SC LAUNCH INC (EIN 204692622) - 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

2006

Legal Domicile

Phone

8037339069

Tax Period

2024-07-01 to 2025-06-30

SC LAUNCH INC, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Net assets of $36.6M represent 409 months of operating reserves.

Mission

FUEL SOUTH CAROLINA'S INNOVATION ECONOMY BY ACCELERATING TECHNOLOGY-ENABLED GROWTH IN RESEARCH, ACADEMIA, ENTREPRENEURSHIP AND INDUSTRY.

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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 $0

Investment Income $1,071,597

Other Revenue $0

TOTAL REVENUE $1,071,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $985,095

Other Expenses $1,079,936

TOTAL EXPENSES $1,079,936

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,071,597	$1,288,656	-0.2%
Expenses	$1,079,936	$2,083,705	-0.5%
Net Income	$-8,339	$-795,049	-1.0%

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

$565,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA MARSHALL	Chairman	1.5	Director	$0	$0	$0
CLIFFORD HOLEKAMP	Director	1.5	Director	$0	$0	$0
DEREK PEDERSEN	Director	1.5	Director	$0	$0	$0
JON-MICHIAL CARTER	Director	1.5	Director	$0	$0	$0
JULIANA IAROSSI	Director	1.5	Director	$0	$0	$0
KAREN JENKINS	Director	1.5	Director	$0	$0	$0
PATTI LEAHY	Director	1.5	Director	$0	$0	$0
ROBERT CRUTCHFIELD	Director	1.5	Director	$0	$0	$0
STEPHEN K WIGGINS	Director	1.5	Director	$0	$0	$0
LAURA TERRY	Treasurer	5.0	Officer	$0	$32,168	$224,930
MATTHEW BELL	Executive Director	40.0	Officer	$0	$33,647	$243,426
TERESA HINSON	Secretary	5.0	Officer	$0	$8,044	$96,744

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	$1,071,597	$1,079,936	$36,570,973	$-8,339
2024	$1,288,656	$2,083,705	$37,113,760	$-795,049
2023	$3,205,150	$2,112,235	$13,860,401	$1,092,915
2022	$2,975,171	$1,741,077	$12,983,051	$1,234,094
2021	$3,762,401	$2,102,598	$12,299,474	$1,659,803
2020	$3,087,507	$3,204,776	$10,624,118	$-117,269
2019	$2,314,245	$2,384,409	$10,398,418	$-70,164

SC LAUNCH INC