Columbia, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)South Carolina Technical College System Foundation, founded in 1965, is a small nonprofit in the Education sector that reported $628K in total revenue in fiscal year 2023. Revenue surged 457% from the prior year, signaling strong growth momentum. The organization ran a surplus of $211K, a strong 34% operating margin.
THE MISSION OF THE FOUNDATION IS TO BE A SUPPORTING ORGANIZATION OF THE SOUTH CAROLINA TECHNICAL COLLEGE SYSTEM (THE "SYSTEM"). THE FOUNDATION FOSTERS ENDURING RELATIONSHIPS THAT BUILD ADVOCACY AND SUPPORT FOR THE SYSTEM AND THE SIXTEEN (16) TECHNICAL COLLEGES ASSOCIATED THEREWITH, TO ENSURE AND PROMOTE EDUCATIONAL EXCELLENCE. THE FOUNDATION SUPPORTS THE SOUTH CAROLINA TECHNICAL COLLEGE SYSTEM'S EFFORTS TO PROVIDE HIGH-QUALITY, RELEVANT, AND EFFECTIVE PROGRAMS TO PROMOTE ECONOMIC AND WORKFORCE DEVELOPMENT WITHIN THE STATE.
CREATE OPPORTUNITY IS AN INITIATIVE OF THE FOUNDATION THAT INCREASES THE SUPPLY OF HIGH-DEMAND SOFTWARE ENGINEERS THROUGH A SCREENING, TRAINING AND APPRENTICESHIP MODEL DESIGNED FOR INDIVIDUALS FROM...
CREATE OPPORTUNITY IS AN INITIATIVE OF THE FOUNDATION THAT INCREASES THE SUPPLY OF HIGH-DEMAND SOFTWARE ENGINEERS THROUGH A SCREENING, TRAINING AND APPRENTICESHIP MODEL DESIGNED FOR INDIVIDUALS FROM DIVERSE, NON-TECHNICAL BACKGROUNDS. THE FOUNDATION HAS DEVELOPED A UNIQUE, HIGH-IMPACT CURRICULUM THAT YIELDS DIFFERENTIATED RESULTS. TO DATE, 100% OF THE FOUNDATION'S APPRENTICES HAVE BEEN PLACED AT A MEDIAN SALARY IN EXCESS OF $50,000 PER YEAR WITH HEALTH INSURANCE AND RETIREMENT BENEFITS.CREATE OPPORTUNITY'S PROGRAM HAS BEEN DEVELOPED IN PARTNERSHIP WITH SOUTH CAROLINA'S TECHNICAL COLLEGE SYSTEM, AND CONSISTS OF CURRICULUM DEVELOPOMENT, SOFT SKILLS AND LIFE COUNSELING, FINANCIAL SUPPORT AND PARTNERSHIPS TO ENSURE LONG-TERM SUCCESS.CURRENT INDICATORS OF SUCCESS INCLUDE:1. STUDENT ENROLLMENT AND COMPLETION RATES - GRADUATION RATE HAS IMPROVED WITH EVERY COHORT FOR 2.5 YEARS. COMPLETION RATE = 61%;2. Job placement/retention rates - % of graduates employed in their field within 6 months of graduation = 100%, graduates who remain employed after 1 year = 92%;3. Skills proficiency - regular testing to measure proficiency in key technical skills;4. Program efficiency - regular feedback from instructors to asses curriculum effectiveness and student progress; and5. Income improvement - average participant income increases 76% upon placement in first apprenticeship, potential earnings of $1.2 million over 20 years.
Annually, the Foundation provides an amount applied for and disbursed to the South Carolina State Technical College System to support economic development and technical education.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $628,161 | $112,732 | +4.6% |
| Expenses | $416,775 | $179,284 | +1.3% |
| Net Income | $211,386 | $-66,552 | -4.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Mac Bennett | Interim CEO | 40.00 |
Officer
|
$27,919 | $0 | $27,919 |
| BEN REX | Chairperson | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN LS SIMPKINS | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KATIE BOGAN | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| EDWARD GRANTLAND BURNS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| WARREN DARBY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| SARA FAWCETT | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MATTHEW RICHARDSON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DR CAROLYN SWINTON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DR ERSHELA SIMS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DR TIM HARDEE | Ex Officio | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $628,161 | $416,775 | $858,754 | $211,386 |
| 2023 | $112,732 | $179,284 | $615,373 | $-66,552 |
| 2022 | $205,644 | $213,327 | $642,585 | $-7,683 |
| 2021 | $143,087 | $29,469 | $858,248 | $113,618 |
| 2020 | $39,311 | $538,828 | $638,642 | $-499,517 |
| 2019 | $1,386,586 | $775,821 | $1,161,670 | $610,765 |
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