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 FOUNDATION RESOURCES, DEVELOPS, AND INCUBATES SOLUTIONS TO STRENGTHEN THE STATE'S WORKFORCE THROUGH A VARIETY OF ACTIVITIES. IT ENGAGES WITH THE SYSTEM AND ITS INDIVIDUAL TECHNICAL COLLEGES STATEWIDE TO DEVELOP ACCESSIBLE, AFFORABLE PROGRAMMING TO SERVE URBAN, SUBURBAN, AND RURAL COMMUNITIES ACROSS SOUTH CAROLINA; CONNECT EMPLOYERS TO TESTED, INNOVATIVE TALENT DEVELOPMENT APPROACHES TO FILING IN-DEMAND, HIGH-SKILLED JOBS IN A DYNAMIC ECONOMY; AND ACHIEVE OUTCOMES THE SYSTEM MAY NOT OTHERWISE ACCOMPLISH ON ITS OWN. THE FOUNDATION IDENTIFIES OPPORTUNITIES TO EQUIP SOUTH CAROLINA WORKERS WITH THE TOOLS TO BE SKILLED LEARDERS OF NEW AND EXISTING INDUSTRIES AND EXPAND SOUTH CAROLINA'S EMPLOYMENT ECOSYSTEM. THE FOUDNATION HARNESSES PRIVATE RESOURCES TO BOLSTER THE ASSETS OF THE STATE'S LARGEST HIGHER EDUCATION SYSTEM AND DRIVES INNOVATION TO SUPPORT THE WORKFORCE OF TODAY AND TOMORROW.
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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