Griffin Spalding Business and Tourism Assoc Inc

Nonprofit profile at a glance

EIN
815046044
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
Griffin, GA, USA
Phone
4045124552
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$275,452
Expenses
$286,501
Assets
$578,996
Liabilities
$550

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

People named in this filing

  • CYNTHIA REID-WARD (DIRECTOR)
  • THOMAS J IMBERGER Jr (VICE-CHAIRPERSON)
  • BETH HORNE (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

To promote tourism in griffin spalding and city through sponsoring: 1) advertising media schedule support for local festivals and events that build hotel/motel stays and generate new economic impact in the community: doc holiday festival https://www.dochollidayfest.com/ association of pickle ball professionals tour stop atlanta metro open https://apptour.org/tournaments/ national sporting clays association sanctioned shoot frazier 500 https://crclays.com/nsca-events/ 2) local infrastructure that improves guest experiences and/or provides tourism content to promote: sound system for downtown historic district rosenwald school renovation https://ced.uga.edu/pso/charrettes/images/fairmontcommunity-griffin-charrette2014final-webversion .pdf evaluations for creating new historic district designations via the griffin-spalding historical society http://www.griffinhistory.com/ campus contribution for university of Georgia griffin campus for worldwide guest tourism of research & development capabilities https://www.griffin.uga.edu/about/uga-griffin 3) planning, strategy, creative direction for the ongoing griffinspalding tourism campaign. This was a 3-year commitment to research, strategize & ideate an appropriate brand and a plan, then recruit a virtual team of creative professionals (six companies), then direct the team to implement the plan which now drives traffic to a new central repository website that features all things to see and do in the area. ? Website www.ingriffin.com ? Instagram https://www.instagram.com/ingriffinga/ ? Youtube https://www.youtube.com/channel/uc-pjgbwqvifuedfi0ibex1a

Operating model

Revenue model
Grant-funded. 100% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 100
  • Accountability: 82
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.4%; rating input score 99
  • Program expense ratio: 95.6%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -4%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 2.02; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 56; 56th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 26.4% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 2.9% per year; rating input score 100; 40th percentile among comparable filings
  • Asset growth: 3.1% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: 99.4% of revenue deployed · 95.6% of spending went to programs
  • Governance: 9 of 9 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $274K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • Moderate — Sustainability: Operating margin scored 31/100.
  • Review — Sustainability: Total-asset coverage ratio scored 59/100.
  • Review — Sustainability: Liabilities to assets ratio scored 56/100.