GEORGIA HAP ADMINISTRATORS INC (EIN 582489635) - 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

1999

Legal Domicile

Principal Officer

KAREN ROMAINE THOMAS

Phone

7709393939

Tax Period

2024-07-01 to 2025-06-30

GEORGIA HAP ADMINISTRATORS INC, founded in 1999, is a mid-sized nonprofit that reported $31.7M in total revenue in fiscal year 2024. Expenses of $27.2M left a modest 14% surplus.

Mission

TO ADMINISTER PAYMENTS FOR THE DEPT. OF HOUSING AND URBAN DEVELOPMENT TO PUBLIC HOUSING PROJECTS IN GEORGIA AND ILLINOIS UNDER SECT. 8 OF THE U.S. HOUSING ACT.

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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 $0

Program Service Revenue $30,958,228

Investment Income $780,384

Other Revenue $0

TOTAL REVENUE $31,738,612

Expense Breakdown

Grants Paid $19,139,000

Salaries & Benefits $5,673,213

Fundraising Expenses $0

Program Expenses $25,575,463

Other Expenses $2,407,992

TOTAL EXPENSES $27,220,205

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,738,612	$29,392,733	+0.1%
Expenses	$27,220,205	$24,466,908	+0.1%
Net Income	$4,518,407	$4,925,825	-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

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

$870,447

Total Directors

Key Employees

$664,840

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL T AUSTIN	CHAIR	1.00	Officer Director	$0	$0	$0
GEORGE EDGE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LEN WILLIAMS	TREASURER	1.00	Officer Director	$0	$0	$0
CONSTANCE GRAHAM	SECRETARY	1.00	Officer Director	$0	$0	$0
JACOB L OGLESBY	DIRECTOR	1.00	Director	$0	$0	$0
MARK WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
TAMERA BOWERS	DIRECTOR	1.00	Director	$0	$0	$0
DELISA CLIFT	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA CRISP	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER BAISDEN	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP GILMAN	DIRECTOR	1.00	Director	$0	$0	$0
JIGNESH PATEL	CFO	45.00	Officer	$197,291	$57,403	$254,694
JEFF WIRRICK	COO	45.00	Officer	$197,902	$63,613	$261,515
KAREN ROMAINE THOMAS	CEO	45.00	Officer	$296,309	$57,929	$354,238
KIMBERLY RAY	DIRECTOR OF ASSET MANAGEME	45.00	Key Emp	$135,787	$27,272	$163,059
LAURIE WILLIAMS	DIRECTOR OF FINANCE	45.00	Key Emp	$165,035	$25,379	$190,414
DON SLADE	DIRECTOR OF IT	45.00	Key Emp	$158,162	$23,210	$181,372
JENNIFER FREEMAN	DIRECTOR OF TALENT MANAGEMENT	45.00	Key Emp	$113,716	$16,279	$129,995
JAMAUL MORRISON	SYSTEMS ADMINISTRATOR	45.00	Highest	$116,777	$16,081	$132,858

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
2025	$31,738,612	$27,220,205	$28,713,303	$4,518,407
2024	$29,392,733	$24,466,908	$24,078,927	$4,925,825
2023	$25,551,391	$22,227,574	$19,271,397	$3,323,817
2022	$23,363,879	$21,609,770	$15,091,824	$1,754,109
2021	$20,876,355	$21,180,737	$13,430,323	$-304,382
2020	$19,301,645	$19,848,557	$13,761,465	$-546,912
2019	$19,568,062	$20,569,182	$14,158,493	$-1,001,120
2018	$18,902,189	$19,862,946	$12,932,699	$-960,757

GEORGIA HAP ADMINISTRATORS INC