GEORGIA MAGNET CHARTER SCHOOLS FOUNDATIONS CORP (EIN 721552418) - 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

2003

Legal Domicile

Principal Officer

TERRY MARTIN

Phone

6784102504

Tax Period

2024-07-01 to 2025-06-30

GEORGIA MAGNET CHARTER SCHOOLS FOUNDATIONS CORP, founded in 2003, is a community nonprofit in the Education sector that reported $9.0M in total revenue in fiscal year 2024.

Mission

THE GEORGIA MAGNET/CHARTER SCHOOLS FOUNDATION, CORP. WAS FORMED TO GOVERN HAPEVILLE CHARTER SCHOOL AND CAREER ACADEMY, A FULTON COUNTY SCHOOL SYSTEM PUBLIC CHARTER SCHOOL PROVIDING INSTRUCTION TO GRADES 9 THROUGH 12 WHO RESIDE WITHIN THE FULTON COUNTY SCHOOL SYSTEM ATTENDANCE ZONE.

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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 $9,048,701

Program Service Revenue $378

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,049,079

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,012,960

Fundraising Expenses $0

Program Expenses $7,721,688

Other Expenses $3,967,548

TOTAL EXPENSES $8,980,508

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,049,079	$9,073,075	0.0%
Expenses	$8,980,508	$9,189,609	0.0%
Net Income	$68,571	$-116,534	-1.6%

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

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

$154,850

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORLISS DAVENPORT	CEO	1.00	Officer Director	$0	$0	$0
TERRY MARTIN	TREASURER	1.00	Officer Director	$0	$0	$0
SHAWNTRELL JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD FOWLER	PRINCIPAL (HCCA)	40.00	Officer	$0	$0	$0
MIKE RAMOS	EXECUTIVE DIRECTOR	40.00	Officer	$154,850	$0	$154,850

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	$9,049,079	$8,980,508	$17,769,542	$68,571
2024	$9,073,075	$9,189,609	$19,239,603	$-116,534
2023	$8,828,981	$9,942,342	$23,337,398	$-1,113,361
2022	$13,817,107	$11,932,278	$21,623,935	$1,884,829
2021	$11,855,493	$12,110,414	$20,310,204	$-254,921
2020	$11,718,998	$12,204,439	$20,337,051	$-485,441
2019	$11,258,032	$11,151,877	$18,356,882	$106,155

GEORGIA MAGNET CHARTER SCHOOLS FOUNDATIONS CORP