Presbyterian Communities of South … - 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

1954

Legal Domicile

Phone

8037725885

Tax Period

2023-01-01 to 2023-12-31

Presbyterian Communities of South Carolina, founded in 1954, is a mid-sized nonprofit in the Human Services sector that reported $76.9M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

PRESBYTERIAN COMMUNITIES OF SOUTH CAROLINA OPERATES SIX NOT-FOR-PROFIT CONTINUING CARE RETIREMENT COMMUNITIES AND IS ASSOCIATED WITH THE PRESBYTERIAN CHURCH (USA) AND OFFERS A VARIETY OF LIFESTYLE CHOICES TO MEET THE DIVERSE AND CHANGING NEEDS OF TODAY'S SENIORS. THEIR MISSION STATEMENT: WE ARE A COMPASSIONATE CHRISTIAN MINISTRY DEDICATED TO ENRICHING THE QUALITY OF LIFE FOR SENIORS OF ALL FAITHS.

Program Service Accomplishments

Program 1

Expenses: $56,891,239 Revenue: $74,910,694

The Organization currently operates six retirement communities in various locations across South Carolina providing independent living accommodations, assisted living and skilled nursing. In 2023, an average of 928 residents were served each month across the continuum of care. The Organization also provides assistance in the form of reduced fees to qualifying residents who have exhausted their financial resources. The charges foregone related to this assistance, or financial subsidy, net of recoveries, amounted to $1,272,026 and $1,037,891 during 2023 and 2022, respectively. There were 19 residents assisted in 2023 and 22 residents served in 2022.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,112,228

Program Service Revenue $74,910,694

Investment Income $762,482

Other Revenue $144,585

TOTAL REVENUE $76,929,989

Expense Breakdown

Grants Paid $1,272,026

Salaries & Benefits $39,946,556

Fundraising Expenses $520,877

Program Expenses $56,891,239

Other Expenses $38,256,421

TOTAL EXPENSES $79,475,003

Year-over-Year Comparison

	2023	2022	Change
Revenue	$76,929,989	$64,282,082	+0.2%
Expenses	$79,475,003	$68,667,547	+0.2%
Net Income	$-2,545,014	$-4,385,465	-0.4%

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

1717

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

$691,398

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Secretary	1.0	Director	$0	$0	$0
N/A	Board Mamber	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Chair	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	COO	40.0	Officer	$220,435	$12,592	$233,027
N/A	CFO	39.0	Officer	$90,233	$4,086	$94,319
N/A	CEO	39.0	Officer	$349,433	$14,619	$364,052
N/A	Executive Director	40.0	Highest	$157,163	$2,926	$160,089
N/A	Executive Director	40.0	Highest	$147,139	$10,631	$157,770
N/A	Executive Director	40.0	Highest	$149,528	$10,328	$159,856
N/A	Director Therapy Services	40.0	Highest	$157,191	$4,537	$161,728
N/A	Director - IT	40.0	Highest	$144,163	$10,088	$154,251

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	No data	No data	No data	No data
2023	$76,929,989	$79,475,003	$169,267,528	$-2,545,014
2022	$64,282,082	$68,667,547	$169,328,957	$-4,385,465
2021	$58,903,174	$60,925,216	$133,476,143	$-2,022,042
2020	$58,596,900	$61,647,085	$121,013,442	$-3,050,185
2019	$59,410,170	$62,308,060	$118,605,394	$-2,897,890
2018	$57,666,338	$59,424,221	$122,757,267	$-1,757,883

Presbyterian Communities of South Carolina