DORCHESTER SCHOOL DISTRICT TWO GRO… - 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

2004

Legal Domicile

Principal Officer

FRAN TOWNSEND

Phone

8438732901

Tax Period

2022-07-01 to 2023-06-30

DORCHESTER SCHOOL DISTRICT TWO GROWTH RE, founded in 2004, is a community nonprofit in the Education sector that reported $4.8M in total revenue in fiscal year 2022.

Mission

THE FUND WAS FORMED TO CONSTRUCT AND RENOVATE DORCHESTER COUNTY SCHOOL DISTRICT TWO FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $4,769,638 Revenue: $4,726,858

THE ARTICLES OF INCORPORATION AND BYLAWS PROVIDE THAT THE FUND HAS BEEN ORGANIZED EXCLUSIVELY TO (1) ACQUIRE, CONSTRUCT, FINANCE, PLEDGE, IMPROVE, MAINTAIN, OPERATE, MANAGE, LEASE AND DISPOSE OF...

THE ARTICLES OF INCORPORATION AND BYLAWS PROVIDE THAT THE FUND HAS BEEN 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 DORCHESTER COUNTY SCHOOL DISTRICT TWO AND (2) ENCOURAGE AND PROMOTE THE PUBLIC EDUCATION THROUGH COOPERATIVE ARRANGEMENTS WITH GOVERNMENTAL ENTITIES AND ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE THAT PROVIDE PUBLIC EDUCATION IN DORCHESTER COUNTY, SOUTH CAROLINA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,726,858

Investment Income $56,294

Other Revenue $0

TOTAL REVENUE $4,783,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,769,638

Other Expenses $4,780,138

TOTAL EXPENSES $4,780,138

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,783,152	$4,896,091	0.0%
Expenses	$4,780,138	$4,894,719	0.0%
Net Income	$3,014	$1,372	+1.2%

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

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
ALLYSON DUKE	BOARD MEMBER	0.04	Director	$0	$0	$0
BO BLANTON	DIRECTOR	0.04	Director	$0	$0	$0
HARRY BLAKE	DIRECTOR	0.04	Director	$0	$0	$0
CAROLYN HOWARD	CHAIRMAN	0.04	Officer Director	$0	$0	$0
FRAN TOWNSEND	VICE CHAIRMAN	0.04	Officer Director	$0	$0	$0
MARION INABINET	SECRETARY/TREASURER	0.04	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
2023	$4,783,152	$4,780,138	$91,659,422	$3,014
2022	$4,896,091	$4,894,719	$101,106,452	$1,372
2021	$5,291,104	$5,355,778	$110,451,243	$-64,674
2020	$5,712,402	$5,713,971	$119,462,080	$-1,569
2019	$6,023,119	$6,023,119	$128,035,613	No data
2018	$5,619,352	$5,619,352	$126,035,801	No data

DORCHESTER SCHOOL DISTRICT TWO GROWTH RE