BOY SCOUTS OF AMERICA COUNCIL 552 PEE DEE AREA COUNCIL

EIN: 570314451 501(c)(3)

FLORENCE, SC

Total Revenue
$-1,809,786
Total Expenses
$1,463,733
Total Assets
$4,820,690
Net Assets
$3,376,333
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1943
Legal Domicile
SC
Principal Officer
MICHAEL HESBACH
Phone
8436626306
Tax Period
2021-01-01 to 2021-12-31

BOY SCOUTS OF AMERICA COUNCIL 552 PEE DEE AREA COUNCIL, founded in 1943, is a micro nonprofit that reported $1.8M in total revenue in fiscal year 2021. Revenue fell 378% from the prior year — a significant decline worth monitoring.

Mission

THE CORPORATION SHALL PROMOTE, WITHIN THE TERRITORY COVERED BY THE CHARTER FROM TIME TO TIME GRANTED IT BY THE BOY SCOUTS OF AMERICA AND IN ACCORDANCE WITH THE CONGRESSIONAL CHARTER, BYLAWS, AND RULES AND REGULATIONS OF THE BOY SCOUTS OF AMERICA, THE SCOUNTING PROGRAM OF PROMOTING THE ABILITY OF BOYS AND YOUNG MEN AND WOMEN TO DO THINGS FOR THEMSELVES AND OTHERS, TRAINING THEM IN SCOUTCRAFT, AND TEACHING THEM PATRIOTISM, COURAGE, SELF-RELIANCE, AND KINDRED VIRTUES, USING THE METHODS WHICH ARE NOW IN COMMON USE BY THE BOY SCOUTS OF AMERICA.

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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 (2021)

Revenue Breakdown

Contributions & Grants $279,324
Program Service Revenue $62,486
Investment Income $-2,191,961
Other Revenue $40,365
TOTAL REVENUE $-1,809,786

Expense Breakdown

Grants Paid $0
Salaries & Benefits $282,025
Fundraising Expenses $37,927
Program Expenses $1,390,022
Other Expenses $1,181,708
TOTAL EXPENSES $1,463,733

Year-over-Year Comparison

2021 2020 Change
Revenue $-1,809,786 $650,299 -3.8%
Expenses $1,463,733 $731,444 +1.0%
Net Income $-3,273,519 $-81,145 +39.3%
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

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Governance

Voting Members
46
Independent Members
46
Employees
6
Volunteers
100

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
9
$60,156
Total Directors
9
$60,156
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHIL BETHUNE PRESIDENT 1.00
Officer Director
$0 $0 $0
PORTER STEWARD IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
DIANE BAUER COUNCIL COMMISSIONER 1.00
Officer Director
$0 $0 $0
DOUG FLOYD COUNCIL TREASURER 1.00
Officer Director
$0 $0 $0
ROBIN FOWLER VP OF PROPERTIES 1.00
Officer Director
$0 $0 $0
ED SUGGS VP OF MEMBERSHIP 1.00
Officer Director
$0 $0 $0
WEBB JONES VP, ENDOWMENT 1.00
Officer Director
$0 $0 $0
MICHAEL HESBACH SCOUT EXECUTIVE 40.00
Officer Director
$60,156 $0 $60,156
WALT BAREFOOT COUNCIL ATTORNEY 1.00
Officer 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
2021 $-1,809,786 $1,463,733 $4,820,690 $-3,273,519
2020 $650,299 $731,444 $5,804,646 $-81,145
2019 $777,969 $838,176 $5,990,001 $-60,207
2018 $1,362,654 $824,998 $5,335,028 $537,656
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