SOUTHERN REGIONAL CORPORATION (EIN 646001417) - 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

1986

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

SOUTHERN REGIONAL CORPORATION, founded in 1986, is a small nonprofit that reported $428K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $371K left a modest 13% surplus.

Mission

THE ORGANIZATION OFFERS A BROAD RANGE OF PROGRAMS AND ACTIVITIES THAT FOCUS ON HEALTH AND WELLNESS. THE PROGRAMS AND ACTIVITIES ARE DESIGNED TO MAINTAIN AND IMPROVE THE HEALTH OF THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $383,633

Investment Income $28,770

Other Revenue $15,256

TOTAL REVENUE $427,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,141

Fundraising Expenses $0

Program Expenses $337,978

Other Expenses $191,242

TOTAL EXPENSES $371,383

Year-over-Year Comparison

	2023	2022	Change
Revenue	$427,659	$339,699	+0.3%
Expenses	$371,383	$344,527	+0.1%
Net Income	$56,276	$-4,828	-12.7%

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

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
TED MUSGROVE	MEMBER	2.00	Director	$0	$0	$0
CRAIG FRANKLIN	MEMBER	2.00	Director	$0	$0	$0
CATHY SMITH	MEMBER	2.00	Director	$0	$0	$0
EARL FORTENBERRY	MEMBER	2.00	Director	$0	$0	$0
SHERRY LAMBER	MEMBER	2.00	Director	$0	$0	$0
NATHAN FARMER	SECRETARY	2.00	Officer Director	$0	$0	$0
TIM HART	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID HOBGOOD	TREASURER	2.00	Officer Director	$0	$0	$0
PAUL REESE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RASHELL DAWSEY	BOOKKEEPER	30.00	Key Emp	$0	$0	$0
GARY MILLER	GENERAL MANAGERR	40.00	Key Emp	$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	No data	No data	No data	No data
2023	$427,659	$371,383	$1,573,842	$56,276
2022	$339,699	$344,527	$1,460,648	$-4,828
2021	$363,005	$342,393	$1,435,664	$20,612
2020	$321,800	$358,895	$1,391,632	$-37,095
2019	$414,512	$381,264	$1,410,964	$33,248
2018	$413,031	$396,878	$1,358,336	$16,153

SOUTHERN REGIONAL CORPORATION