UNIVERSITY OF SOUTH CAROLINA UPSTATE FOUNDATION (EIN 570555699) - 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

1973

Legal Domicile

Phone

8645037417

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY OF SOUTH CAROLINA UPSTATE FOUNDATION, founded in 1973, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2024. Revenue surged 149% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 39% operating margin.

Mission

ORGANIZATION ESTABLISHED TO OPERATE AS A PERMANENT FOUNDATION TO ACCEPT GIFTS FOR CHARITABLE, BENEVOLENT, CULTURAL, AND EDUCATIONAL PURPOSED FOR THE EXCLUSIVE USE AND BENEFIT OF THE UNIVERSITY OF SOUTH CAROLINA UPSTATE.

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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 $4,257,812

Program Service Revenue $0

Investment Income $758,701

Other Revenue $246,271

TOTAL REVENUE $5,262,784

Expense Breakdown

Grants Paid $2,649,494

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,709,911

Other Expenses $545,044

TOTAL EXPENSES $3,194,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,262,784	$2,111,002	+1.5%
Expenses	$3,194,538	$2,657,394	+0.2%
Net Income	$2,068,246	$-546,392	-4.8%

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

N/A

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

$231,638

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bynum Judy	Secretary	1.0	Officer Director	$0	$0	$0
Cole Suzy	Chair	1.0	Officer Director	$0	$0	$0
Kelly Cindy	Treasurer	1.0	Officer Director	$0	$0	$0
Leopard Ken	Cive Chair	1.0	Officer Director	$0	$0	$0
Aldrich Steve	Board Member	1.0	Director	$0	$0	$0
Brown Jeff	Board Member	1.0	Director	$0	$0	$0
Hannon Linda	Board Member	1.0	Director	$0	$0	$0
Hodge Jakie	Board Member	1.0	Director	$0	$0	$0
Jane Jennings Mary	Board Member	1.0	Director	$0	$0	$0
Johnston Scott	Board Member	1.0	Director	$0	$0	$0
McGee Terence	Board Member	1.0	Director	$0	$0	$0
Merhib Vanessa	Board Member	1.0	Director	$0	$0	$0
Randall Gary Dr	Board Member	1.0	Director	$0	$0	$0
Ruffin Claudia	Board Member	1.0	Director	$0	$0	$0
Tam Kelly	Board Member	1.0	Director	$0	$0	$0
Thompson Beth	Board Member	1.0	Director	$0	$0	$0
Young IV Thomas	Board Member	1.0	Director	$0	$0	$0
RJ Gimbl	Executive Director	1.0	Officer	$0	$51,184	$231,638

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	$5,262,784	$3,194,538	$23,512,973	$2,068,246
2024	No data	No data	No data	No data
2023	$1,158,455	$1,886,937	$17,481,798	$-728,482
2022	$2,901,913	$1,623,628	$16,823,621	$1,278,285
2021	$1,215,362	$810,098	$18,047,527	$405,264
2020	$1,185,850	$892,005	$15,914,516	$293,845
2019	$2,485,841	$939,469	$15,515,195	$1,546,372

UNIVERSITY OF SOUTH CAROLINA UPSTATE FOUNDATION