SOUTHWEST GEORGIA UNITED EMPOWERMENT ZONE (EIN 582196032) - 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

1994

Legal Domicile

Principal Officer

JARROD MCCARTHY

Phone

2292738582

Tax Period

2024-01-01 to 2024-12-31

SOUTHWEST GEORGIA UNITED EMPOWERMENT ZONE, founded in 1994, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 70% operating deficit.

Mission

THE ORGANIZATION IS A CDFI AND COMMUNITY DEVELOPMENT CORPORATION. THE MISSION OF SOUTHWEST GEORGIA UNITED IS TO WORK WITH THE COMMUNITY IN A COOPERATIVE SPIRIT TO REDUCE POVERTY AND IMPROVE THE QUALITY OF LIFE.

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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 $60,478

Program Service Revenue $722,112

Investment Income $555,271

Other Revenue $0

TOTAL REVENUE $1,337,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,055,860

Fundraising Expenses $0

Program Expenses $1,999,399

Other Expenses $1,221,847

TOTAL EXPENSES $2,277,707

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,337,861	$2,833,696	-0.5%
Expenses	$2,277,707	$2,656,184	-0.1%
Net Income	$-939,846	$177,512	-6.3%

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

Governance

Voting Members

Independent Members

Employees

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

$97,770

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BOWENS	PRESIDENT	2.00	Officer Director	$0	$0	$0
MONICA SIMMONS	SECRETARY	2.00	Officer Director	$0	$0	$0
SUSAN LEGER-BOIKE	BOARD MEMBER	2.00	Director	$0	$0	$0
RUTH ROGERS	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN WIGGINS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MEREDITH LESTER	FINANCIAL LIAISON	2.00	Officer Director	$0	$0	$0
CURTIS LUCAS	BOARD MEMBER	2.00	Director	$0	$0	$0
ULYSSES MORGAN	BOARD MEMBER	2.00	Director	$0	$0	$0
TIM ROBINSON	BOARD MEMBER	2.00	Director	$0	$0	$0
MELVILLA WEST	BOARD MEMBER	2.00	Director	$0	$0	$0
KATIE RUMSEY	BOARD MEMBER	2.00	Director	$0	$0	$0
TIA DANIELS	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT COOKE	EXECUTIVE DIRECTOR	40.00	Officer	$92,041	$4,221	$96,262
JARROD MCCARTHY	EXECUTIVE DIRECTOR	40.00	Officer	$1,508	$0	$1,508

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	$1,337,861	$2,277,707	$12,500,463	$-939,846
2023	$2,833,696	$2,656,184	$13,475,103	$177,512
2022	$2,473,727	$2,355,352	$13,425,503	$118,375
2021	$3,585,596	$2,258,114	$11,234,140	$1,327,482
2020	$2,815,560	$2,339,304	$10,122,548	$476,256
2019	$2,052,587	$2,296,036	$9,507,396	$-243,449
2018	$2,254,668	$2,023,609	$9,536,179	$231,059

SOUTHWEST GEORGIA UNITED EMPOWERMENT ZONE