CCU STUDENT HOUSING FOUNDATION

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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

2002

Legal Domicile

Principal Officer

NANCY JARRETT

Phone

8433492194

Tax Period

2023-07-01 to 2024-06-30

CCU STUDENT HOUSING FOUNDATION, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $326K in total revenue in fiscal year 2023. Revenue surged 122% from the prior year, signaling strong growth momentum. The organization ran a surplus of $225K, a strong 69% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF COASTAL CAROLINA UNIVERSITY TO LEASE, OPERATE, MANAGE, AND CONTRACT FOR THE CONSTRUCTION OF STUDENT HOUSING FACILITIES AND TO SUPPORT VARIOUS UNIVERSITY ENDEAVORS.

Program Service Accomplishments

Program 1

Expenses: $14,089

DURING THE YEAR ENDED JUNE 30, 2024 THE FOUNDATION SUPPORTED COASTAL CAROLINA UNIVERSITY BY PROVIDING FINANCIAL ASSISTANCE TOWARDS THE PLACEMENT OF NEW STAFF AT THE UNIVERSITY.

Program 2

Expenses: $6,069

DURING THE YEAR A PORTION OF ADMINISTRATIVE EXPENSES WERE DEDICATED TO THE PROGRAM SERVICES THAT BENEFIT COASTAL CAROLINA UNIVERSITY.

Program 3

IN 2016, THE FOUNDATION PURCHASED A 26.71 ACRE LAND PARCEL FOR $1.825 MILLION TO BE DEVELOPED BY COASTAL CAROLINA UNIVERSITY IN THE FUTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $246,037

Other Revenue $80,000

TOTAL REVENUE $326,037

Expense Breakdown

Grants Paid $14,089

Salaries & Benefits $47,788

Fundraising Expenses $0

Program Expenses $20,158

Other Expenses $38,752

TOTAL EXPENSES $100,629

Year-over-Year Comparison

	2023	2022	Change
Revenue	$326,037	$147,082	+1.2%
Expenses	$100,629	$3,782,295	-1.0%
Net Income	$225,408	$-3,635,213	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$21,825

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK L SPRINGS	BOARD MEMBER	1.00	Director	$0	$0	$0
J MICHAEL FRAZIER	BOARD MEMBER	1.00	Director	$0	$0	$0
DELAN STEVENS	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN M HAGEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BONAR B ANDERSON III	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL MACDONALD	CHAIR	1.00	Officer Director	$0	$0	$0
NANCY Z JARRETT	EXECUTIVE DIRECTOR	10.00	Officer	$21,825	$0	$21,825
MICHAEL T BENSON	EX OFFICIO MEMBER, NONVOTI	1.00	Officer	$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	$326,037	$100,629	$6,471,605	$225,408
2023	$147,082	$3,782,295	$6,291,896	$-3,635,213
2022	$14,440	$211,999	$6,204,499	$-197,559
2021	$37,349	$284,943	$6,921,698	$-247,594
2020	$124,790	$159,092	$7,699,357	$-34,302
2019	$156,776	$160,062	$8,222,357	$-3,286