SOUTH CAROLINA FUTURE FARMERS OF AMERICA FOUNDATION

EIN: 510174928 501(c)(3)

SALUDA, SC

Total Revenue
$466,186
Total Expenses
$538,689
Total Assets
$14,895,069
Net Assets
$14,894,063
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
SC
Principal Officer
Frank Stover
Phone
8036091424
Tax Period
2023-01-01 to 2023-12-31

SOUTH CAROLINA FUTURE FARMERS OF AMERICA FOUNDATION, founded in 1975, is a small nonprofit that reported $466K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $539K exceeded revenue, resulting in a 16% operating deficit.

Mission

Promote & support students in agriculture in SC.

Program Service Accomplishments

Program 1
Expenses: $350,000 Revenue: $0

Allocation to S.C. Association of Future Farmers of America for the purpose of promoting and supporting students in agriculture in South Carolina.

Program 2
Expenses: $500 Revenue: $0

Provide scholarships.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $466,186
Other Revenue $0
TOTAL REVENUE $466,186

Expense Breakdown

Grants Paid $350,000
Salaries & Benefits $19,377
Fundraising Expenses $0
Program Expenses $350,500
Other Expenses $169,312
TOTAL EXPENSES $538,689

Year-over-Year Comparison

2023 2022 Change
Revenue $466,186 $340,704 +0.4%
Expenses $538,689 $696,932 -0.2%
Net Income $-72,503 $-356,228 -0.8%
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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Governance

Voting Members
9
Independent Members
9
Employees
1
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
4
$18,000
Total Directors
10
$18,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK R STOVER JR EXECUTIVE DIRECTOR & TREASURER 15.00
Officer Director
$18,000 $0 $18,000
DR TOM DOBBINS EX OFFICIO NON VOTING 0.00
Officer Director
$0 $0 $0
KEVIN SOX BOARD MEMBER 0.00
Director
$0 $0 $0
SAVANNAH COX BOARD MEMBER 0.00
Director
$0 $0 $0
DEION LATIMER BOARD MEMBER 0.00
Officer Director
$0 $0 $0
PAT EARLE BOARD MEMBER 0.00
Officer Director
$0 $0 $0
BETH ANN MELTON BOARD MEMBER 0.00
Director
$0 $0 $0
KEITH COX CHAIRMAN 0.00
Director
$0 $0 $0
DR CURTIS WHITE SECRETARY 0.00
Director
$0 $0 $0
TROY HELMS STATE DIRECTOR 0.00
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 No data No data No data No data
2023 $466,186 $538,689 $14,895,069 $-72,503
2022 $340,704 $696,932 $13,453,184 $-356,228
2021 $3,821,690 $1,108,680 $16,001,969 $2,713,010
2020 $207,281 $415,884 $12,493,592 $-208,603
2019 $327,541 $378,233 $11,516,978 $-50,692
2018 $257,284 $375,001 $9,878,540 $-117,717
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