COBB COUNTY PUBLIC SAFETY FOUNDATION INC (EIN 831679641) - 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

2018

Legal Domicile

Principal Officer

LANCE J LORUSSO

Phone

7706442378

Tax Period

2024-01-01 to 2024-12-31

COBB COUNTY PUBLIC SAFETY FOUNDATION INC, founded in 2018, is a small nonprofit that reported $110K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $143K exceeded revenue, resulting in a 30% operating deficit.

Mission

THE ORGANIZATION EXISTS TO PROMOTE AND PROVIDE SUPPORT FOR THE COBB COUNTY PUBLIC SAFETY AGENCIES AND EMPLOYEES IN THE FORM OF FUNDING, EVENTS, EQUIPMENT AND TRAINING IN ORDER TO PROVIDE THE COMMUNITY WITH THE HIGHEST LEVEL OF PROTECTION.

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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 $117,648

Program Service Revenue $0

Investment Income $19,900

Other Revenue $-27,290

TOTAL REVENUE $110,258

Expense Breakdown

Grants Paid $82,776

Salaries & Benefits $0

Fundraising Expenses $33,363

Program Expenses $90,819

Other Expenses $29,611

TOTAL EXPENSES $143,387

Year-over-Year Comparison

	2024	2023	Change
Revenue	$110,258	$199,900	-0.4%
Expenses	$143,387	$93,381	+0.5%
Net Income	$-33,129	$106,519	-1.3%

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
LANCE J LORUSSO	CEO	5.00	Officer Director	$0	$0	$0
WILLIAM R ASBELL JR	CFO	3.00	Officer Director	$0	$0	$0
TODD BAILEY	DIRECTOR	0.25	Director	$0	$0	$0
KEVIN BOUTWELL	DIRECTOR	0.25	Director	$0	$0	$0
JAY CUNNINGHAM	DIRECTOR	0.25	Director	$0	$0	$0
KATIE GUICE	DIRECTOR	0.25	Director	$0	$0	$0
SUSAN HAMPTON	DIRECTOR	0.25	Director	$0	$0	$0
BRIAN HENDERSON	DIRECTOR	0.25	Director	$0	$0	$0
STEVE JOHNSON	DIRECTOR	0.25	Director	$0	$0	$0
CHRIS LEGGETT	DIRECTOR	0.25	Director	$0	$0	$0
SHARON MASON	DIRECTOR	0.25	Director	$0	$0	$0
SAMUEL OLENS	DIRECTOR	0.25	Director	$0	$0	$0
PETE QUINONES	DIRECTOR	0.25	Director	$0	$0	$0
MIKE SCHROEDER	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	$110,258	$143,387	$410,010	$-33,129
2023	$199,900	$93,381	$443,139	$106,519
2022	$220,254	$131,007	$336,620	$89,247

COBB COUNTY PUBLIC SAFETY FOUNDATION INC