FRESHWATER COAST COMMUNITY FOUNDAT… - 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

2014

Legal Domicile

Principal Officer

LENA MILLER

Phone

8644462773

Tax Period

2024-01-01 to 2024-12-31

FRESHWATER COAST COMMUNITY FOUNDATION, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $758K in total revenue in fiscal year 2024. Revenue surged 327% from the prior year, signaling strong growth momentum. The organization ran a surplus of $408K, a strong 54% operating margin.

Mission

FRESHWATER COAST COMMUNITY FOUNDATION'S MISSION IS TO SUPPORT ENTREPRENEURIAL, EDUCATIONAL, AND CULTURAL DEVELOPMENT IN THE AREAS OF ABBEVILLE COUNTY, MCCORMICK COUNTY, AND THE STARR-IVA AREA OF ANDERSON COUNTY.

Program Service Accomplishments

Program 1

Expenses: $335,842

THE FRESHWATER COAST COMMUNITY FOUNDATION SERVES THE REGION OF ABBEVILLE COUNTY, MCCORMICK COUNTY, AND THE STARR-IVA AREA OF ANDERSON COUNTY BY PROVIDING GRANTS AND SCHOLARSHIPS TO PROMOTE CONTINUING EDUCATION AND CULTURAL ENRICHMENT. ADDITIONALLY, WE PARTNER WITH THE CLEMSON UNIVERSITY EXTENSION TO HELP BUSINESSES LAUNCH THEIR ENTERPRISES AND HELP THEM ACHEIVE SUCCESS.

Program 2

Expenses: $14,287

THE ABBEVILLE PROMISE PROVIDES TUITION ASSISTANCE TO MAKE HIGHER EDUCATION AVAILABLE TO EVERY RESIDENT OF ABBEVILLE COUNTY WHO GRADUATES HIGH SCHOOL. SUCH OPPORTUNITIES CAN PREPARE YOUNG PEOPLE TO BE THE WORKFORCE OF THE FUTURE, THE NEXT GENERATION OF PRODUCTIVE CITIZENS, AND THE CIVIC LEADERS OF TOMORROW; THEREBY ALLOWING COMMUNITES TO GROW, PROGRESS, AND PROSPER.

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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 $621,838

Program Service Revenue $0

Investment Income $136,565

Other Revenue $0

TOTAL REVENUE $758,403

Expense Breakdown

Grants Paid $326,453

Salaries & Benefits $0

Fundraising Expenses $167

Program Expenses $350,129

Other Expenses $24,176

TOTAL EXPENSES $350,629

Year-over-Year Comparison

	2024	2023	Change
Revenue	$758,403	$177,503	+3.3%
Expenses	$350,629	$89,197	+2.9%
Net Income	$407,774	$88,306	+3.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL L AGNEW	BOARD MEMBER	1.00	Director	$0	$0	$0
FAYE CROCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
AMOS CUNNINGHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
C BRAD EVANS	CHAIRMAN	2.00	Officer Director	$0	$0	$0
AIMEE GRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
LEE LOGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
WES MCALLISTER	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
LENA MILLER	SECRETARY	15.00	Officer Director	$0	$0	$0
TREY MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
KIRK SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS STOLL	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDY TIMMERMAN	TREASURER	2.00	Officer Director	$0	$0	$0
JEFF WILSON	BOARD MEMBER	1.00	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	$758,403	$350,629	$2,160,110	$407,774
2023	$177,503	$89,197	$1,769,372	$88,306
2022	$98,831	$117,366	$1,576,603	$-18,535
2021	$200,091	$75,013	$1,832,783	$125,078
2020	$96,898	$107,286	$1,578,152	$-10,388
2019	$136,715	$68,707	$1,466,089	$68,008
2018	$601,994	$166,780	$665,883	$435,214

FRESHWATER COAST COMMUNITY FOUNDATION