SOUTH CAROLINA ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT (EIN 562049813) - 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

1995

Legal Domicile

Principal Officer

BERNETT MAZYCK

Phone

8435799855

Tax Period

2023-01-01 to 2023-12-31

SOUTH CAROLINA ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $4.1M in total revenue in fiscal year 2023. The organization ran a surplus of $668K, a strong 16% operating margin.

Mission

THROUGH OUR NETWORK OF MEMBERS AND PARTNER ORGANIZATIONS, SCACED STRIVES TO IMPROVE THE QUALITY OF LIFE FOR LOW-WEALTH FAMILIES AND COMMUNITIES BY ADVANCING COMMUNITY ECONOMIC DEVELOPMENT AND (CONTINUED ON SCHEDULE O)

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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 $3,762,244

Program Service Revenue $323,917

Investment Income $1

Other Revenue $120

TOTAL REVENUE $4,086,282

Expense Breakdown

Grants Paid $1,730,853

Salaries & Benefits $932,324

Fundraising Expenses $57,875

Program Expenses $3,150,654

Other Expenses $754,929

TOTAL EXPENSES $3,418,106

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,086,282	$4,077,635	+0.0%
Expenses	$3,418,106	$3,751,549	-0.1%
Net Income	$668,176	$326,086	+1.0%

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

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

$173,462

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNETT MAZYCK	PRESIDENT &	40.00	Officer	$159,836	$13,626	$173,462
KATE PRATT	COO	40.00	Highest	$139,266	$6,447	$145,713
KRISTI KING-BROCK	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
WILBUR CAVE	VICE CHAIRPE	1.00	Officer Director	$0	$0	$0
KIM M GRAHAM	SECRETARY	1.00	Officer Director	$0	$0	$0
GINNY STROUD	TREASURER	1.00	Officer Director	$0	$0	$0
DON OGLESBY	PAST CHAIRPE	1.00	Officer Director	$0	$0	$0
SCOTTY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
WALLACE EVANS JR	DIRECTOR	1.00	Director	$0	$0	$0
GEONA SHAW JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
MERYLIN JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
SEDRICK L MCCALLUM	DIRECTOR	1.00	Director	$0	$0	$0
NATHANIEL BARBER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE YOUNG MA	DIRECTOR	1.00	Director	$0	$0	$0
LILA ANNA SAULS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN F VERREAULT III	DIRECTOR	1.00	Director	$0	$0	$0
GRAHAM ADAMS PHD	DIRECTOR	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	No data	No data	No data	No data
2023	$4,086,282	$3,418,106	$2,744,576	$668,176
2022	$4,077,635	$3,751,549	$1,521,554	$326,086
2021	$1,317,378	$1,201,843	$1,162,743	$115,535
2020	$1,227,020	$1,292,839	$689,054	$-65,819
2019	$1,205,176	$1,307,010	$735,293	$-101,834
2018	$968,755	$878,855	$916,257	$89,900

SOUTH CAROLINA ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT