CHAPIN FOUNDATION OF MYRTLE BEACH SC (EIN 566039453) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1943

Legal Domicile

Principal Officer

Tory Mackey

Phone

8434497284

Tax Period

2025-01-01 to 2025-12-31

CHAPIN FOUNDATION OF MYRTLE BEACH SC, founded in 1943, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2025. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $852K, a strong 20% operating margin.

Mission

Provide funds to support various organizations in Myrtle Beach SC and limited surrounding areas. Organizations that are funded must be members of the following class of beneficiaries named in the governing document: YMCA/YWCA, Churches, Health Care Facilities, Public Libraries.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $4,214,560

Other Revenue $0

TOTAL REVENUE $4,214,560

Expense Breakdown

Grants Paid $3,127,445

Salaries & Benefits $134,560

Fundraising Expenses $0

Program Expenses $3,322,390

Other Expenses $100,385

TOTAL EXPENSES $3,362,390

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,214,560	$3,893,379	+0.1%
Expenses	$3,362,390	$3,712,472	-0.1%
Net Income	$852,170	$180,907	+3.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

$90,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tory Mackey	Executive Director	40	Key Emp	$90,000	$0	$90,000
E Lawton Benton	Chair	2	Officer Director	$0	$0	$0
Edwin Hinds	Secretary	2	Officer Director	$0	$0	$0
Albert Springs	Treasurer	2	Officer Director	$0	$0	$0
Jan Conrad	Director	2	Director	$0	$0	$0
Carolynn Lund	Director	2	Director	$0	$0	$0
Clark Butler	Director	2	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
2025	$4,214,560	$3,362,390	$16,282,968	$852,170
2024	No data	No data	No data	No data
2022	$3,160,962	$2,913,607	$14,097,546	$247,355
2021	$2,910,170	$2,640,195	$13,865,791	$269,975
2020	$1,827,473	$1,471,353	$13,603,620	$356,120
2018	$2,681,705	$2,238,445	$12,339,113	$443,260

CHAPIN FOUNDATION OF MYRTLE BEACH SC