SOUTH CAROLINA FEDERAL CREDIT UNION FOUNDATION (EIN 461500989) - 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

2013

Legal Domicile

Principal Officer

R SCOTT WOODS

Phone

8435695161

Tax Period

2023-01-01 to 2023-12-31

SOUTH CAROLINA FEDERAL CREDIT UNION FOUNDATION, founded in 2013, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $247K in total revenue in fiscal year 2023. Expenses of $276K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE SOUTH CAROLINA FEDERAL CREDIT UNION FOUNDATION IS A 501(C)(3) ORGANIZATION ESTABLISHED TO PROVIDE FINANCIAL ASSISTANCE AND SUPPORT TO OTHER ORGANIZATIONS OPERATING EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES.

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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 $247,773

Program Service Revenue $0

Investment Income $79

Other Revenue $-1,160

TOTAL REVENUE $246,692

Expense Breakdown

Grants Paid $267,669

Salaries & Benefits $0

Fundraising Expenses $537

Program Expenses $267,669

Other Expenses $8,537

TOTAL EXPENSES $276,206

Year-over-Year Comparison

	2023	2022	Change
Revenue	$246,692	$257,382	0.0%
Expenses	$276,206	$209,397	+0.3%
Net Income	$-29,514	$47,985	-1.6%

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

234

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

$187,932

Total Directors

$187,932

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R SCOTT WOODS	CHAIR	0.50	Officer Director	$0	$0	$0
TREY GANTT	DIRECTOR	0.50	Officer Director	$0	$0	$0
LESLIE NORRIS	DIRECTOR	0.50	Officer Director	$0	$0	$0
BONNIE K CIUFFO	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH JASKIEWICZ	EXECUTIVE DIRECTOR	31.00	Officer Director	$0	$58,801	$187,932
LEON FRAZIER	SECRETARY	0.50	Director	$0	$0	$0
JOSEPH GRECH	VICE CHAIR	0.50	Director	$0	$0	$0
TROI OREE	TREASURER	0.50	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
2024	No data	No data	No data	No data
2023	$246,692	$276,206	$264,092	$-29,514
2022	$257,382	$209,397	$278,570	$47,985
2021	$189,280	$213,610	$203,028	$-24,330
2020	$218,563	$182,884	$237,185	$35,679
2019	$330,629	$213,016	$209,980	$117,613
2019	$224,926	$213,016	$104,277	$11,910

SOUTH CAROLINA FEDERAL CREDIT UNION FOUNDATION