SCAGO EFC Beaufort County School D… - 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

2005

Legal Domicile

Phone

8433222397

Tax Period

2024-07-01 to 2025-06-30

SCAGO EFC Beaufort County School District, founded in 2005, is a mid-sized nonprofit that reported $12.6M in total revenue in fiscal year 2024. Revenue surged 397% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.6M, a strong 100% operating margin.

Mission

THE CORPORATION WAS FORMED FOR EDUCATIONAL AND CHARITABLE PURPOSES, SPECIFICALLY TO UNDERTAKE CERTAIN OBLIGATIONS WITH RESPECT TO THE ACQUISITION OR SALE OF REAL AND/OR PERSONAL PROPERTY IN CONNNECTION WITH THE DESIGN, CONSTRUCTION, OPERATION, FINANCING, AND REFINANCING OF EDUCATION FACILITIES TO BE USED BY THE BEAUFORT COUNTY SCHOOL DISTRICT AND SUCH OTHER PROJECTS LOCATED IN AND FOR THE BENEFIT OF THE SCHOOL DISTRICT AS MAY BE PERMITTED BY APPLICABLE LAW.

Program Service Accomplishments

Program 1

Expenses: $23,365 Revenue: $12,616,998

PURSUANT TO THE FACILITIES AGREEMENT, THE SCHOOL DISTRICT PURCHASED THE FACILITIES INCREMENTALLY FROM THE EFC. ALSO, PURSUANT TO THE FACILITIES AGREEMENT AND SUBJECT TO THE RIGHT OF...

PURSUANT TO THE FACILITIES AGREEMENT, THE SCHOOL DISTRICT PURCHASED THE FACILITIES INCREMENTALLY FROM THE EFC. ALSO, PURSUANT TO THE FACILITIES AGREEMENT AND SUBJECT TO THE RIGHT OF NON-APPROPRIATION, THE SCHOOL DISTRICT MADE INSTALLMENTS PAYMENT OF PURCHASE PRICE (LEASE RENTAL PAYMENTS) TO THE EFC IN AMOUNTS CALCULATED TO BE SUFFICIENT TO ENABLE THE EFC TO PAY THE PRINCIPAL AND INTEREST ON THE OUTSTANDING SERIES 2016 BONDS. ON JANUARY 29, 2024, PURSUANT TO A PREPAYMENT AGREEMENT AMONG THE EFC, THE SCHOOL DISTRICT AND DNT ASSET TRUST, THE HOLDER OF THE SERIES 2016 BONDS, THE EFC AND THE SCHOOL DISTRICT PREPAID ALL AMOUNTS DUE INCLUDING PRINCIPAL AND INTEREST ON THE SERIES 2016 BONDS. UPON THE PREPAYMENT, ALL OF THE FINANCING DOCUMENTS USED IN CONNECTION WITH THE ISSUANCE OF THE SERIES 2016 BONDS, INCLUDING BUT NOT LIMITED TO THE FACILITIES AGREEMENT, WERE TERMINATED. THE SCHOOL DISTRICT AND THE EFC NO LONGER HAVE ANY FINANCIAL OR LEGAL OBLIGATIONS PURSUANT TO THE FACILITIES AGREEMENT OR ANY OTHER FINANCING DOCUMENT REFERENCED ABOVE. IT IS ANTICIPATED THAT THE EFC WILL BE DISSOLVED PRIOR TO JUNE 30, 2025. ANY CORPORATE ASSETS REMAINING WILL BE TRANSFERRED TO THE SCHOOL DISTRICT DURING THE DISSOLUTION PROCESS.

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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 $0

Program Service Revenue $12,616,998

Investment Income $405

Other Revenue $0

TOTAL REVENUE $12,617,403

Expense Breakdown

Grants Paid $23,365

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,365

Other Expenses $4,510

TOTAL EXPENSES $27,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,617,403	$2,536,843	+4.0%
Expenses	$27,875	$15,145,963	-1.0%
Net Income	$12,589,528	$-12,609,120	-2.0%

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

$261,247

Total Directors

$685,764

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J BROCK HERON	VICE PRESIDENT	0.5	Officer Director	$0	$0	$0
JOHN K GARDNER	PRESIDENT	0.5	Officer Director	$0	$0	$0
TONYA CROSBY	SECRETARY/TREASURER	0.5	Officer Director	$0	$73,881	$261,247
FRANK RODRIGUEZ	DIRECTOR	0.5	Director	$0	$98,621	$424,517
MISSY CAMPBELL	DIRECTOR	0.5	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	$12,617,403	$27,875	No data	$12,589,528
2024	$2,536,843	$15,145,963	$27,470	$-12,609,120
2023	$572,582	$575,401	$14,784,592	$-2,819
2022	$633,392	$641,747	$16,997,411	$-8,355
2021	$690,219	$696,627	$19,155,766	$-6,408
2020	$739,743	$746,318	$21,257,174	$-6,575
2019	$797,448	$797,448	$23,316,549	No data
2018	$767,935	$836,960	$25,318,352	$-69,025

SCAGO EFC Beaufort County School District