NEW SOUTH DEVELOPMENT TRAINING (EIN 593796197) - 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

2008

Legal Domicile

Principal Officer

SOCRATES GARRETT

Phone

6018960084

Tax Period

2024-01-01 to 2024-09-30

NEW SOUTH DEVELOPMENT TRAINING, founded in 2008, is a micro nonprofit in the Youth Development sector that reported $38K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $44K exceeded revenue, resulting in a 16% operating deficit.

Mission

NEW SOUTH DEV. AND TRAINING IS COMMITTED TO RESEARCH AND TRAINING IN THE FIELDS OF AGRICULTURE, WASTE TO ENTERGY, AND MICROBIOLOGY. OUR COMMITMENT IS ALSO TO ENGINEERING.

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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 $37,915

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $37,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,916

Other Expenses $43,942

TOTAL EXPENSES $43,942

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,915	$101,439	-0.6%
Expenses	$43,942	$156,353	-0.7%
Net Income	$-6,027	$-54,914	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SOCRATES GARRETT	CHAIRMAN	1	Officer	$0	$0	$0
OLETA FITZGERALD	DIRECTOR	1	Director	$0	$0	$0
ANGEL HAMPTON	DIRECTOR	1	Director	$0	$0	$0
KENDRA GAYNER	DIRECTOR	1	Director	$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	$37,915	$43,942	$24,173	$-6,027
2023	$101,439	$156,353	$24,173	$-54,914
2023	$110,348	$131,214	$79,087	$-20,866
2022	$158,399	$131,209	$73,318	$27,190
2021	$185,203	$260,091	$440	$-74,888
2018	$662,150	$662,150	$46,693	No data

NEW SOUTH DEVELOPMENT TRAINING