$153,748	$0	$153,748

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	$7,301,903	$9,241,710	$31,487,524	$-1,939,807
2023	$8,632,715	$7,329,891	$32,715,677	$1,302,824
2022	$7,034,305	$4,976,054	$29,206,892	$2,058,251
2021	$12,656,769	$4,788,537	$28,785,212	$7,868,232
2020	$5,187,690	$4,137,061	$22,707,971	$1,050,629
2019	$6,394,193	$5,595,399	$21,389,397	$798,794
2018	$7,150,960	$6,582,388	$19,917,096	$568,572

PRESBYTERIAN HOMES OF GEORGIA INC