Southern Foundation for Homeless Children Inc (EIN 582034687) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

Gwendolyn Gray

Phone

6627698632

Tax Period

2023-01-01 to 2023-12-31

Southern Foundation for Homeless Children Inc, founded in 1990, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $2.8M exceeded revenue, resulting in a 34% operating deficit.

Mission

We provide a caring and nurturing environment for at-risk children

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,998,098

Program Service Revenue $0

Investment Income $0

Other Revenue $69,518

TOTAL REVENUE $2,067,616

Expense Breakdown

Grants Paid $1,753,693

Salaries & Benefits $554,788

Fundraising Expenses $0

Program Expenses $2,597,283

Other Expenses $456,155

TOTAL EXPENSES $2,764,636

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,067,616	$3,075,468	-0.3%
Expenses	$2,764,636	$2,784,342	0.0%
Net Income	$-697,020	$291,126	-3.4%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$133,235

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katie Pittman	Board President	2.00	Director	$0	$0	$0
Howard Lampkin	Board Treasurer	5.00	Director	$0	$0	$0
Regina Evans	Board Members	2.00	Director	$0	$0	$0
Teresa Hawkins	CFO	20.00	Officer	$38,500	$0	$38,500
Gwendolyn Gray	CEO	40.00	Officer	$94,735	$0	$94,735

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
2023	$2,067,616	$2,764,636	$818,432	$-697,020
2022	$3,075,468	$2,784,342	$1,520,385	$291,126
2021	$2,462,032	$2,521,745	$418,045	$-59,713
2020	$2,431,348	$2,602,847	$472,522	$-171,499
2019	$3,479,400	$3,429,817	$515,783	$49,583
2018	$3,429,016	$3,310,428	$420,528	$118,588

Southern Foundation for Homeless Children Inc