SECURING ASSETS FOR EDUCATION

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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

2003

Legal Domicile

Principal Officer

SHAWAN GILLIANS

Phone

8438998658

Tax Period

2023-07-01 to 2024-06-30

SECURING ASSETS FOR EDUCATION, founded in 2003, is a major nonprofit in the Education sector that reported $183.2M in total revenue in fiscal year 2023. Revenue surged 478% from the prior year, signaling strong growth momentum.

Mission

ORGANIZED TO CONSTRUCT AND RENOVATE BERKELEY COUNTY SCHOOL DISTRICT FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $182,044,844 Revenue: $182,759,637

SECURING ASSETS FOR EDUCATION IS ORGANIZED EXCLUSIVELY TO (1) ACQUIRE, CONSTRUCT, FINANCE, PLEDGE, IMPROVE, MAINTAIN, OPERATE, MANAGE, LEASE, AND DISPOSE OF SCHOOL BUILDINGS AND OTHER PUBLIC...

SECURING ASSETS FOR EDUCATION IS ORGANIZED EXCLUSIVELY TO (1) ACQUIRE, CONSTRUCT, FINANCE, PLEDGE, IMPROVE, MAINTAIN, OPERATE, MANAGE, LEASE, AND DISPOSE OF SCHOOL BUILDINGS AND OTHER PUBLIC EDUCATION FACILITIES FOR THE USE AND BENEFIT OF THE BERKELEY COUNTY SCHOOL DISTRICT AND (2) ENCOURAGE AND PROMOTE PUBLIC EDUCATION THROUGH COOPERATIVE ARRANGEMENTS WITH GOVERNMENTAL ENTITIES AND ORGANIZATIONS EXEMPT UNDER SEC. 501(C)(3) OF THE INTERNAL REVENUE CODE THAT PROVIDE PUBLIC EDUCATION IN BERKELEY COUNTY, SC.

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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 $0

Program Service Revenue $182,759,637

Investment Income $438,316

Other Revenue $0

TOTAL REVENUE $183,197,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $182,044,844

Other Expenses $182,056,844

TOTAL EXPENSES $182,056,844

Year-over-Year Comparison

	2023	2022	Change
Revenue	$183,197,953	$31,709,846	+4.8%
Expenses	$182,056,844	$30,745,309	+4.9%
Net Income	$1,141,109	$964,537	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY CALVERT	DIRECTOR	0.10	Director	$0	$0	$0
SHAWAN GILLIANS	PRESIDENT	0.10	Officer Director	$0	$0	$0
LISA KERNS	SECRETARY/ T	0.10	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	$183,197,953	$182,056,844	$161,044,409	$1,141,109
2023	$31,709,846	$30,745,309	$185,977,668	$964,537
2022	$22,813,552	$22,099,883	$210,128,635	$713,669
2021	$7,774,514	$8,404,510	$221,693,651	$-629,996
2020	$9,509,622	$9,557,999	$231,896,027	$-48,377
2019	$9,022,050	$9,060,639	$232,955,331	$-38,589
2018	$15,308,334	$15,308,334	$239,223,000	No data