FRESHWATER COAST COMMUNITY FOUNDATION

EIN: 471174877 501(c)(3) Community Improvement

ABBEVILLE, SC

Total Revenue
$758,403
Total Expenses
$350,629
Total Assets
$2,160,110
Net Assets
$2,160,110
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
SC
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 IS CHARTERED TO MAKE INVESTMENTS TO IMPROVE OUR SCHOOLS AND EDUCATIONAL PROCESSES. WE ARE HERE TO HELP BUSINESSES LAUNCH THEIR ENTERPRISES AND PROMOTE CONTINUING EDUCATION FOR THEM TO SUCCEED. ADDITIONALLY, OUR SUPPORT OF CULTURAL ENRICHMENT AND THE ARTS ENHANCES THE QUALITY LIFE IN OUR REGION OF ABBEVILLE COUNTY, MCCORMICK COUNTY AND THE STARR-IVA AREA OF ANDERSON COUNTY.

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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%)

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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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
4

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
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
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
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