South Carolina Independent College… - Form 990 Financial Data

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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

1953

Legal Domicile

Principal Officer

Ashleigh Hohmann

Phone

8037997122

Tax Period

2024-09-01 to 2025-08-31

South Carolina Independent Colleges and Universities, founded in 1953, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Net assets of $5.7M represent 63 months of operating reserves.

Mission

SCICU SEEKS TO ADVANCE HIGHER EDUCATION IN SOUTH CAROLINA THROUGH FUNDRAISING, SCHOLARSHIPS, RESEARCH, AS WELL AS FACILITATING COLLABORATIVE ACTIVITIES AMONG THE MEMBER INSTITUTIONS. SCICU ALSO ENHANCES A POSITIVE PUBLIC IMAGE AND ENCOURAGES GOVERNMENT POLICIES THAT SUPPORT INDEPENDENT HIGHER EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $976,715

TO PLAN, CONDUCT, COORDINATE AND FINANCE ACTIVITIES THAT PROMOTE THE WELL-BEING OF PRIVATE COLLEGES AND UNIVERSITIES IN SOUTH CAROLINA.

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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 $937,393

Program Service Revenue $0

Investment Income $107,584

Other Revenue $48,097

TOTAL REVENUE $1,093,074

Expense Breakdown

Grants Paid $587,046

Salaries & Benefits $422,593

Fundraising Expenses $26,948

Program Expenses $976,715

Other Expenses $175,913

TOTAL EXPENSES $1,185,552

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,093,074	$1,318,973	-0.2%
Expenses	$1,185,552	$1,309,568	-0.1%
Net Income	$-92,478	$9,405	-10.8%

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

N/A

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

$224,344

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Emma Reabold	Vice President	40.00	Officer	$120,900	$0	$120,900
Jeff Perez	President	40.00		$97,684	$0	$97,684
Ashleigh Hohmann	Dir Finance	40.00	Officer	$65,000	$0	$65,000
Brenda Torrence	Coordinator	40.00	Officer	$38,444	$0	$38,444
Ernest C McNealey	Trustee	0.20	Director	$0	$0	$0
Evans P Whitaker	Trustee	0.20	Director	$0	$0	$0
Roslyn C Artis	Trustee	0.20	Director	$0	$0	$0
David Harpool	Trustee	0.20	Director	$0	$0	$0
B Keith Faulkner	Trustee	0.20	Director	$0	$0	$0
Dwaun J Warmack	Trustee	0.20	Director	$0	$0	$0
Natalie J Harder	Trustee	0.20	Director	$0	$0	$0
John Dozier	Trustee	0.20	Director	$0	$0	$0
William H Jones	Trustee	0.20	Director	$0	$0	$0
Boone J Hopkins	Trustee	0.20	Director	$0	$0	$0
Steven C Adamson	Trustee	0.20	Director	$0	$0	$0
Elizabeth B Davis	Trustee	0.20	Director	$0	$0	$0
Nathan B Copeland	Trustee	0.20	Director	$0	$0	$0
Said L Sewell	Trustee	0.20	Director	$0	$0	$0
Bruce McAllister	Trustee	0.20	Director	$0	$0	$0
Gene C Fant Jr	Trustee	0.20	Director	$0	$0	$0
Anita O Gustafson	Trustee	0.20	Director	$0	$0	$0
William D Barker	Trustee	0.20	Director	$0	$0	$0
W Scott Cochran	Trustee	0.20	Director	$0	$0	$0
Ronnie Hopkins	Trustee	0.20	Director	$0	$0	$0
Nayef H Samhat	Trustee	0.20	Director	$0	$0	$0
Susan Amick	Trustee	0.20	Director	$0	$0	$0
Ava Ayers	Trustee	0.20	Director	$0	$0	$0
Karyn Parker	Trustee	0.20	Director	$0	$0	$0
Jerry Bentley	Trustee	0.20	Director	$0	$0	$0
Tyson Blanton	Trustee	0.20	Director	$0	$0	$0
Willis Cantey	Trustee	0.20	Director	$0	$0	$0
Blake Dowd	Trustee	0.20	Director	$0	$0	$0
Kristi Eidson	Trustee	0.20	Director	$0	$0	$0
Steve Groth	Trustee	0.20	Director	$0	$0	$0
Scott Hagler	Trustee	0.20	Director	$0	$0	$0
David Harrell	Trustee	0.20	Director	$0	$0	$0
Michael Jackson	Trustee	0.20	Director	$0	$0	$0
Wade Kolb	Trustee	0.20	Director	$0	$0	$0
Tom Kutyla	Trustee	0.20	Director	$0	$0	$0
Dennis Lynch	Trustee	0.20	Director	$0	$0	$0
Jada Mcabee	Trustee	0.20	Director	$0	$0	$0
Donny McElveen	Trustee	0.20	Director	$0	$0	$0
Lucy Grey McIver	Trustee	0.20	Officer Director	$0	$0	$0
Robert McKie	Trustee	0.20	Director	$0	$0	$0
Adela Mendoza	Trustee	0.20	Director	$0	$0	$0
Ben Porter	Trustee	0.20	Director	$0	$0	$0
John Ramsey	Trustee	0.20	Director	$0	$0	$0
Kalisha Richardson	Trustee	0.20	Director	$0	$0	$0
Mark Robbins	Trustee	0.20	Director	$0	$0	$0
Patrick Sapp	Trustee	0.20	Director	$0	$0	$0
Kevin Short	Trustee	0.20	Director	$0	$0	$0
Caryn Vedane	Trustee	0.20	Director	$0	$0	$0
Danna Vetter	Trustee	0.20	Director	$0	$0	$0
Brent Weaver	Trustee	0.20	Director	$0	$0	$0
Sharon Williams	Trustee	0.20	Director	$0	$0	$0
Chris Zimmer	Trustee	0.20	Director	$0	$0	$0
Robert Lloyd	President & CEO	40.00	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
2025	$1,093,074	$1,185,552	$5,728,099	$-92,478
2024	$1,318,973	$1,309,568	$5,437,274	$9,405
2023	$1,187,190	$1,380,787	$4,898,954	$-193,597
2022	$1,191,380	$1,338,618	$4,869,816	$-147,238
2021	$1,655,308	$1,248,856	$5,759,695	$406,452
2020	$1,544,439	$1,262,259	$5,093,477	$282,180
2019	$1,256,217	$1,173,348	$4,693,206	$82,869
2018	$1,264,662	$1,184,196	$4,798,064	$80,466

South Carolina Independent Colleges and Universities