SOUTHERN SCHOLARSHIP FOUNDATION INC (EIN 590939481) - 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

1957

Legal Domicile

Principal Officer

SHAWN WOODIN

Phone

8502223833

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN SCHOLARSHIP FOUNDATION INC, founded in 1957, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Expenses of $2.5M exceeded revenue, resulting in a 23% operating deficit.

Mission

THROUGH RENT-FREE HOUSING AND COOPERATIVE LIVING, SOUTHERN SCHOLARSHIP FOUNDATION SUPPORTS STUDENTS WHO LACK FINANCIAL RESOURCES, DEMONSTRATE EXCELLENT ACADEMIC MERIT, AND EXEMPLIFY GOOD CHARACTER ATTEND INSTITUTIONS OF HIGHER 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,328,039

Program Service Revenue $145,610

Investment Income $503,514

Other Revenue $32,033

TOTAL REVENUE $2,009,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $827,621

Fundraising Expenses $354,828

Program Expenses $1,884,006

Other Expenses $1,649,837

TOTAL EXPENSES $2,477,458

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,009,196	$1,928,198	+0.0%
Expenses	$2,477,458	$2,205,566	+0.1%
Net Income	$-468,262	$-277,368	+0.7%

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

$139,327

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM DAVIS	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
SHEILA DICKISON	CHIAR ELECT	2.00	Officer Director	$0	$0	$0
RYAN TUCKER	TREASURER	2.00	Officer Director	$0	$0	$0
PAULA DEBOLES-JOHNSON	SECRETARY	2.00	Officer Director	$0	$0	$0
RHODA GLASCO FODERINGHAM	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
DAVID ASHBURN	MEMBER AT LARGE	2.00	Director	$0	$0	$0
ANNE TOULOUSE	MEMBER AT LARGE	2.00	Director	$0	$0	$0
ALIX ALEXIS	DIRECTOR	2.00	Director	$0	$0	$0
NICHOLAS APPELO	DIRECTOR	2.00	Director	$0	$0	$0
MARY K BEDFORD	DIRECTOR	2.00	Director	$0	$0	$0
KATHRYN BELL	DIRECTOR	2.00	Director	$0	$0	$0
RAMONA BROOKINS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN JENKINS	DIRECTOR	2.00	Director	$0	$0	$0
LINDA JENKINS	DIRECTOR	2.00	Director	$0	$0	$0
LASHONDIA KENDRICK	DIRECTOR	2.00	Director	$0	$0	$0
LYNN LEVERTY	DIRECTOR	2.00	Director	$0	$0	$0
GAYLA PARKS	DIRECTOR	2.00	Director	$0	$0	$0
BILL OLIVER	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA PAULK	DIRECTOR	2.00	Director	$0	$0	$0
KIANA PETERS	DIRECTOR	2.00	Director	$0	$0	$0
FRANCHESCA PICHARDO	DIRECTOR	2.00	Director	$0	$0	$0
KELLY SLEEPER	DIRECTOR	2.00	Director	$0	$0	$0
CARTER THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
JILL VARNES	DIRECTOR	2.00	Director	$0	$0	$0
DHYANA ZIEGLER PHD	DIRECTOR	2.00	Director	$0	$0	$0
SHAWN WOODIN	PRESIDENT/CEO	40.00	Officer	$133,721	$5,606	$139,327

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	$2,009,196	$2,477,458	$16,788,085	$-468,262
2023	$1,928,198	$2,205,566	$17,008,593	$-277,368
2022	$1,607,327	$2,261,483	$16,159,156	$-654,156
2021	$2,304,373	$2,138,813	$18,545,693	$165,560
2020	$1,863,061	$2,562,989	$17,944,501	$-699,928
2019	$2,864,873	$2,300,370	$18,517,549	$564,503
2018	$3,073,302	$1,981,936	$16,929,177	$1,091,366

SOUTHERN SCHOLARSHIP FOUNDATION INC