CHARLESTON DIGITAL CORRIDOR FOUNDATION (EIN 200836170) - 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

2004

Legal Domicile

Principal Officer

ERNEST ANDRADE

Phone

8435797508

Tax Period

2023-01-01 to 2023-12-31

CHARLESTON DIGITAL CORRIDOR FOUNDATION, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $791K, a strong 35% operating margin.

Mission

TO ATTRACT, NURTURE, AND PROMOTE CHARLESTON'S KNOWLEDGE-BASED ECONOMY.

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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 $899,748

Program Service Revenue $1,225,665

Investment Income $103,512

Other Revenue $46,674

TOTAL REVENUE $2,275,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $309,701

Fundraising Expenses $37,765

Program Expenses $1,285,716

Other Expenses $1,174,926

TOTAL EXPENSES $1,484,627

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,275,599	$1,807,785	+0.3%
Expenses	$1,484,627	$1,572,419	-0.1%
Net Income	$790,972	$235,366	+2.4%

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

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

$222,802

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM WILSON	BOARD MEMBER	0.50	Director	$0	$0	$0
JOE BRYAN	VICE CHAIRMAN & SECRETARY	0.50	Officer Director	$0	$0	$0
TODD LANT	CHAIRMAN & TREASURER	0.50	Officer Director	$0	$0	$0
DR JENNIFER ALBERTY	BOARD MEMBER	0.50	Director	$0	$0	$0
JONATHAN YANTIS	BOARD MEMBER	0.50	Director	$0	$0	$0
VERNON MATHIAS	BOARD MEMBER	0.50	Director	$0	$0	$0
MATT FROHLICH	BOARD MEMBER	0.50	Director	$0	$0	$0
ERNEST ANDRADE	EXECUTIVE DIRECTOR	40.00	Officer	$216,458	$6,344	$222,802

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	$2,275,599	$1,484,627	$4,180,854	$790,972
2022	$1,807,785	$1,572,419	$3,396,246	$235,366
2021	$1,856,948	$1,203,691	$3,145,091	$653,257
2020	$1,468,608	$1,141,425	$2,479,454	$327,183
2019	$1,621,543	$1,058,553	$2,133,470	$562,990
2018	$1,020,759	$842,748	$1,512,927	$178,011

CHARLESTON DIGITAL CORRIDOR FOUNDATION