SOUTH CAROLINA FUTURE FARMERS OF AMERICA FOUNDATION (EIN 510174928) - 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

1975

Legal Domicile

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.

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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 $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

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

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

$18,000

Total Directors

$18,000

Key Employees

Highest Compensated

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

SOUTH CAROLINA FUTURE FARMERS OF AMERICA FOUNDATION