SECOND HARVEST OF SOUTH GEORGIA INC (EIN 582208545) - 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

1996

Legal Domicile

Principal Officer

FRANKLIN J RICHARDS II

Phone

2292442678

Tax Period

2024-01-01 to 2024-12-31

SECOND HARVEST OF SOUTH GEORGIA INC, founded in 1996, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $70.8M in total revenue in fiscal year 2024. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $21.9M, a strong 31% operating margin.

Mission

TO PROVIDE FOR THE DISTRIBUTION OF FOOD TO PARTNER AGENCIES TO FEED THOSE IN NEED.

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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 $68,215,859

Program Service Revenue $1,484,579

Investment Income $1,051,120

Other Revenue $0

TOTAL REVENUE $70,751,558

Expense Breakdown

Grants Paid $42,158,992

Salaries & Benefits $1,815,682

Fundraising Expenses $238,833

Program Expenses $47,199,775

Other Expenses $4,789,803

TOTAL EXPENSES $48,813,727

Year-over-Year Comparison

	2024	2023	Change
Revenue	$70,751,558	$36,523,357	+0.9%
Expenses	$48,813,727	$36,326,522	+0.3%
Net Income	$21,937,831	$196,835	+110.5%

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

2600

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

$294,590

Total Directors

$294,590

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANKLIN J RICHARDS II	PRESIDENT & CEO	45.00	Officer Director	$269,886	$24,704	$294,590
DR CHET BALLARD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BURKE MURPHII	TREASURER	1.00	Officer Director	$0	$0	$0
JOANNE JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM HOLLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
PHYLLIS HIERS	BOARD MEMBER	0.50	Director	$0	$0	$0
HON JIM TUNISON	BOARD MEMBER	0.50	Director	$0	$0	$0
CORY HANSEN	VICE PRESIDENT OF FINANCE	45.00	Highest	$115,791	$6,496	$122,287

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	$70,751,558	$48,813,727	$42,777,539	$21,937,831
2023	$36,523,357	$36,326,522	$19,949,152	$196,835
2022	$34,853,287	$37,366,650	$19,765,783	$-2,513,363
2021	$36,132,665	$35,063,780	$19,828,071	$1,068,885
2020	$45,281,900	$43,946,032	$19,610,548	$1,335,868

SECOND HARVEST OF SOUTH GEORGIA INC