SOUTHERN INSTITUTE FOR APPROPRIATE TECHN OLOGY (EIN 630776048) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

TOM CORSON

Phone

2563962015

Tax Period

2023-01-01 to 2023-12-31

SOUTHERN INSTITUTE FOR APPROPRIATE TECHN, founded in 1979, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2018. Revenue decreased 5% compared to the prior year. Expenses of $1.7M left a modest 4% surplus.

Mission

TO SHARE GOD'S LOVE THROUGH SERVICE, EDUCATION AND PERSONAL INVOLVEMENT WITH A NEEDY WORLD.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,286,096

Program Service Revenue $97,787

Investment Income $39,639

Other Revenue $4,085

TOTAL REVENUE $1,427,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $498,088

Fundraising Expenses $76,982

Program Expenses $1,006,819

Other Expenses $855,903

TOTAL EXPENSES $1,353,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,427,607	$1,323,638	+0.1%
Expenses	$1,353,991	$1,537,947	-0.1%
Net Income	$73,616	$-214,309	-1.3%

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

Governance

Voting Members

Independent Members

Employees

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

$63,547

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ART STEPHENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BENJAMIN CAMP	BOARD MEMBER	1.00	Director	$0	$0	$0
BERT BLANCHARD	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM BRAWNER	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN CAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRITT CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
GLORIA CUTHBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT KRAMER	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM CORSON	EXECUTIVE DIRECTOR	40.00	Officer	$63,547	$0	$63,547

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	No data	No data	No data	No data
2023	$1,427,607	$1,353,991	$2,089,898	$73,616
2022	$1,323,638	$1,537,947	$2,024,262	$-214,309
2021	$1,411,428	$1,389,671	$2,273,362	$21,757
2020	$2,179,057	$1,221,707	$2,306,899	$957,350
2019	$1,867,593	$1,709,924	$1,234,938	$157,669
2018	$1,769,124	$1,696,312	$1,082,938	$72,812

SOUTHERN INSTITUTE FOR APPROPRIATE TECHN OLOGY