CHARLESTON EDUCATIONAL EXCELLENCE … - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

DANIEL PRENTICE

Phone

8435668198

Tax Period

2024-07-01 to 2025-06-30

CHARLESTON EDUCATIONAL EXCELLENCE FINANCING CORPORATION, founded in 2004, is a mid-sized nonprofit in the Recreation & Sports sector that reported $57.3M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52.4M, a strong 91% operating margin.

Mission

THE SPECIFIC PURPOSES OF THE CORPORATION SHALL BE TO (1) ACQUIRE, CONSTRUCT, FINANCE, PLEDGE, IMPROVE, MAINTAIN, OPERATE, MANAGE, LEASE AND DISPOSE OF SCHOOL BUILDINGS AND OTHER PUBLIC EDUCATION FACILITIES FOR THE USE AND BENEFIT OF THE SCHOOL DISTRICT AND (2) ENCOURAGE AND PROMOTE PUBLIC EDUCATION THROUGH COOPERATIVE ARRANGEMENTS WITH GOVERNMENTAL ENTITIES AND ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(3) OF THE CODE THAT PROVIDE PUBLIC EDUCATION IN CHARLESTON COUNTY, SOUTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $4,932,435 Revenue: $57,222,980

DURING FY25, THE CORPORATION CONTINUED TO ASSIST THE SCHOOL DISTRICT IN SERVICING THE DEBT ON A NUMBER OF DISTRICT FACILITIES.

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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 $57,222,980

Investment Income $118,964

Other Revenue $0

TOTAL REVENUE $57,341,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,932,435

Other Expenses $4,932,435

TOTAL EXPENSES $4,932,435

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,341,944	$44,961,319	+0.3%
Expenses	$4,932,435	$12,804,716	-0.6%
Net Income	$52,409,509	$32,156,603	+0.6%

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

$237,485

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL PRENTICE	CFO	0.15	Officer	$0	$51,126	$237,485
SUSAN LEADEM	PRESIDENT	0.02	Officer Director	$0	$0	$0
CASDELL SINGLETON	VICE PRESIDE	0.02	Officer Director	$0	$0	$0
CHARLES MCMANUS	TREASURER/SE	0.02	Officer Director	$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	$57,341,944	$4,932,435	$326,135,972	$52,409,509
2024	$44,961,319	$12,804,716	$373,840,087	$32,156,603
2023	$37,432,849	$15,073,732	$419,204,217	$22,359,117
2022	$37,554,719	$16,056,992	$445,444,768	$21,497,727
2021	$46,761,729	$46,761,729	$470,920,316	No data
2020	$21,668,925	$21,668,925	$435,348,172	No data
2019	$22,192,230	$22,192,230	$452,985,000	No data
2018	$22,393,480	$22,393,480	$465,835,000	No data

CHARLESTON EDUCATIONAL EXCELLENCE FINANCING CORPORATION