SOUTH CAROLINA LEARNS (EIN 460847262) - 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

2012

Legal Domicile

Principal Officer

MICHAEL WHITE

Phone

8642091648

Tax Period

2023-07-01 to 2024-06-30

SOUTH CAROLINA LEARNS, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $45.0M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $41.1M left a modest 9% surplus.

Mission

PROVIDE CHILDREN WITHIN SOUTH CAROLINA THE OPPORTUNITY TO LEARN IN THE WAYS THAT ARE RIGHT FOR THEM. THE SCHOOL USES ONLINE SERVICES ALLOWING LEARNING TO HAPPEN AT HOME, ON THE ROAD, OR WHEREVER AN INTERNET CONNECTION IS AVAILABLE.

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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 $44,905,358

Program Service Revenue $0

Investment Income $0

Other Revenue $52,784

TOTAL REVENUE $44,958,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,779,192

Fundraising Expenses $0

Program Expenses $34,144,994

Other Expenses $19,351,445

TOTAL EXPENSES $41,130,637

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,958,142	$37,444,624	+0.2%
Expenses	$41,130,637	$40,713,733	+0.0%
Net Income	$3,827,505	$-3,269,109	-2.2%

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

Employees

290

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

$419,555

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID CROOK	CEO	40.00	Officer	$191,972	$42,185	$234,157
MICHAEL WHITE	COO	40.00	Officer	$152,671	$32,727	$185,398
ADDIE ANDREWS	BOARD MEMBER	0.50	Director	$0	$0	$0
STEVE FOWLE	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNIFER HINCAPIE	CHAIR	1.50	Officer Director	$0	$0	$0
SHANNON KOJAH	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN LOVEDAY	BOARD MEMBER	0.50	Director	$0	$0	$0
SAWNSURAE LOWE	BOARD MEMBER	0.50	Director	$0	$0	$0
SANDRA SANDIFER	VICE CHAIR	0.50	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	No data	No data	No data	No data
2024	$44,958,142	$41,130,637	$35,034,957	$3,827,505
2023	$37,444,624	$40,713,733	$37,695,507	$-3,269,109
2022	$32,344,303	$37,479,650	$27,041,696	$-5,135,347
2021	$35,702,373	$39,260,515	$20,739,195	$-3,558,142
2020	$18,255,501	$19,051,026	$10,509,980	$-795,525
2019	$14,797,805	$14,840,756	$2,459,480	$-42,951
2018	$11,121,480	$11,172,988	$2,355,949	$-51,508

SOUTH CAROLINA LEARNS