WACCAMAW COMMUNITY FOUNDATION (EIN 562121992) - 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

1999

Legal Domicile

Principal Officer

MICHAEL L MANCUSO

Phone

8433574483

Tax Period

2024-01-01 to 2024-12-31

WACCAMAW COMMUNITY FOUNDATION, founded in 1999, is a community nonprofit in the Community Improvement sector that reported $5.6M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $2.0M, a strong 37% operating margin.

Mission

WACCAMAW COMMUNITY FOUNDATION BUILDS SUSTAINABLE PHILANTHROPY BY CONNECTING DONORS WITH CAUSES THEY CARE ABOUT TO STRENGTHEN OUR COMMUNITIES.

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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 $3,800,063

Program Service Revenue $576,940

Investment Income $1,208,875

Other Revenue $844

TOTAL REVENUE $5,586,722

Expense Breakdown

Grants Paid $2,319,523

Salaries & Benefits $310,032

Fundraising Expenses $17,280

Program Expenses $2,465,845

Other Expenses $914,963

TOTAL EXPENSES $3,544,518

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,586,722	$6,543,921	-0.1%
Expenses	$3,544,518	$4,151,050	-0.1%
Net Income	$2,042,204	$2,392,871	-0.1%

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

$141,643

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS WADE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HUCKS II	BOARD VICE CHAIR & CHAIR ELECT	1.00	Officer Director	$0	$0	$0
EMMA RUTH BRITTIAN	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL CAIL	DIRECTOR	1.00	Director	$0	$0	$0
WALLACE EVANS	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP ANDERSON	VICE CHAIR - GRANTING AND SCHOLARSHIPS	1.00	Officer Director	$0	$0	$0
ERIK FROMM	DIRECTOR	1.00	Director	$0	$0	$0
RICK ELLIOT	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ALLAN JEFFCOAT	DIRECTOR	1.00	Director	$0	$0	$0
GARY COOPER	VICE CHAIR - DEVELOPMENT COMMITTEE	1.00	Officer Director	$0	$0	$0
DR DESHAWN ROUSH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MANCUSO	EXECUTIVE DIRECTOR	40.00	Officer	$118,094	$23,549	$141,643

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
2024	$5,586,722	$3,544,518	$38,409,782	$2,042,204
2023	$6,543,921	$4,151,050	$33,255,334	$2,392,871
2022	$5,536,720	$3,419,229	$28,176,653	$2,117,491
2021	$6,245,346	$4,645,677	$30,138,658	$1,599,669
2020	$2,285,152	$2,348,953	$26,235,178	$-63,801
2019	$2,909,622	$13,714,333	$24,280,537	$-10,804,711
2018	$3,745,186	$3,135,483	$31,931,726	$609,703

WACCAMAW COMMUNITY FOUNDATION