SOUTH CAROLINA COUNCIL ON COMPETITIVENESS

EIN: 201690146 501(c)(3) Community Improvement

COLUMBIA, SC

Total Revenue
$1,975,826
Total Expenses
$2,011,858
Total Assets
$3,196,014
Net Assets
$3,008,696
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
SC
Principal Officer
SUE ANN SHANNON
Phone
8037601400
Tax Period
2023-07-01 to 2024-06-30

SOUTH CAROLINA COUNCIL ON COMPETITIVENESS, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

THE SOUTH CAROLINA COUNCIL ON COMPETITIVENESS IS A NONPARTISAN, BUSINESS-LED NON-PROFIT ORGANIZATION COMMITTED TO ADVANCING THE LONG TERM COMPETITIVENESS OF SOUTH CAROLINA THROUGH ACTIONABLE RESEARCH, SUPPORT OF INDUSTRY CLUSTERS AND EDUCATION AND WORKFORCE DEVELOPMENT INITIATIVES.

Program Service Accomplishments

Program 1
Expenses: $1,720,408

RESEARCH ACTIVITIES INCLUDE STUDIES AROUND ECONOMIC IMPACTS UTILIZED BY PUBLIC ECONOMIC DEVELOPMENT AGENCIES. DIRECTLY-MANAGED CLUSTERS INCLUDE AEROSPACE, LOGISTICS, AND TECHNOLOGY/CYBERSECURITY...

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RESEARCH ACTIVITIES INCLUDE STUDIES AROUND ECONOMIC IMPACTS UTILIZED BY PUBLIC ECONOMIC DEVELOPMENT AGENCIES. DIRECTLY-MANAGED CLUSTERS INCLUDE AEROSPACE, LOGISTICS, AND TECHNOLOGY/CYBERSECURITY. EDUCATION/WORKFORCE INITIATIVES FOCUS ON DURABLE SKILLS DEVELOPMENT IN K-12 AND ENHANCING CAREER PATHWAYS FOR STUDENTS AND TRANSITIONING WORKERS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,941,899
Program Service Revenue $0
Investment Income $33,665
Other Revenue $262
TOTAL REVENUE $1,975,826

Expense Breakdown

Grants Paid $0
Salaries & Benefits $833,235
Fundraising Expenses $0
Program Expenses $1,720,408
Other Expenses $1,178,623
TOTAL EXPENSES $2,011,858

Year-over-Year Comparison

2023 2022 Change
Revenue $1,975,826 $2,955,835 -0.3%
Expenses $2,011,858 $2,668,273 -0.2%
Net Income $-36,032 $287,562 -1.1%
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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Governance

Voting Members
9
Independent Members
9
Employees
9
Volunteers
150

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
3
$40,306
Total Directors
10
$40,306
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUE ANN SHANNON PRESIDENT & CEO 40.00
Officer Director
$40,306 $0 $40,306
PAULA HARPER BETHEA BOARD MEMBER 0.50
Director
$0 $0 $0
MIKE MIZEUR BOARD MEMBER 0.50
Director
$0 $0 $0
DON HERRIOTT BOARD MEMBER 0.50
Director
$0 $0 $0
PAMELA LACKEY BOARD MEMBER 0.50
Director
$0 $0 $0
JOHN LUMPKIN JR BOARD MEMBER 0.50
Director
$0 $0 $0
GEORGE WOLFE BOARD MEMBER 0.50
Director
$0 $0 $0
M WILLIAM YOUNGBLOOD BOARD MEMBER 0.50
Director
$0 $0 $0
M EDWARD SELLERS CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOEL A SMITH III TREASURER 0.50
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 $1,975,826 $2,011,858 $3,196,014 $-36,032
2023 $2,955,835 $2,668,273 $3,278,017 $287,562
2022 $2,497,531 $2,295,558 $3,212,326 $201,973
2021 $1,884,118 $1,507,000 $2,962,342 $377,118
2020 $1,851,489 $1,377,200 $2,629,117 $474,289
2019 $1,657,554 $1,212,539 $2,259,000 $445,015
2018 $1,652,533 $1,283,756 $1,322,722 $368,777
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