GRIFFIN SPALDING BUSINESS AND TOURISM ASSOC INC (EIN 815046044) - 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

2016

Legal Domicile

Principal Officer

BONITA PFROGNER PRES

Tax Period

2023-07-01 to 2024-06-30

GRIFFIN SPALDING BUSINESS AND TOURISM ASSOC INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $225K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $356K exceeded revenue, resulting in a 59% operating deficit.

Mission

TO PROMOTE BUSINESS, TOURISM, TRADE, AND CONVENTIONS FOR THE CITY OF GRIFFIN AND SPALDING COUNTY, GEORGIA. TO STUDY, INVESTIGATE, AND DEVELOP PLANS FOR IMPROVING BUSINESS AND TOURISM IN THE CITY AND COUNTY AND TO IMPLEMENT SUCH PLANS IN ORDER TO ATTRACT BUSINESSES AND VISITORS.

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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 $224,519

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $224,519

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $333,425

Other Expenses $356,293

TOTAL EXPENSES $356,293

Year-over-Year Comparison

	2023	2022	Change
Revenue	$224,519	$269,987	-0.2%
Expenses	$356,293	$236,713	+0.5%
Net Income	$-131,774	$33,274	-5.0%

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

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
ROBERT M WORLEY	DIRECTOR	7.00	Director	$0	$0	$0
THOMAS J IMBERGER JR	DIRECTOR	2.00	Director	$0	$0	$0
ROSS DEBONO	DIRECTOR	2.00	Director	$0	$0	$0
VERA F MCINTOSH	DIRECTOR	2.00	Director	$0	$0	$0
CYNTHIA REID-WARD	DIRECTOR	2.00	Director	$0	$0	$0
YASMEEN HOWARD	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM BRUCE BALLARD	SECRETARYTREASURER	7.00	Officer	$0	$0	$0
BONITA PFROGNER	CHAIRMAN	3.00	Officer	$0	$0	$0
GWEN FLOWERS-TAYLOR	VICE CHAIR	3.00	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	No data	No data	No data	No data
2024	$224,519	$356,293	$589,495	$-131,774
2023	$269,987	$236,713	$721,819	$33,274
2022	$253,023	$181,112	$688,545	$71,911
2021	$166,184	$136,638	$621,354	$29,546
2020	$206,153	$60,180	$586,538	$145,973
2019	$259,404	$66,452	$442,753	$192,952

GRIFFIN SPALDING BUSINESS AND TOURISM ASSOC INC