Tara Hall School Inc DBA Mingo Creek Academy

EIN: 237111696 501(c)(3) Human Services

Georgetown, SC

Total Revenue
$531,904
Total Expenses
$842,496
Total Assets
$1,427,554
Net Assets
$1,049,487
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
SC
Principal Officer
Comeletia Pyatt
Phone
8435463000
Tax Period
2024-10-01 to 2025-09-30

Tara Hall School Inc DBA Mingo Creek Academy, founded in 1973, is a small nonprofit in the Human Services sector that reported $532K in total revenue in fiscal year 2024. Expenses of $842K exceeded revenue, resulting in a 58% operating deficit.

Mission

Mingo Creek Academy (MCA) is a new school meeting our areas critical need for boys and girls ages Pre-K 3 4 and 5. Located in the Rose Hill Community, this early education school will provide Georgetown and Williamsburg area children with transformational educational opportunities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $364,022
Program Service Revenue $123,106
Investment Income $0
Other Revenue $44,776
TOTAL REVENUE $531,904

Expense Breakdown

Grants Paid $0
Salaries & Benefits $433,859
Fundraising Expenses $12,504
Program Expenses $696,850
Other Expenses $408,637
TOTAL EXPENSES $842,496

Year-over-Year Comparison

2024 2023 Change
Revenue $531,904 $545,445 0.0%
Expenses $842,496 $936,605 -0.1%
Net Income $-310,592 $-391,160 -0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
7
Volunteers
N/A

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
5
$33,307
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Comeletia Pyatt Executive Dir. 40.00
Officer
$33,307 $0 $33,307
Ronald D Byrd Board Member 1.00
Director
$0 $0 $0
Scott Close Board Member 1.00
Director
$0 $0 $0
Merlethia Green Board Member 1.00
Director
$0 $0 $0
LT Wilson Board Member 1.00
Director
$0 $0 $0
Justin Gamble Board Member 1.00
Director
$0 $0 $0
Jeffrey Shields Board Member 1.00
Director
$0 $0 $0
Dougie Warstler Board Member 1.00
Director
$0 $0 $0
Amy Condon Chairman 1.00
Officer
$0 $0 $0
Rosemary Gray Vice Chairman 1.00
Officer
$0 $0 $0
Kevin McCray Secretary 1.00
Officer
$0 $0 $0
Joel Foster Treasurer 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 $531,904 $842,496 $1,427,554 $-310,592
2024 $545,445 $936,605 $1,360,079 $-391,160
2023 $579,674 $751,107 $1,751,239 $-171,433
2022 $340,474 $626,413 $1,922,672 $-285,939
2021 $356,894 $459,942 $2,286,998 $-103,048
2020 $1,022,602 $1,153,170 $2,193,869 $-130,568
2019 $1,132,236 $1,205,870 $2,221,582 $-73,634
2018 $1,332,769 $1,227,350 $2,331,517 $105,419
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