SCAGO EFC FOR COLLETON SCHOOL DIST… - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

JOHN K GARDNER

Phone

8037999800

Tax Period

2022-07-01 to 2023-06-30

SCAGO EFC FOR COLLETON SCHOOL DISTRICT C/O RAMONA BARRETT ACCOUNTANT CPO, founded in 2006, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2022. Expenses of $2.5M exceeded revenue, resulting in a 43% operating deficit.

Mission

THE CORPORATION WAS FORMED FOR EDUCATIONAL AND CHARITABLE PURPOSES, SPECIFICALLY TO ACQUIRE OR LEASE REAL AND/OR PERSONAL PROPERTY AND DEVELOP, FINANCE, REFINANCE, CONSTRUCT, ACQUIRE, INSTALL AND OPERATE CERTAIN EDUCATIONAL FACILITIES TO BE USED BY THE SCHOOL DISTRICT OF COLLETON COUNTY, SOUTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $2,495,321 Revenue: $1,742,290

THE SCAGO EDUCATIONAL FACILITIES CORPORATION FOR COLLETON SCHOOL DISTRICT (THE "EFC") ISSUED INSTALLMENT REVENUE BONDS ON DECEMBER 28, 2006 TO FINANCE THE COST OF ACQUIRING, CONSTRUCTING, AND...

THE SCAGO EDUCATIONAL FACILITIES CORPORATION FOR COLLETON SCHOOL DISTRICT (THE "EFC") ISSUED INSTALLMENT REVENUE BONDS ON DECEMBER 28, 2006 TO FINANCE THE COST OF ACQUIRING, CONSTRUCTING, AND RENOVATING EDUCATIONAL FACILITIES TO BE SOLD BY THE EFC TO THE COLLETON SCHOOL DISTRICT. THE 2006 BONDS HAVE BEEN REFUNDED BY THE 2015 BONDS. ON AN ANNUAL BASIS, THE COLLETON SCHOOL DISTRICT WILL ISSUE GENERAL OBLIGATION DEBT AND THE COUNTY WILL LEVY TAXES IN AMOUNTS SUFFICIENT TO PAY THE INSTALLMENTS DUE OF THE EFC INSTALLMENT REVENUE BONDS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,742,290

Investment Income $7

Other Revenue $0

TOTAL REVENUE $1,742,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,495,321

Other Expenses $2,495,321

TOTAL EXPENSES $2,495,321

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,742,297	$1,743,670	0.0%
Expenses	$2,495,321	$2,668,844	-0.1%
Net Income	$-753,024	$-925,174	-0.2%

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

$153,833

Total Directors

$392,816

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAMONA BARRETT	SECRETARY/TREASURER	0.50	Officer Director	$0	$43,435	$153,833
VALLERIE CAVE	DIRECTOR	0.50	Director	$0	$58,478	$238,983
JOHN K GARDNER	PRESIDENT	0.50	Officer Director	$0	$0	$0
J BROCK HERON	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
DONNIE W WILSON	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$1,742,297	$2,495,321	$44,655,193	$-753,024
2022	$1,743,670	$2,668,844	$49,638,217	$-925,174
2021	$1,718,788	$2,855,985	$54,588,391	$-1,137,197
2020	$292,458	$1,601,906	$59,560,588	$-1,309,448
2019	$3,189,637	$3,189,637	$64,560,036	No data
2018	$12	$78,664	$99,997,726	$-78,652

SCAGO EFC FOR COLLETON SCHOOL DISTRICT C/O RAMONA BARRETT ACCOUNTANT CPO