SCOTTISH SOCIETY OF CHARLESTON INC (EIN 510145159) - 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

1973

Legal Domicile

Principal Officer

KAROLEA LUCAS

Phone

8435291020

Tax Period

2024-01-01 to 2024-12-31

SCOTTISH SOCIETY OF CHARLESTON INC, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $283K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $266K left a modest 6% surplus.

Mission

TO PROMOTE SCOTTISH HERITAGE

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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 $283,196

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $283,198

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $250,717

Program Expenses $3,000

Other Expenses $262,602

TOTAL EXPENSES $265,602

Year-over-Year Comparison

	2024	2023	Change
Revenue	$283,198	$251,692	+0.1%
Expenses	$265,602	$320,377	-0.2%
Net Income	$17,596	$-68,685	-1.3%

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

200

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
SUSAN CHILDRESS	MEMBERSHIPCOMMUNICATIONS CHAIR	1.00	Director	$0	$0	$0
BOB CHILDRESS	GRANTS CHAIR	1.00	Director	$0	$0	$0
CARL NYE	ETHICS CHAIR	1.00	Director	$0	$0	$0
ALAN THOMPSON	MARKETING CHAIR	1.00	Director	$0	$0	$0
TASIA WALSH	SOCIAL CHAIR	1.00	Director	$0	$0	$0
JOY KRUTEK	HIGHLAND GAMES CHAIR	1.00	Director	$0	$0	$0
KAROLEA LUCAS	PRESIDENT	1.00	Officer	$0	$0	$0
ROBERT J WALKER V	PAST PRESIDENT	1.00	Officer	$0	$0	$0
JOY MCBRIDE	VICE PRESIDENT	1.00	Officer	$0	$0	$0
GWIN POSTON	TREASURER	1.00	Officer	$0	$0	$0
ROBIN WILMETH	SECRETARY	1.00	Officer	$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	$283,198	$265,602	$20,907	$17,596
2023	$251,692	$320,377	$7,797	$-68,685
2022	$231,437	$184,112	$71,996	$47,325
2019	$232,965	$226,554	$86,933	$6,411
2018	$230,637	$202,283	$80,522	$28,354

SCOTTISH SOCIETY OF CHARLESTON INC