SUMTER TECHNOLOGY CENTER INC (EIN 352177240) - 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

2002

Legal Domicile

Principal Officer

DERON MCCORMICK

Phone

8034362570

Tax Period

2024-07-01 to 2025-06-30

SUMTER TECHNOLOGY CENTER INC, founded in 2002, is a micro nonprofit in the Education sector that reported $76K in total revenue in fiscal year 2024. Expenses of $123K exceeded revenue, resulting in a 62% operating deficit.

Mission

TO OWN THE FORMER FEDERAL BUILDING AT 101. S. MAIN ST. SUMTER, SC AND LEASE IT TO THE CENTRAL CAROLINA TECHNICAL COLLEGE.

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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 $75,851

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $75,851

Expense Breakdown

Grants Paid $75,241

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,091

Other Expenses $47,460

TOTAL EXPENSES $122,701

Year-over-Year Comparison

	2024	2023	Change
Revenue	$75,851	$75,851	N/A
Expenses	$122,701	$122,701	N/A
Net Income	$-46,850	$-46,850	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID P MERCHANT	MEMBER	1.00		$0	$0	$0
HOWIE OWENS	MEMBER	1.00		$0	$0	$0
KEVIN POLLOCK	MEMBER	1.00		$0	$0	$0
DERON MCCORMICK	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	$75,851	$122,701	$1,298,121	$-46,850
2024	$75,851	$122,701	$1,344,971	$-46,850
2023	$75,851	$122,701	$1,391,821	$-46,850
2022	$75,851	$122,701	$1,438,671	$-46,850
2021	$78,905	$125,755	$1,485,521	$-46,850
2020	$76,291	$123,141	$1,532,371	$-46,850
2019	$83,208	$128,455	$1,579,221	$-45,247

SUMTER TECHNOLOGY CENTER INC