SOWEGA Rising (EIN 832761941) - 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

2019

Legal Domicile

Principal Officer

SHERRELL BYRD

Phone

2298461177

Tax Period

2023-01-01 to 2023-12-31

SOWEGA Rising, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $627K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $561K left a modest 11% surplus.

Mission

We mobilize people and resources to improve the wellbeing quality of life and political power of marginalized Southwest Georgians

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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 $626,030

Program Service Revenue $0

Investment Income $0

Other Revenue $900

TOTAL REVENUE $626,930

Expense Breakdown

Grants Paid $5,675

Salaries & Benefits $243,690

Fundraising Expenses $0

Program Expenses $3,975

Other Expenses $311,721

TOTAL EXPENSES $561,086

Year-over-Year Comparison

	2023	2022	Change
Revenue	$626,930	$765,436	-0.2%
Expenses	$561,086	$280,931	+1.0%
Net Income	$65,844	$484,505	-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

N/A

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

$80,000

Total Directors

$80,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRELL BYRD	Executive Director	N/A	Officer Director	$80,000	$0	$80,000
AMNA FAROOQI	Chair Emeritus	N/A	Officer	$0	$0	$0
MICHAEL HARPER	Board Chair	N/A	Officer	$0	$0	$0
CLINTON BANKS VICKS	CFO	N/A	Officer	$0	$0	$0
ALANA SIMMONS	Board Secretary	N/A	Officer	$0	$0	$0
MAGGIE BOXEY	Board Member	N/A	Officer	$0	$0	$0
DR KIZZIE DONALDSON-RICHARD	Board Member	N/A	Officer	$0	$0	$0
COREY MORGAN	Board Member	N/A	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
2024	No data	No data	No data	No data
2023	$626,930	$561,086	$822,485	$65,844
2022	$765,436	$280,931	$665,099	$484,505
2021	$256,948	$191,019	$272,045	$65,929

SOWEGA Rising