FOLLY BEACH TOURISM AND VISITOR PROMOTION COMMITTEE INC (EIN 203272347) - 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

2005

Legal Domicile

Principal Officer

CARL HALLY

Phone

8435131840

Tax Period

2024-07-01 to 2025-06-30

FOLLY BEACH TOURISM AND VISITOR PROMOTION COMMITTEE INC, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $592K in total revenue in fiscal year 2024.

Mission

FOLLY BEACH TOURISM AND VISITOR PROMOTION COMMITTEE, INC. EXISTS TO PROMOTE TOURISM FOR THE CITY OF FOLLY BEACH, SC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $591,153

Investment Income $1,310

Other Revenue $0

TOTAL REVENUE $592,463

Expense Breakdown

Grants Paid $70,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $580,472

TOTAL EXPENSES $650,472

Year-over-Year Comparison

	2024	2023	Change
Revenue	$592,463	$592,317	+0.0%
Expenses	$650,472	$632,980	+0.0%
Net Income	$-58,009	$-40,663	+0.4%

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

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
CARL HALLY	CHAIRMAN FRO	0.25	Officer Director	$0	$0	$0
CAROL HART	CHAIRMAN TI	0.25	Officer Director	$0	$0	$0
NATHAN FOSTER	TREASURER	0.25	Officer Director	$0	$0	$0
NANCY MOORE	SECRETARY	0.25	Officer Director	$0	$0	$0
RICHARD DIPASQUALE	DIRECTOR	0.25	Director	$0	$0	$0
ERIN GUTHRIE	DIRECTOR	0.25	Director	$0	$0	$0
RON HILL	DIRECTOR	0.25	Director	$0	$0	$0
NICOLE ROTHSTEIN	DIRECTOR	0.25	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	$592,463	$650,472	$442,321	$-58,009
2018	$261,618	$245,149	$285,806	$16,469

FOLLY BEACH TOURISM AND VISITOR PROMOTION COMMITTEE INC