GEORGIA INNOCENCE PROJECT INC (EIN 753018448) - 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

2002

Legal Domicile

Principal Officer

KRISTIN VERRILL

Phone

4043734433

Tax Period

2024-07-01 to 2025-06-30

GEORGIA INNOCENCE PROJECT INC, founded in 2002, is a community nonprofit in the Crime & Legal sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $276K, a strong 16% operating margin.

Mission

TO CORRECT AND PREVENT WRONGFUL CONVICTIONS IN GEORGIA, AND TO ASSIST THE EXONERATED WITH REBUILDING THEIR LIVES IN FREEDOM.

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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 $1,705,233

Program Service Revenue $0

Investment Income $556

Other Revenue $3,162

TOTAL REVENUE $1,708,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,044,844

Fundraising Expenses $271,989

Program Expenses $845,269

Other Expenses $387,690

TOTAL EXPENSES $1,432,534

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,708,951	$1,499,440	+0.1%
Expenses	$1,432,534	$1,444,921	0.0%
Net Income	$276,417	$54,519	+4.1%

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

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

$134,869

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARE GILBERT	PAST ED	40.00	Officer	$132,488	$2,381	$134,869
ALAN ESSIG	Chairman	2.00	Officer Director	$0	$0	$0
KENNETH BROWN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MATTHEW HOLBROOK	Treasurer	1.00	Officer Director	$0	$0	$0
JUDITH JOHNSON	Secretary	1.00	Officer Director	$0	$0	$0
ARMEN ADZHEMYAN	Director	1.00	Director	$0	$0	$0
KENNY BAER	Director	1.00	Director	$0	$0	$0
LAURY BAGEN	Director	1.00	Director	$0	$0	$0
JEFF BRICKMAN	Director	1.00	Director	$0	$0	$0
SUSAN CLARE	Director	1.00	Director	$0	$0	$0
DAVIS HAYDEN	Director	1.00	Director	$0	$0	$0
DAVID SAMAT	Director	1.00	Director	$0	$0	$0
JULIE SEAMAN	Director	1.00	Director	$0	$0	$0
BRANDON WADDELL	Director	1.00	Director	$0	$0	$0
KRISTIN VERRILL	Executive Dir.	40.00	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	$1,708,951	$1,432,534	$1,238,065	$276,417
2024	$1,499,440	$1,444,921	$1,057,015	$54,519
2023	$1,249,858	$1,699,682	$1,232,781	$-449,824
2022	$1,362,331	$1,423,864	$1,225,914	$-61,533
2022	$1,377,016	$1,513,193	$1,223,041	$-136,177
2021	$1,391,620	$1,136,245	$1,300,689	$255,375
2020	$1,295,776	$812,324	$1,098,360	$483,452
2019	$764,950	$486,417	$519,950	$278,533
2018	$315,478	$282,719	$232,613	$32,759

GEORGIA INNOCENCE PROJECT INC