Gate City Foundation Inc (EIN 760772284) - 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

1982

Legal Domicile

Principal Officer

JATREAN M SANDERS

Phone

4044196627

Tax Period

2024-01-01 to 2024-12-31

Gate City Foundation Inc, founded in 1982, is a small nonprofit in the Crime & Legal sector that reported $228K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

The Foundation provides Scholarshiops to deserving Georgia laws school students and Georgia residents enrolled in out of state law schools, who embody the mission of the Gate City Foundation, Inc.

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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 $227,981

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $227,981

Expense Breakdown

Grants Paid $70,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $216,742

Other Expenses $174,141

TOTAL EXPENSES $244,141

Year-over-Year Comparison

	2024	2023	Change
Revenue	$227,981	$301,039	-0.2%
Expenses	$244,141	$268,158	-0.1%
Net Income	$-16,160	$32,881	-1.5%

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

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
Candis R Jones Smith	Board Member	0.25	Director	$0	$0	$0
Cameron D Hawkins	Board Member	0.25	Director	$0	$0	$0
Kevin Coleman Jr	Chairman	0.50	Director	$0	$0	$0
Pierce Hand Seitz	Board Member	0.25	Director	$0	$0	$0
N John Bey	Board Member	0.25	Director	$0	$0	$0
Cheryl F Turner	Board Member	0.25	Director	$0	$0	$0
Christopher E Bruce	Board Member	0.25	Director	$0	$0	$0
Caren E Cloud	Board Member	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	$227,981	$244,141	$357,874	$-16,160
2023	$301,039	$268,158	$374,034	$32,881
2022	$217,101	$152,471	$341,153	$64,630
2021	$38,850	$50,870	$276,523	$-12,020
2020	$38,375	$48,955	$294,543	$-10,580

Gate City Foundation Inc