CHARLESTON SCHOOL OF LAW FOUNDATION INC (EIN 200596694) - 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

2003

Legal Domicile

Principal Officer

HAL COBB

Phone

8433291000

Tax Period

2023-01-01 to 2023-12-31

CHARLESTON SCHOOL OF LAW FOUNDATION INC, founded in 2003, is a small nonprofit in the Education sector that reported $280K in total revenue in fiscal year 2023. Revenue surged 289% from the prior year, signaling strong growth momentum. The organization ran a surplus of $265K, a strong 95% operating margin.

Mission

THE MISSION OF THE CHARLESTON SCHOOL OF LAW FOUNDATION INC IS TO ENCOURAGE AND ASSIST THE STUDY, TEACHING, PROMOTING AND RESEARCH OF THE RULE OF LAW IN CHARLESTON, SOUTH CAROLINA AND ALL RELATED SUBJECT AREAS AS DETERMINED BY THE BOARD OF DIRECTORS.

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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 $124,958

Program Service Revenue $0

Investment Income $155,119

Other Revenue $0

TOTAL REVENUE $280,077

Expense Breakdown

Grants Paid $5,963

Salaries & Benefits $0

Fundraising Expenses $574

Program Expenses $6,873

Other Expenses $9,256

TOTAL EXPENSES $15,219

Year-over-Year Comparison

	2023	2022	Change
Revenue	$280,077	$72,054	+2.9%
Expenses	$15,219	$51,613	-0.7%
Net Income	$264,858	$20,441	+12.0%

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

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
ANDREW J MCCUMBER	DIRECTOR	1.00	Director	$0	$0	$0
LEXUS SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN G TAFT	DIRECTOR	1.00	Director	$0	$0	$0
DYLAN BITAR	DIRECTOR	1.00	Director	$0	$0	$0
JODY A CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
LAURA HOLLOWAY	DIRECTOR	1.00	Director	$0	$0	$0
HAL E COBB	CHAIRMAN	4.00	Officer Director	$0	$0	$0
MAVIS G HUGER	SECRETARY	4.00	Officer Director	$0	$0	$0
JOSH SALLEY	TREASURER	4.00	Officer Director	$0	$0	$0
SOPHIE DIEKHAUS	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$280,077	$15,219	$1,305,330	$264,858
2022	$72,054	$51,613	$1,039,302	$20,441
2021	$175,000	$134,837	$1,169,776	$40,163
2020	$117,161	$141,067	$1,005,046	$-23,906
2019	$145,402	$139,025	$963,697	$6,377
2018	$116,508	$120,919	$861,376	$-4,411

CHARLESTON SCHOOL OF LAW FOUNDATION INC