GILMER INDUSTRIAL FOUNDATION INC (EIN 751908534) - 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

1961

Legal Domicile

Principal Officer

PETE HERRMANN

Phone

9037907629

Tax Period

2024-07-01 to 2025-06-30

GILMER INDUSTRIAL FOUNDATION INC, founded in 1961, is a small nonprofit that reported $124K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

BUSINESS DEVELOPMENT.

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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 $0

Program Service Revenue $0

Investment Income $126,061

Other Revenue $-2,186

TOTAL REVENUE $123,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,875	$107,959	+0.1%
Expenses	N/A	$42,758	-1.0%
Net Income	N/A	$65,201	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BART AUSTIN	DIRECTOR	N/A	Director	$0	$0	$0
CHARLIE CANO	DIRECTOR	N/A	Director	$0	$0	$0
JOHN DEAN	DIRECTOR	N/A	Director	$0	$0	$0
BEN DODD	DIRECTOR	N/A	Director	$0	$0	$0
JANICE GAGE	DIRECTOR	N/A	Director	$0	$0	$0
JOHN MCWHORTER	DIRECTOR	N/A	Director	$0	$0	$0
LARRY MORSE	DIRECTOR	N/A	Director	$0	$0	$0
BARRY SMITH	DIRECTOR	N/A	Director	$0	$0	$0
HADDEN STARNES	DIRECTOR	N/A	Director	$0	$0	$0
DAVID STEVENSON	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT WALKER	DIRECTOR	N/A	Director	$0	$0	$0
PETE HERRMANN	TREASURER	N/A	Officer	$0	$0	$0
DANNY WEEMS	PRESIDENT	N/A	Officer	$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
2025	$123,875	No data	$1,157,780	No data
2024	$107,959	$42,758	$1,033,905	$65,201
2023	$-31,779	$43,816	$1,613,914	$-75,595
2022	$-25,399	$724	$1,604,299	$-26,123
2021	$-15,844	$9,309	$1,187,402	$-25,153
2020	$-24,059	$2,747	$1,225,081	$-26,806
2019	$-19,987	$2,319	$1,251,887	$-22,306

GILMER INDUSTRIAL FOUNDATION INC