SOUTHERN FEDERAL TAX INSTITUTE INC

EIN: 586047220 501(c)(3) Public & Societal Benefit

DECATUR, GA

Total Revenue
$839,414
Total Expenses
$581,613
Total Assets
$2,316,710
Net Assets
$2,316,710
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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
1965
Legal Domicile
GA
Principal Officer
JEFFERY S DRUMMONDS
Phone
7706408300
Tax Period
2024-11-01 to 2025-10-31

SOUTHERN FEDERAL TAX INSTITUTE INC, founded in 1965, is a small nonprofit in the Public & Societal Benefit sector that reported $839K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $258K, a strong 31% operating margin.

Mission

EDUCATION

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $744,477
Investment Income $94,937
Other Revenue $0
TOTAL REVENUE $839,414

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $420,287
Other Expenses $581,613
TOTAL EXPENSES $581,613

Year-over-Year Comparison

2024 2023 Change
Revenue $839,414 $771,383 +0.1%
Expenses $581,613 $802,318 -0.3%
Net Income $257,801 $-30,935 -9.3%
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

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Governance

Voting Members
19
Independent Members
19
Employees
N/A
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
5
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL DESMOND TRUSTEE N/A
Director
$0 $0 $0
JOHN W HACKNEY TRUSTEE N/A
Director
$0 $0 $0
GEORGE A HANI TRUSTEE N/A
Director
$0 $0 $0
GERALD THOMAS II TRUSTEE N/A
Director
$0 $0 $0
CHRISTOPHER JONES TRUSTEE N/A
Director
$0 $0 $0
ALAN F ROTHSCHILD JR TRUSTEE N/A
Director
$0 $0 $0
DAVID C SOJOURNER JR TRUSTEE N/A
Director
$0 $0 $0
MICHAEL A LAING TRUSTEE N/A
Director
$0 $0 $0
MARTHA LOUISE R LEWIS TRUSTEE N/A
Director
$0 $0 $0
KENDAL SIBLEY TRUSTEE N/A
Director
$0 $0 $0
JAMES B SOWELL TRUSTEE N/A
Director
$0 $0 $0
KIMBERLY H STOGNER TRUSTEE N/A
Director
$0 $0 $0
DAVID WHEAT TRUSTEE N/A
Director
$0 $0 $0
LISA ZARLENGA TRUSTEE N/A
Director
$0 $0 $0
FARHAD AGHDAMI PRESIDENT N/A
Officer
$0 $0 $0
TIFFANY A ALTIZER CHAIRMAN OF N/A
Officer
$0 $0 $0
CAMERON N COSBY SECRETARY N/A
Officer
$0 $0 $0
JEFFERY S DRUMMONDS TREASURER N/A
Officer
$0 $0 $0
ZACK LEDER VICE PRESIDE N/A
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
2025 $839,414 $581,613 $2,316,710 $257,801
2024 $771,383 $802,318 $2,058,909 $-30,935
2023 $709,057 $604,961 $2,089,844 $104,096
2022 $767,280 $423,793 $1,985,748 $343,487
2021 $446,468 $138,661 $1,642,261 $307,807
2020 $222,750 $501,766 $1,334,454 $-279,016
2019 $667,756 $627,724 $1,613,470 $40,032
2018 $689,863 $626,346 $1,573,438 $63,517
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