SOUTHERN COTTON GINNERS FOUNDATION

EIN: 621457300 501(c)(3) Food, Agriculture & Nutrition

MEMPHIS, TN

Total Revenue
$53,629
Total Expenses
$23,180
Total Assets
$1,129,713
Net Assets
$1,129,713
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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
1991
Legal Domicile
TN
Principal Officer
TIM PRICE
Phone
9019473104
Tax Period
2024-04-01 to 2025-03-31

SOUTHERN COTTON GINNERS FOUNDATION, founded in 1991, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $54K in total revenue in fiscal year 2024. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30K, a strong 57% operating margin.

Mission

PROMOTE EDUCATION IN COTTON GINNING INDUSTRY

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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 $100
Program Service Revenue $0
Investment Income $53,529
Other Revenue $0
TOTAL REVENUE $53,629

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $23,000
Other Expenses $23,180
TOTAL EXPENSES $23,180

Year-over-Year Comparison

2024 2023 Change
Revenue $53,629 $29,746 +0.8%
Expenses $23,180 $23,425 0.0%
Net Income $30,449 $6,321 +3.8%
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
7
Independent Members
7
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
3
$180,476
Total Directors
7
$180,476
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BLAKEMORE PRESIDENT 0.25
Officer Director
$0 $0 $0
NEILL SLOAN TREASURER 0.25
Officer Director
$0 $0 $0
BERNIE JORDAN TRUSTEE 0.25
Director
$0 $0 $0
WILL WADE TRUSTEE 0.25
Director
$0 $0 $0
ALLEN ESPEY TRUSTEE 0.25
Director
$0 $0 $0
JEFF LINDSEY TRUSTEE 0.25
Director
$0 $0 $0
TIM PRICE SECRETARY 1.00
Officer Director
$0 $17,027 $180,476
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 $53,629 $23,180 $1,129,713 $30,449
2024 $29,746 $23,425 $1,101,130 $6,321
2023 $27,923 $12,350 $1,083,720 $15,573
2022 $17,892 $15,982 $1,068,147 $1,910
2021 $16,238 $28,032 $1,066,237 $-11,794
2020 $38,329 $24,000 $1,082,031 $14,329
2019 $34,958 $21,750 $1,067,702 $13,208
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