PROVIDENT BUSINESS FINANCIAL SERVICES INC

EIN: 331037188 Community Improvement

WEST COLUMBIA, SC

Total Revenue
$1,160,067
Total Expenses
$1,017,572
Total Assets
$988,454
Net Assets
$988,454
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
SC
Principal Officer
KEITH BLACK
Phone
8037910071
Tax Period
2025-01-01 to 2025-12-31

PROVIDENT BUSINESS FINANCIAL SERVICES INC, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year. Expenses of $1.0M left a modest 12% surplus.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO ACT AS A DEVELOPMENT FINANCE INSTITUTION TO PROMOTE THE GROWTH OF PRODUCTIVE PRIVATE INVESTMENT AND TO ASSIST BUSINESS ENTERPRISES THAT WILL CONTRIBUTE TO THE ECONOMIC DEVELOPMENT OF THE STATE OF SOUTH CAROLINA AND THROUGHOUT THE UNITED STATES.

Program Service Accomplishments

Program 1
Expenses: $842,535 Revenue: $1,048,429

PROVIDENT BUSINESS FINANCIAL SERVICES, INC. (PBFS) ACTS AS A DEVELOPMENT FINANCE INSTITUTION TO PROMOTE THE GROWTH OF PRODUCTIVE PRIVATE INVESTMENT AND TO ASSIST BUSINESS ENTERPRISES THAT WILL...

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PROVIDENT BUSINESS FINANCIAL SERVICES, INC. (PBFS) ACTS AS A DEVELOPMENT FINANCE INSTITUTION TO PROMOTE THE GROWTH OF PRODUCTIVE PRIVATE INVESTMENT AND TO ASSIST BUSINESS ENTERPRISES THAT WILL CONTRIBUTE TO THE ECONOMIC DEVELOPMENT OF THE STATE OF SOUTH CAROLINA THROUGHOUT THE UNITED STATES OF AMERICA. PFBS PROCESSED 4,818,000 IN SBA 504 DEBENTURES TO ASSIST 3 BUSINESSES IN THE CREATION OR RETENTION OF 62 JOBS. PFBS SERVICED SBA 504 DEBENTURES IN THE AMOUNT OF 93,092,372 FOR THE CREATION AND MAINTENANCE OF A TOTAL OF 3,742 JOBS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,048,429
Investment Income $111,638
Other Revenue $0
TOTAL REVENUE $1,160,067

Expense Breakdown

Grants Paid $0
Salaries & Benefits $857,126
Fundraising Expenses $0
Program Expenses $842,535
Other Expenses $160,446
TOTAL EXPENSES $1,017,572

Year-over-Year Comparison

2025 2024 Change
Revenue $1,160,067 $1,255,267 -0.1%
Expenses $1,017,572 $1,112,566 -0.1%
Net Income $142,495 $142,701 0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
8
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
4
$251,030
Total Directors
8
$251,030
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK RAINES BOARD CHAIRM 1.00
Officer Director
$0 $0 $0
HENRY M POSTON VICE-CHAIR 1.00
Officer Director
$0 $0 $0
PATRICA C HARTUNG SEC/TREAS 1.00
Officer Director
$0 $0 $0
BO ARMSTRONG BOARD MEMBER 1.00
Director
$0 $0 $0
ED BEAMAN BOARD MEMBER 1.00
Director
$0 $0 $0
TOM EWART BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES A SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
KEITH BLACK PRESIDENT AN 40.00
Officer Director
$225,500 $25,530 $251,030
SUSAN REDMON LOAN UNDERWR 40.00
Highest
$132,000 $19,920 $151,920
TRINA DORSEY LOAN UNDERWR 40.00
Highest
$117,700 $19,062 $136,762
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 $1,160,067 $1,017,572 $988,454 $142,495
2024 $1,255,267 $1,112,566 $845,959 $142,701
2023 $984,428 $889,125 $711,362 $95,303
2022 $1,000,937 $872,068 $635,455 $128,869
2021 $980,704 $866,591 $539,066 $114,113
2020 $721,430 $651,243 $434,793 $70,187
2019 $611,577 $500,260 $390,467 $111,317
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