GRSP FOUNDATION INC (EIN 850868798) - 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

2020

Legal Domicile

Principal Officer

WILLIAM T ADKINS JR

Phone

4044056806

Tax Period

2023-07-01 to 2024-06-30

GRSP FOUNDATION INC, founded in 2020, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $722K, a strong 56% operating margin.

Mission

TO SUPPORT AND CARRY OUT FUNCTIONS THAT ARE ESSENTIAL AND INTEGRAL TO THE ACCOMPLISHMENT OF THE EXEMPT PURPOSES OF ROTARY, TO SUPPORT THE GEORGIA ROTARY STUDENT PROGRAM BY ENGAGING IN FUND MANAGEMENT, FUNDRAISING, AND GRANT-MAKING, ALL TO SUPPORT ROTARY'S CHARITABLE STUDENT PROGRAMS.

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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 $137,615

Program Service Revenue $0

Investment Income $1,148,057

Other Revenue $0

TOTAL REVENUE $1,285,672

Expense Breakdown

Grants Paid $500,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $500,000

Other Expenses $63,702

TOTAL EXPENSES $563,702

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,285,672	$941,389	+0.4%
Expenses	$563,702	$615,259	-0.1%
Net Income	$721,970	$326,130	+1.2%

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
ELENI BAFAS	SECRETARY	2.00	Officer Director	$0	$0	$0
JIM DRAKE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JOE JONES	DIRECTOR	2.00	Officer Director	$0	$0	$0
WILLIAM T ADKINS JR	PRESIDENT	2.00	Officer Director	$0	$0	$0
BLAKE MCBURNEY	DIRECTOR	2.00	Director	$0	$0	$0
BETH SIKES	DIRECTOR	2.00	Director	$0	$0	$0
HAMSA THOTA	TREASURER	2.00	Officer 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
2025	No data	No data	No data	No data
2024	$1,285,672	$563,702	$16,653,277	$721,970
2023	$941,389	$615,259	$15,931,307	$326,130
2022	$1,060,324	$599,644	$15,605,177	$460,680
2021	$1,128,818	$175,500	$17,809,064	$953,318

GRSP FOUNDATION INC