GEORGIA GOAL SCHOLARSHIP PROGRAM INC (EIN 651280229) - 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

2006

Legal Domicile

Principal Officer

BEN SAYLOR

Phone

7708284031

Tax Period

2024-01-01 to 2024-12-31

GEORGIA GOAL SCHOLARSHIP PROGRAM INC, founded in 2006, is a mid-sized nonprofit in the Education sector that reported $66.0M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $60.3M left a modest 9% surplus.

Mission

GEORGIA GOAL SCHOLARSHIP PROGRAM, INC. IS A NONPROFIT GEORGIA CORPORATION DEDICATED TO OFFERING STUDENTS FROM LOW AND MIDDLE-INCOME FAMILIES OPPORTUNITIES TO ATTEND PRIVATE K-12 SCHOOLS OF THEIR PARENTS' CHOICE.

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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 $60,832,990

Program Service Revenue $0

Investment Income $5,184,124

Other Revenue $0

TOTAL REVENUE $66,017,114

Expense Breakdown

Grants Paid $55,620,858

Salaries & Benefits $1,048,444

Fundraising Expenses $244,638

Program Expenses $59,531,788

Other Expenses $3,679,319

TOTAL EXPENSES $60,348,621

Year-over-Year Comparison

	2024	2023	Change
Revenue	$66,017,114	$69,730,186	-0.1%
Expenses	$60,348,621	$53,931,983	+0.1%
Net Income	$5,668,493	$15,798,203	-0.6%

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

$820,604

Total Directors

Key Employees

$194,908

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD W GILBERT	CHAIRMAN EMERITUS	0.20	Director	$0	$0	$0
DEAN S MATHISON	BOARD MEMBER	0.20	Director	$0	$0	$0
PASTOR DEXTER ROWLAND	BOARD MEMBER	0.20	Director	$0	$0	$0
TIMOTHY J EMBRY	SECRETARY	0.20	Officer Director	$0	$0	$0
STANLEY R EPPERSON	BOARD MEMBER	0.20	Director	$0	$0	$0
DOUGLAS J MACGINNITIE	BOARD MEMBER	0.20	Director	$0	$0	$0
JOE ARNOLD	BOARD MEMBER	0.20	Director	$0	$0	$0
CHRIS CLEVELAND	BOARD MEMBER	0.20	Director	$0	$0	$0
KEVIN RUSSELL	CHAIRMAN OF THE BOARD	0.20	Officer Director	$0	$0	$0
ANDREA DOVE	BOARD MEMBER	0.20	Director	$0	$0	$0
CHARLES TARBUTTON	BOARD MEMBER	0.20	Director	$0	$0	$0
AVION ABREU	BOARD MEMBER	0.20	Director	$0	$0	$0
BARRY FLEMING	BOARD MEMBER	0.20	Director	$0	$0	$0
LISA KELLY	SENIOR ADVISOR	29.00	Officer	$203,063	$18,068	$391,313
BENJAMIN SAYLOR	PRESIDENT AND CEO	29.00	Officer	$200,598	$36,158	$429,291
JIM KELLY	GENERAL COUNSEL	27.00	Key Emp	$85,723	$11,263	$194,908
KATE SAYLOR	VP OF MARKETING & COMMUN	29.00	Highest	$83,652	$18,507	$191,666
ALLISON SAXBY	VP OF OPERATIONS	28.00	Highest	$113,912	$21,427	$248,319

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	$66,017,114	$60,348,621	$85,554,773	$5,668,493
2023	$69,730,186	$53,931,983	$76,830,708	$15,798,203
2022	$48,534,782	$44,503,033	$58,121,615	$4,031,749
2021	$45,569,079	$35,167,139	$58,000,031	$10,401,940
2020	$40,100,494	$35,027,295	$45,598,811	$5,073,199
2019	$39,170,192	$30,203,293	$38,679,182	$8,966,899
2018	$21,924,029	$20,223,716	$27,473,318	$1,700,313

GEORGIA GOAL SCHOLARSHIP PROGRAM INC