GRAND STRAND BUSINESS ALLIANCE

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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

STEVE CHAPMAN

Phone

8434496406

Tax Period

2025-01-01 to 2025-12-31

GRAND STRAND BUSINESS ALLIANCE, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $508K in total revenue in fiscal year 2025. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $652K exceeded revenue, resulting in a 28% operating deficit.

Mission

PROMOTE, FOSTER AWARENESS AND STIMULATE GROWTH OF BUSINESS AND COMMERCIAL ACTIVITY IN THE GRAND STRAND REGION OF SOUTH CAROLINA.

Program Service Accomplishments

Program 1

PROMOTED AND STIMULATED GROWTH OF BUSINESS AND COMMERCIAL ACTIVITY IN THE GRAND STRAND REGION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $500,000

Program Service Revenue $0

Investment Income $7,919

Other Revenue $0

TOTAL REVENUE $507,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $651,975

TOTAL EXPENSES $651,975

Year-over-Year Comparison

	2025	2024	Change
Revenue	$507,919	$648,832	-0.2%
Expenses	$651,975	$459,294	+0.4%
Net Income	$-144,056	$189,538	-1.8%

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
STEVE CHAPMAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TONY COX	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
SHEP GUYTON	SECRETARY	1.00	Officer Director	$0	$0	$0
BILLY MCGONIGAL	TREASURER	1.00	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	$507,919	$651,975	$391,787	$-144,056
2024	$648,832	$459,294	$532,095	$189,538
2023	$625,512	$372,512	$340,450	$253,000
2022	$363,878	$502,848	$88,222	$-138,970
2021	$438,995	$293,589	$229,800	$145,406
2020	$133,537	$413,098	$81,236	$-279,561