SOUTH CAROLINA STATE UNIVERSITY REAL ESTATE FOUNDATION (EIN 562449101) - 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

2004

Legal Domicile

Principal Officer

MR HOWARD JACKSON

Phone

8035164722

Tax Period

2023-01-01 to 2023-12-31

SOUTH CAROLINA STATE UNIVERSITY REAL ESTATE FOUNDATION, founded in 2004, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $482K, a strong 15% operating margin.

Mission

THE FOUNDATION IS ORGANIZED TO BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE SOUTH CAROLINA STATE UNIVERSITY SPECIFICALLY TO ACQUIRE, CONSTRUCT, FINANCE, PLEDGE, IMPROVE, MAINTAIN, OPERATE, MANAGE, AND LEASE (1) HOUSING FACILITIES FOR STUDENTS AND FACULTY OF THE UNIVERSITY AND (2) OTHER REAL PROPERTY FOR THE SOLE BENEFIT AND SUPPORT OF THE UNIVERSITY, AND FOR WHICH THE UNIVERSITY WOULD OTHERWISE PROVED AND MAINTAIN ITSELF.

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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 $165

Program Service Revenue $2,600,560

Investment Income $0

Other Revenue $606,068

TOTAL REVENUE $3,206,793

Expense Breakdown

Grants Paid $35,000

Salaries & Benefits $527,345

Fundraising Expenses $0

Program Expenses $2,584,778

Other Expenses $2,162,167

TOTAL EXPENSES $2,724,512

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,206,793	$2,778,573	+0.2%
Expenses	$2,724,512	$2,406,831	+0.1%
Net Income	$482,281	$371,742	+0.3%

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

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

$131,324

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR HOWARD JACKSON	EXECUTIVE DI	N/A	Officer	$30,000	$0	$30,000
TIMOTHY DEMORRIS ETSON	DIRECTOR	N/A	Director	$0	$0	$0
CDR RICHARD HOWELL	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
PAMELA GOODWINE-GLOVER	CHAIRPERSON	3.00	Officer Director	$0	$0	$0
ROBYN PERRINEAU-KENDRICK	EXC PROPERTY	N/A	Officer	$37,583	$0	$37,583
CRAIG ASCUE	VICE CHAIRPE	3.00	Officer Director	$0	$0	$0
NECY GLOVER	FINANCE OFFI	40.00	Officer	$63,741	$0	$63,741
DOUGLAS GANTT	DIRECTOR	1.00	Director	$0	$0	$0
COL RET ALEXANDER CONYERS	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	$3,206,793	$2,724,512	$6,979,333	$482,281
2022	$2,778,573	$2,406,831	$6,869,401	$371,742
2021	$1,311,398	$1,954,064	$6,877,276	$-642,666
2020	$1,827,285	$1,709,777	$7,288,563	$117,508
2019	$2,235,717	$2,176,892	$7,459,485	$58,825
2018	$2,008,306	$2,228,586	$7,780,836	$-220,280
2018	$1,986,221	$2,228,792	$7,780,838	$-242,571

SOUTH CAROLINA STATE UNIVERSITY REAL ESTATE FOUNDATION