THE SOUTHERN ASSOC OF INDEPENDENT SCHOOLS INC

EIN: 621062837 501(c)(3)

NORCROSS, GA

Total Revenue
$3,404,177
Total Expenses
$3,056,669
Total Assets
$5,420,764
Net Assets
$4,116,849
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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
1986
Legal Domicile
GA
Principal Officer
DR BRETT JACOBSEN
Phone
6782558910
Tax Period
2024-01-01 to 2024-12-31

THE SOUTHERN ASSOC OF INDEPENDENT SCHOOLS INC, founded in 1986, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Expenses of $3.1M left a modest 10% surplus.

Mission

SEE PAGE 2 PART III

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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 $3,197,132
Investment Income $207,045
Other Revenue $0
TOTAL REVENUE $3,404,177

Expense Breakdown

Grants Paid $22,861
Salaries & Benefits $1,567,541
Fundraising Expenses $0
Program Expenses $2,598,231
Other Expenses $1,466,267
TOTAL EXPENSES $3,056,669

Year-over-Year Comparison

2024 2023 Change
Revenue $3,404,177 $3,306,402 +0.0%
Expenses $3,056,669 $2,990,993 +0.0%
Net Income $347,508 $315,409 +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

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Governance

Voting Members
18
Independent Members
18
Employees
15
Volunteers
367

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
6
$432,717
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACKIE WESTERFIELD PAST CHAIR 0.75
Officer Director
$0 $0 $0
DUBOSE EGLESTON CHAIR 0.75
Officer Director
$0 $0 $0
ALBERT THROCKMORTON TREASURER 0.75
Officer Director
$0 $0 $0
AUTUMN GRAVES VICE CHAIR 0.75
Officer Director
$0 $0 $0
CHUCK BALDECCHI TRUSTEE 0.50
Director
$0 $0 $0
KELLEY WALDRON TRUSTEE 0.50
Director
$0 $0 $0
TONI BOYD TRUSTEE 0.50
Director
$0 $0 $0
LAWRENCE COCO TRUSTEE 0.50
Director
$0 $0 $0
MCKENZIE COHEN TRUSTEE 0.50
Director
$0 $0 $0
ROBERT MCGEHEE TRUSTEE 0.50
Director
$0 $0 $0
DOUG NORRY TRUSTEE 0.50
Director
$0 $0 $0
LEIGH ANN BALLOU TRUSTEE 0.50
Director
$0 $0 $0
NANCY FOY TRUSTEE 0.50
Director
$0 $0 $0
IMANA SHERRILL TRUSTEE 0.50
Director
$0 $0 $0
CECIL STODGHILL JR TRUSTEE 0.50
Director
$0 $0 $0
RANDY WATTS TRUSTEE 0.50
Director
$0 $0 $0
KAVITA VASIL SECRETARY 0.50
Director
$0 $0 $0
STUART GULLEY TRUSTEE 0.50
Director
$0 $0 $0
JOHN BRETT JACOBSEN PRESIDENT 40.00
Officer
$162,848 $39,258 $202,106
LORI SPEAR EXECUTIVE VICE PRESIDENT 40.00
Officer
$208,418 $22,193 $230,611
CLAY L GIBNEY EMPLOYEE 40.00
Highest
$105,876 $21,287 $127,163
PATRICK B CUNEO DIRECTOR OF ACCREDITATION 40.00
Highest
$139,571 $20,241 $159,812
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 $3,404,177 $3,056,669 $5,420,764 $347,508
2023 $3,306,402 $2,990,993 $5,124,237 $315,409
2022 $2,774,723 $2,564,485 $4,368,061 $210,238
2021 $2,857,842 $2,142,487 $4,530,793 $715,355
2020 $2,184,827 $1,668,282 $3,858,512 $516,545
2019 $2,500,972 $2,236,117 $3,092,052 $264,855
2018 $2,256,778 $2,053,552 $2,548,086 $203,226
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