Kingston Lake Education & Business Center Inc (EIN 275011293) - 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

2011

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Kingston Lake Education & Business Center Inc, founded in 2011, is a small nonprofit in the Human Services sector that reported $121K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $157K exceeded revenue, resulting in a 30% operating deficit.

Mission

The KLBEC works to enhance the economic development of Horry County nonprofits and small businesses.

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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 $121,065

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $121,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,698

Fundraising Expenses $0

Program Expenses $127,698

Other Expenses $105,164

TOTAL EXPENSES $156,862

Year-over-Year Comparison

	2023	2022	Change
Revenue	$121,065	$170,241	-0.3%
Expenses	$156,862	$159,198	0.0%
Net Income	$-35,797	$11,043	-4.2%

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

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Richard Bellamy	Trustee District I	Director	$0	$0	$0
Billie Faye Johnson	Chair District IV	Director	$0	$0	$0
Timothy Gerald	Executive Director KLBEC	Director	$0	$0	$0
Timothy Gerald	Executive Director	Director	$0	$0	$0
James Grissett	Trustee District III	Director	$0	$0	$0
Roland Cockfield	Trustee District II	Director	$0	$0	$0
Karen Frinks	Historian	Officer	$0	$0	$0
Hattie Graham	Missionary	Officer	$0	$0	$0
Zimmier Washington	Asst Secretary	Officer	$0	$0	$0
Dr Sharon Beaty	Secretary	Officer	$0	$0	$0
Dr Sonny Bridges	Vice Moderator	Officer	$0	$0	$0
Lessie Core	Parliamentarian	Officer	$0	$0	$0
Barbara D Johnson	Financial Clerk	Officer	$0	$0	$0
Jeanette Faulk	Treasurer	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
2023	$121,065	$156,862	$865,838	$-35,797
2022	$170,241	$159,198	$917,837	$11,043

Kingston Lake Education & Business Center Inc