CHAPIN FOUNDATION OF MYRTLE BEACH SC

EIN: 566039453

Myrtle Beach, SC

Total Revenue
$4,214,560
Total Expenses
$3,362,390
Total Assets
$16,282,968
Net Assets
$16,282,968
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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
1943
Legal Domicile
SC
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

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

Program Service Accomplishments

Program 1
Expenses: $3,322,390 Revenue: $0

The Chapin Foundation of Myrtle Beach SC provides funds to support various organizations in Myrtle Beach SC and limited surrounding areas. Organizations that are funded much be members of the...

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

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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%)

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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
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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

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Governance

Voting Members
6
Independent Members
6
Employees
2
Volunteers
10

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
3
$0
Total Directors
6
$0
Key Employees
1
$90,000
Highest Compensated
0
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
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