SUMTER SMARTER GROWTH INITIATIVE

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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

2009

Legal Domicile

Principal Officer

DUSTIN SCOTT

Phone

8039054000

Tax Period

2024-07-01 to 2025-06-30

SUMTER SMARTER GROWTH INITIATIVE, founded in 2009, is a micro nonprofit in the Education sector that reported $81K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $510K exceeded revenue, resulting in a 529% operating deficit.

Mission

TO INCREASE THE NUMBER OF INDUSTRIAL PROSPECTS AND VOLUME OF ECONOMIC DEAL FLOW IN SUMTER COUNTY

Program Service Accomplishments

Program 1

Expenses: $418,513

FINANCIAL SUPPORT TO THE SUMTER ECONOMIC DEVELOPMENT BOARD AS WELL AS SSGI. SSGI ALSO SERVES AS ADVISOR TO THE SUMTER ECONOMIC DEVELOPMENT BOARD THROUGH MONTHLY ADVISORY BOARD MEETINGS.

Program 2

Expenses: $91,749

PROMOTE AWARENESS OF ECONOMIC DEVELOPMENT ACHIEVEMENTS WITHIN SUMTER COUNTY THROUGH MARKETING.

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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 $78,157

Investment Income $3,029

Other Revenue $0

TOTAL REVENUE $81,186

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,000

Fundraising Expenses $50

Program Expenses $510,262

Other Expenses $346,312

TOTAL EXPENSES $510,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,186	$89,161	-0.1%
Expenses	$510,312	$236,687	+1.2%
Net Income	$-429,126	$-147,526	+1.9%

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
JACK OSTEEN	MEMBER	1.00	Director	$0	$0	$0
GENE WESTON	MEMBER	1.00	Director	$0	$0	$0
STEPHEN WILLIAMSON	MEMBER	1.00	Director	$0	$0	$0
JOE SINGLETON	MEMBER	1.00	Director	$0	$0	$0
JEFF FAW	MEMBER	1.00	Director	$0	$0	$0
GARY BROWN	MEMBER	1.00	Director	$0	$0	$0
HERB MCCLARY	MEMBER	1.00	Director	$0	$0	$0
KENNETH MIMS	MEMBER	1.00	Director	$0	$0	$0
MICHAEL CURTIS	MEMBER	1.00	Director	$0	$0	$0
MACK KOLB	CHAIRMAN	1.00	Officer	$0	$0	$0
DUSTIN SCOTT	SECRETARY/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	$81,186	$510,312	$229,184	$-429,126
2024	No data	No data	No data	No data
2023	$112,007	$232,630	$193,848	$-120,623
2022	$62,011	$147,969	$223,628	$-85,958
2021	$71,858	$188,917	$309,586	$-117,059
2020	$207,103	$169,412	$426,645	$37,691
2019	$225,097	$213,417	$388,954	$11,680
2018	$49,273	$249,939	$352,244	$-200,666