GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION INC (EIN 586043972) - 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

1960

Legal Domicile

Principal Officer

B SETH WALKER

Phone

4784455400

Tax Period

2024-07-01 to 2025-06-30

GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION INC, founded in 1960, is a community nonprofit in the Education sector that reported $8.1M in total revenue in fiscal year 2024. Revenue surged 119% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 51% operating margin.

Mission

TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR THE SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES FOR THE ADVANCEMENT OF GEORGIA COLLEGE & STATE UNIVERSITY. PRIVATE GIFTS FROM ALUMNI, FRIENDS, PARENTS, CORPORATIONS AND FOUNDATIONS PROVIDE THE RESOURCES NECESSARY TO OFFER AN OUTSTANDING EDUCATIONAL EXPERIENCE FOR GEORGIA COLLEGE AND STATE UNIVERSITY STUDENTS AND ENHANCE THE OVERALL EXCELLENCE OF THIS INSTITUTION.

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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 $5,035,855

Program Service Revenue $40,511

Investment Income $2,886,776

Other Revenue $106,140

TOTAL REVENUE $8,069,282

Expense Breakdown

Grants Paid $2,696,014

Salaries & Benefits $0

Fundraising Expenses $213,898

Program Expenses $3,504,485

Other Expenses $1,234,701

TOTAL EXPENSES $3,930,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,069,282	$3,685,410	+1.2%
Expenses	$3,930,715	$3,690,877	+0.1%
Net Income	$4,138,567	$-5,467	-758.0%

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

$341,659

Total Directors

$355,351

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF WANSLEY	BOARD CHAIR	0.00	Officer Director	$0	$0	$0
DEREK CHITWOOD	VICE CHAIR, CHAIR - TRUSTEE	0.00	Officer Director	$0	$0	$0
GARY THROWER	TREASURER	0.00	Officer Director	$0	$0	$0
ANRESA DAVIS	SECRETARY, EXECUTIVE, PHILANTHROPY	0.00	Officer Director	$0	$0	$0
GENIE CHAMBERLIN	CHAIR - FUNDRAISING	0.00	Director	$0	$0	$0
MAX CROOK	CHAIR - INVESTMENT	0.00	Director	$0	$0	$0
MURALI THIRUMAL	TRUSTEE	0.00	Director	$0	$0	$0
CHRIS CLARK	TRUSTEE	0.00	Director	$0	$0	$0
PAM TRAWICK	TRUSTEE	0.00	Director	$0	$0	$0
STAN WILSON	TRUSTEE	0.00	Director	$0	$0	$0
CATHY COX	TRUSTEE, PRESIDENT (GCSU)	1.00	Director	$0	$46,063	$355,351
DONNA BARWICK	TRUSTEE	0.00	Director	$0	$0	$0
PAM BOOKER	TRUSTEE	0.00	Director	$0	$0	$0
LES CALLAHAN	TRUSTEE	0.00	Director	$0	$0	$0
JIMMY CHILDRE	TRUSTEE	0.00	Director	$0	$0	$0
LOU CHILDS	TRUSTEE	0.00	Director	$0	$0	$0
ANNE CULBERSON	TRUSTEE	0.00	Director	$0	$0	$0
ALEX GREGORY	TRUSTEE	0.00	Director	$0	$0	$0
JAY HARRINGTON	TRUSTEE	0.00	Director	$0	$0	$0
KYLE HOOD	TRUSTEE	0.00	Director	$0	$0	$0
BILL JONES	TRUSTEE	0.00	Director	$0	$0	$0
JANE KIDD	TRUSTEE	0.00	Director	$0	$0	$0
KIM MARTIN	TRUSTEE	0.00	Director	$0	$0	$0
GEORGE MARTINEZ	TRUSTEE	0.00	Director	$0	$0	$0
DEBOR MINOR	TRUSTEE	0.00	Director	$0	$0	$0
BRANDIE MOCK	TRUSTEE	0.00	Director	$0	$0	$0
PATIENCE PETERSON	TRUSTEE	0.00	Director	$0	$0	$0
DONALD RHODES	TRUSTEE	0.00	Director	$0	$0	$0
RICHARD RUSSELL	TRUSTEE	0.00	Director	$0	$0	$0
DILANKA SEIMON	TRUSTEE	0.00	Director	$0	$0	$0
MARIA SHEFFIELD	TRUSTEE	0.00	Director	$0	$0	$0
BERNARD SOLOMON	TRUSTEE	0.00	Director	$0	$0	$0
SUSAN STEWART	TRUSTEE	0.00	Director	$0	$0	$0
LAURIE K TAYLOR	AVP ADVANCEMENT SERVICES, GCSU	5.00	Officer	$0	$27,226	$107,293
B SETH WALKER	EXECUTIVE DIRECTOR, VP UNIVERSITY ADV, GCSU	5.00	Officer	$0	$40,186	$234,366

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	$8,069,282	$3,930,715	$71,792,342	$4,138,567
2024	$3,685,410	$3,690,877	$65,572,789	$-5,467
2023	$3,755,055	$3,048,407	$61,243,918	$706,648
2022	$5,794,703	$3,293,778	$59,696,099	$2,500,925
2021	$10,177,448	$7,410,387	$66,057,685	$2,767,061
2020	$8,868,490	$6,667,269	$139,800,024	$2,201,221
2019	$14,644,595	$7,748,736	$141,872,360	$6,895,859

GEORGIA COLLEGE & STATE UNIVERSITY FOUNDATION INC