Southgate Foundation Inc (EIN 760352686) - 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

1992

Legal Domicile

Principal Officer

Kathleen McGarry

Phone

7135249782

Tax Period

2023-01-01 to 2023-12-31

Southgate Foundation Inc, founded in 1992, is a small nonprofit in the Religion sector that reported $670K in total revenue in fiscal year 2023. Net assets of $1.6M represent 29 months of operating reserves.

Mission

Provide religious and educational services through such specific program activities as classes in Christian doctrine, seminars on professional and social ethics, and other matters of cultural interest: retreats, days of reflection, liturgical services, individual spiritual and moral counseling, etc.

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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 $591,231

Program Service Revenue $73,141

Investment Income $0

Other Revenue $5,465

TOTAL REVENUE $669,837

Expense Breakdown

Grants Paid $477,228

Salaries & Benefits $21,326

Fundraising Expenses $0

Program Expenses $653,830

Other Expenses $164,320

TOTAL EXPENSES $662,874

Year-over-Year Comparison

	2023	2022	Change
Revenue	$669,837	$645,740	+0.0%
Expenses	$662,874	$576,828	+0.1%
Net Income	$6,963	$68,912	-0.9%

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

$4,000

Total Directors

$4,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathleen McGarry	President	40.00	Officer Director	$4,000	$0	$4,000
Denise Brisson	Vice President	0.50	Officer Director	$0	$0	$0
Laura Roman	Treasurer	2.00	Officer Director	$0	$0	$0
Patricia Keefe	Director	0.25	Director	$0	$0	$0
Mary Ellen Cook	Director	0.25	Director	$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	$669,837	$662,874	$1,781,029	$6,963
2022	$645,740	$576,828	$1,897,052	$68,912
2021	$572,519	$564,441	$1,715,007	$8,078
2020	$537,452	$442,766	$1,749,694	$94,686

Southgate Foundation Inc