South Carolina Restaurant & Lodging Association (EIN 570342869) - 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

1952

Legal Domicile

Principal Officer

Susan Cohen

Phone

8037659000

Tax Period

2024-01-01 to 2024-12-31

South Carolina Restaurant & Lodging Association, founded in 1952, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024.

Mission

Dedicated to the growth and success of the hospitality industry and its economic impact in the state through advocacy, education and innovation.

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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 $21,233

Program Service Revenue $877,252

Investment Income $8,464

Other Revenue $204,208

TOTAL REVENUE $1,111,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $617,946

Fundraising Expenses $0

Program Expenses $1,063,024

Other Expenses $571,281

TOTAL EXPENSES $1,189,227

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,111,157	$1,106,360	+0.0%
Expenses	$1,189,227	$1,174,122	+0.0%
Net Income	$-78,070	$-67,762	+0.2%

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

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

$232,013

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Cohen	President & CEO	40.00	Officer	$124,828	$3,745	$128,573
Douglas OFlaherty	COO	37.00	Officer	$100,427	$3,013	$103,440
Vanessa Bailobreski	Director	1.00	Director	$0	$0	$0
Matt Burros	Director	1.00	Director	$0	$0	$0
Don Alcorn	Director	1.00	Director	$0	$0	$0
Dan Blumenstock	Director	1.00	Director	$0	$0	$0
Duane Davis	Director	1.00	Director	$0	$0	$0
Paul Garcia	Director	1.00	Director	$0	$0	$0
Jesse Bullard	Director	1.00	Director	$0	$0	$0
David Crone	Director	1.00	Director	$0	$0	$0
Tony Cuajunco	Director	1.00	Director	$0	$0	$0
David McMillan	Ex-Officio	1.00	Director	$0	$0	$0
Adam Ashcraft	Director	1.00	Director	$0	$0	$0
Randy DuVeaux	Director	1.00	Director	$0	$0	$0
Helen Hill	Ex-Offico	1.00	Director	$0	$0	$0
Thomas McDonald	Director	1.00	Director	$0	$0	$0
Dartarian Moore	Director	1.00	Director	$0	$0	$0
Adam Hayes	Director	1.00	Director	$0	$0	$0
Kyle Hughey	Director	1.00	Director	$0	$0	$0
Harris Mullis	Director	1.00	Director	$0	$0	$0
Duane Parrish	Ex-Officio	1.00	Director	$0	$0	$0
Robert E Williams Jr	Director	1.00	Director	$0	$0	$0
Payden Mitchell	Director	1.00	Director	$0	$0	$0
Bob Munnich	Director	1.00	Director	$0	$0	$0
Nathan Rex	Director	1.00	Director	$0	$0	$0
Danielle Nance	Director	1.00	Director	$0	$0	$0
Chris Olson	Director	1.00	Director	$0	$0	$0
Amy Duffy	Ex-Officio	1.00	Director	$0	$0	$0
Chris Oxford	Director	1.00	Director	$0	$0	$0
Madison Parket	Director	1.00	Director	$0	$0	$0
Catherine Dority	Ex-Officio	1.00	Director	$0	$0	$0
Suzanne Hinde	Honorary Member	1.00	Director	$0	$0	$0
Scott Smith	Director	1.00	Director	$0	$0	$0
Jay Wiendl	Director	1.00	Director	$0	$0	$0
Rick Erwin	Director	1.00	Director	$0	$0	$0
Tracy Conner	Ex-Officio	1.00	Director	$0	$0	$0
Tommy Hall	Director	1.00	Director	$0	$0	$0
Bill Groves	Director	1.00	Director	$0	$0	$0
Holly Penny	Director	1.00	Director	$0	$0	$0
Michelle Woodhull	Director	1.00	Director	$0	$0	$0
Andy Wolfe	Director	1.00	Director	$0	$0	$0
Jonathan Kish	Exec Comm Membe	1.00	Officer	$0	$0	$0
Steve Cook	Exec Comm Membe	1.00	Officer	$0	$0	$0
Carl Sobocinski	Past Chair	1.00	Officer	$0	$0	$0
Sam Agee	Director	1.00	Officer	$0	$0	$0
Gil Smith	Exec Comm Membe	1.00	Officer	$0	$0	$0
Kirk Watkins	Vice Chair	1.00	Officer	$0	$0	$0
Chad Patterson	Exec Comm Membe	1.00	Officer	$0	$0	$0
Jonathan Sullivan	Treasurer	1.00	Officer	$0	$0	$0
Tony Tam	Chairman	1.00	Officer	$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	$1,111,157	$1,189,227	$442,455	$-78,070
2023	$1,106,360	$1,174,122	$506,178	$-67,762
2022	$1,043,228	$952,452	$573,044	$90,776
2021	$1,058,611	$882,287	$490,459	$176,324
2020	$842,901	$735,516	$295,318	$107,385
2019	$991,072	$932,217	$217,219	$58,855
2018	$852,778	$901,646	$172,392	$-48,868

South Carolina Restaurant & Lodging Association