FBNEGA TITLE HOLDING COMPANY

EIN: 813878573

ATHENS, GA

Total Revenue
$7,387,056
Total Expenses
$6,404,712
Total Assets
N/A
Net Assets
N/A
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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
2016
Legal Domicile
GA
Principal Officer
ERIN BARGER
Tax Period
2023-07-01 to 2024-06-30

FBNEGA TITLE HOLDING COMPANY, founded in 2016, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2023. Revenue surged 7457% from the prior year, signaling strong growth momentum. Expenses of $6.4M left a modest 13% surplus.

Mission

THE ORGANIZATION IS A QUALIFIED ACTIVE LOW INCOME COMMUNITY BUSINESS (QALICB) FOR NEW MARKETS TAX CREDIT PURPOSES. THE PRIMARY MISSION OF THE CORPORATION IS HOLDING TITLE TO PROPERTY, COLLECTING INCOME FROM THAT PROPERTY, AND TURNING OVER THE ENTIRE AMOUNT OF SUCH INCOME, LESS EXPENSES, TO THE FOOD BANK OF NORTHEAST GEORGIA, INC, AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX PURSUANT TO SECTION 501(C)(3)

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $36,899
Investment Income $7,350,157
Other Revenue $0
TOTAL REVENUE $7,387,056

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $6,404,712
TOTAL EXPENSES $6,404,712

Year-over-Year Comparison

2023 2022 Change
Revenue $7,387,056 $97,746 +74.6%
Expenses $6,404,712 $429,898 +13.9%
Net Income $982,344 $-332,152 -4.0%
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

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Governance

Voting Members
13
Independent Members
13
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
4
$157,800
Total Directors
14
$157,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIN BARGER EXECUTIVE DI 40.00
Officer Director
$0 $15,030 $157,800
CSHANYSE ALLEN DIRECTOR 1.00
Director
$0 $0 $0
DON BARBER DIRECTOR 1.00
Director
$0 $0 $0
RYAN DOBRIN DIRECTOR 1.00
Director
$0 $0 $0
EMILY ESCOE SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN GRAHAM DIRECTOR 1.00
Director
$0 $0 $0
TINO JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
BILLY PORTER DIRECTOR 1.00
Director
$0 $0 $0
SEKHAR REBALA DIRECTOR 1.00
Director
$0 $0 $0
LEE ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
THOMAS SETTLES DIRECTOR 1.00
Director
$0 $0 $0
LEIGH SIMPSON TREASURER 1.00
Officer Director
$0 $0 $0
JOHN TEBEAU CHAIRMAN 1.00
Officer Director
$0 $0 $0
THERESA WRIGHT DIRECTOR 1.00
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 $7,387,056 $6,404,712 No data $982,344
2023 $97,746 $429,898 $6,368,656 $-332,152
2022 $97,746 $359,115 $6,700,808 $-261,369
2021 $97,422 $473,272 $6,962,177 $-375,850
2020 $98,300 $394,830 $7,338,027 $-296,530
2019 $98,353 $387,098 $7,634,557 $-288,745
2018 $98,109 $379,105 $7,923,302 $-280,996
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