PRESBYTERIAN COLLEGE

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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

1903

Legal Domicile

Principal Officer

ANITA GUSTAFSON

Phone

8648338477

Tax Period

2024-07-01 to 2025-06-30

PRESBYTERIAN COLLEGE, founded in 1903, is a mid-sized nonprofit in the Housing & Shelter sector that reported $76.7M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $158.1M represent 25 months of operating reserves.

Mission

THE COMPELLING PURPOSE OF PRESBYTERIAN COLLEGE, AS A CHURCH-RELATED COLLEGE, IS TO DEVELOP WITHIN THE FRAMEWORK OF CHRISTIAN FAITH THE MENTAL, PHYSICAL, MORAL, AND SPIRITUAL CAPACITIES OF EACH STUDENT IN (SEE SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $72,515,091 Revenue: $61,852,547

PRESBYTERIAN COLLEGE IS A PRIVATE, RESIDENTIAL, FOUR-YEAR LIBERAL ARTS COLLEGE. WITH SMALL CLASSES AND FACULTY WHO WANT THE BEST FOR STUDENTS, OUR SUPPORTIVE COMMUNITY PROVIDES MORE THAN AN...

PRESBYTERIAN COLLEGE IS A PRIVATE, RESIDENTIAL, FOUR-YEAR LIBERAL ARTS COLLEGE. WITH SMALL CLASSES AND FACULTY WHO WANT THE BEST FOR STUDENTS, OUR SUPPORTIVE COMMUNITY PROVIDES MORE THAN AN EXCEPTIONAL LIBERAL ARTS EDUCATION. PRESBYTERIAN COLLEGE EMPOWERS STUDENTS TO BE SERVANT LEADERS IN THEIR COMMUNITIES THROUGH CHALLENGING ACADEMICS AND A CULTURE OF HONOR AND ETHICS. PRESBYTERIAN COLLEGE HAS A GRADUATE SCHOOL OF HEALTH SCIENCES WHICH INCLUDES SCHOOL OF PHARMACY, PHYSICIAN ASSISTANT PROGRAM, AND AN OCCUPATIONAL THERAPY DOCTORAL PROGRAM. EACH PROFESSIONAL PROGRAM IS DESIGNED TO IMPROVE THE HEALTH OF SOUTH CAROLINIANS AND SOCIETY IN GENERAL BY DEVELOPING STUDENTS WITH AN UNWAVERING ETHICAL FOUNDATION WHO WILL POSITIVELY (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 (2024)

Revenue Breakdown

Contributions & Grants $6,532,237

Program Service Revenue $61,852,547

Investment Income $5,925,462

Other Revenue $2,359,928

TOTAL REVENUE $76,670,174

Expense Breakdown

Grants Paid $29,199,108

Salaries & Benefits $21,597,433

Fundraising Expenses $1,310,485

Program Expenses $72,515,091

Other Expenses $29,394,305

TOTAL EXPENSES $80,300,865

Year-over-Year Comparison

	2024	2023	Change
Revenue	$76,670,174	$67,870,455	+0.1%
Expenses	$80,300,865	$75,535,830	+0.1%
Net Income	$-3,630,691	$-7,665,375	-0.5%

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

712

Volunteers

250

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

$354,463

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUTH ROPER	BOARD CHAIR	1.50	Officer Director	$0	$0	$0
JOHN BREARLEY	BOARD VICE CHAIR	1.50	Officer Director	$0	$0	$0
EG LASSITER	BOARD VICE CHAIR (PART YEAR)	1.50	Officer Director	$0	$0	$0
FLOYD NICHOLSON	BOARD SECRETARY	1.50	Officer Director	$0	$0	$0
LOUISE SLATER	BOARD SECRETARY (PART YEAR)	1.50	Officer Director	$0	$0	$0
ROBIN BOREN	TRUSTEE	1.50	Director	$0	$0	$0
LUMUS BYRD	TRUSTEE	1.50	Director	$0	$0	$0
WILLIE COOPER	TRUSTEE	1.50	Director	$0	$0	$0
TOM FREE	TRUSTEE	1.50	Director	$0	$0	$0
GREGG FRIERSON	TRUSTEE	1.50	Director	$0	$0	$0
WHITNEY HARRISON	TRUSTEE	1.50	Director	$0	$0	$0
JOHN INMAN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN JESELNIK	TRUSTEE	1.00	Director	$0	$0	$0
DANNY MURPHY	TRUSTEE	1.50	Director	$0	$0	$0
WES NALLEY	TRUSTEE	1.00	Director	$0	$0	$0
CHAD PRASHAD	TRUSTEE	1.50	Director	$0	$0	$0
HOLBROOK RAYNAL	TRUSTEE	1.00	Director	$0	$0	$0
JIMMY SAIN	TRUSTEE	1.50	Director	$0	$0	$0
NATHAN SENN	TRUSTEE	1.50	Director	$0	$0	$0
STEVE SMITH	TRUSTEE	1.00	Director	$0	$0	$0
BRAD SPEARMAN	TRUSTEE	1.00	Director	$0	$0	$0
ANN TAYLOR MORGAN	TRUSTEE	1.50	Director	$0	$0	$0
BRAD BRYANT	TRUSTEE (PART YEAR)	1.50	Director	$0	$0	$0
HARTWELL DEW	TRUSTEE (PART YEAR)	1.50	Director	$0	$0	$0
JERI PARRIS-PERKINS	TRUSTEE (PART YEAR)	1.50	Director	$0	$0	$0
TED PITTS	TRUSTEE (PART YEAR)	1.50	Director	$0	$0	$0
STAN REID	TRUSTEE (PART YEAR)	1.00	Director	$0	$0	$0
BRANDI CASTO-WATERS	TRUSTEE	1.50	Director	$0	$0	$0
STEVE CROWE	TRUSTEE	1.50	Director	$0	$0	$0
JOHN DANDREA	TRUSTEE	1.50	Director	$0	$0	$0
PAUL GRIER	TRUSTEE	1.50	Director	$0	$0	$0
SARA HAZZARD	TRUSTEE	1.50	Director	$0	$0	$0
ROBERT THOMAS	TRUSTEE	1.50	Director	$0	$0	$0
JORDAN YOUNG	TRUSTEE	1.50	Director	$0	$0	$0
ANITA GUSTAFSON	PRESIDENT	37.50	Officer	$305,556	$48,907	$354,463
DANIEL HALL INTERIM VP -	FINANCE & ADMINISTRATION	37.50	Officer	$0	$0	$0
DEE NICHOLS	ATHLETIC DIRECTOR	37.50	Highest	$136,247	$18,506	$154,753
FRANCIS SCHODOWSKI	VP - ADVANCEMENT	37.50	Highest	$135,106	$30,080	$165,186
GIUSEPPE GUMINA	DEAN - SCHOOL OF PHARMACY	37.50	Highest	$165,441	$18,448	$183,889
KAYCE SHEALY ASSOC DEAN FOR	ACADEMIC AFFAIRS-PHARMACY SCH	37.50	Highest	$162,324	$24,708	$187,032
STEVE ENGLEHART	HEAD FOOTBALL COACH	37.50	Highest	$161,529	$25,605	$187,134

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	$76,670,174	$80,300,865	$171,827,108	$-3,630,691
2024	$67,870,455	$75,535,830	$172,485,734	$-7,665,375
2023	$67,335,105	$76,719,009	$174,616,975	$-9,383,904
2022	$88,923,776	$75,068,910	$169,714,653	$13,854,866
2021	$82,344,801	$69,161,981	$178,788,042	$13,182,820
2020	$69,186,171	$69,596,937	$151,722,044	$-410,766
2019	$68,947,315	$76,162,101	$148,301,180	$-7,214,786
2018	$73,277,336	$69,142,053	$189,170,118	$4,135,283