COWETA COMMUNITY FOUNDATION INC (EIN 582348181) - 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

1997

Legal Domicile

Principal Officer

BRETT JOHNSTON

Phone

7702531833

Tax Period

2023-01-01 to 2023-12-31

COWETA COMMUNITY FOUNDATION INC, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $704K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 74% operating deficit.

Mission

WE FOCUS ON LOCAL PHILANTHROPY ON OUR COMMUNITY'S CHANGING NEEDS. WE MANAGE INDIVIDUAL GIFTS AND BEQUESTS AS AN ENDOWED POOL OF ASSETS DISTRIBUTING GRANTS TO A WIDE VARIETY OF ORGANIZATIONS THAT ENHANCE AND SUPPORT THE QUALITY OF LIFE IN COWETA COUNTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $582,583

Program Service Revenue $18,500

Investment Income $87,728

Other Revenue $15,511

TOTAL REVENUE $704,322

Expense Breakdown

Grants Paid $871,984

Salaries & Benefits $225,252

Fundraising Expenses $25,978

Program Expenses $1,105,829

Other Expenses $131,395

TOTAL EXPENSES $1,228,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$704,322	$1,201,723	-0.4%
Expenses	$1,228,631	$1,677,593	-0.3%
Net Income	$-524,309	$-475,870	+0.1%

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

100

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
JAY BARNES	BOARD MEMBER	2.00	Director	$0	$0	$0
CYNTHIA BENNETT	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
ALEXIS BROOKS	BOARD MEMBER	2.00	Director	$0	$0	$0
BLUE COLE	BOARD MEMBER	2.00	Director	$0	$0	$0
BARRY DEBROW	BOARD MEMBER	2.00	Director	$0	$0	$0
PAM GABEL	BOARD MEMBER	2.00	Director	$0	$0	$0
EMILY GATES	BOARD MEMBER	2.00	Director	$0	$0	$0
WILL GEESLIN	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER HANNAH	BOARD MEMBER	2.00	Director	$0	$0	$0
HAP HINES	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM JACKSON	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUG KOLBENSCHLAG	BOARD MEMBER	2.00	Director	$0	$0	$0
CLAY NEELY	BOARD MEMBER	2.00	Director	$0	$0	$0
WHITNEY PURINTON	BOARD MEMBER	2.00	Director	$0	$0	$0
OLIVIA WATERS	BOARD MEMBER	2.00	Director	$0	$0	$0
TONYA WHITLOCK	BOARD MEMBER	2.00	Director	$0	$0	$0
TONYA WHITLOCK	BOARD MEMBER	2.00	Director	$0	$0	$0
RAY WILIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
BRETT JOHNSTON	CHAIRMAN	5.00	Officer	$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
2024	No data	No data	No data	No data
2023	$704,322	$1,228,631	$1,213,776	$-524,309
2022	$1,201,723	$1,677,593	$1,746,731	$-475,870
2021	$2,660,917	$742,106	$2,295,806	$1,918,811
2021	$2,660,917	$742,106	$2,295,806	$1,918,811
2020	$152,627	$385,966	$340,485	$-233,339
2019	$371,937	$391,298	$560,676	$-19,361
2018	$533,974	$716,687	$522,931	$-182,713

COWETA COMMUNITY FOUNDATION INC