CAMDEN MILITARY ACADEMY

EIN: 570602035 501(c)(3) Education

CAMDEN, SC

Total Revenue
$10,958,950
Total Expenses
$8,877,421
Total Assets
$33,597,791
Net Assets
$32,783,096
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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
1974
Legal Domicile
SC
Principal Officer
COL ERIC BOLAND
Phone
8034326001
Tax Period
2024-06-01 to 2025-05-31

CAMDEN MILITARY ACADEMY, founded in 1974, is a mid-sized nonprofit in the Education sector that reported $11.0M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $2.1M, a strong 19% operating margin.

Mission

CAMDEN MILITARY ACADEMY PROVIDES INSTRUCTIONAL SERVICE TO STUDENTS GRADES 7-12. IT MAINTAINS A FACULTY, DORMITORY, MESS HALL, INFIRMARY, CLASSROOMS AND RECREATIONAL FACILITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $231,998
Program Service Revenue $8,830,960
Investment Income $1,869,316
Other Revenue $26,676
TOTAL REVENUE $10,958,950

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,609,631
Fundraising Expenses $29,054
Program Expenses $5,870,644
Other Expenses $4,267,790
TOTAL EXPENSES $8,877,421

Year-over-Year Comparison

2024 2023 Change
Revenue $10,958,950 $11,552,698 -0.1%
Expenses $8,877,421 $9,150,306 0.0%
Net Income $2,081,529 $2,402,392 -0.1%
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

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Governance

Voting Members
10
Independent Members
10
Employees
142
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
0
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COL ERIC BOLAND HEADMASTER N/A
Highest
$268,085 $14,110 $282,195
MR EDWARD COTTINGHAM BOARD OF TRU N/A
Director
$0 $0 $0
MR RODNEY FULLWOOD BOARD OF TRU N/A
Director
$0 $0 $0
MR WALKER GREGORY BOARD OF TRU N/A
Director
$0 $0 $0
MR FRANK PRICE OSTEEN II BOARD OF TRU N/A
Director
$0 $0 $0
MR E ALBERT WALKER III BOARD OF TRU N/A
Director
$0 $0 $0
MR STAN MABRY BOARD OF TRU N/A
Director
$0 $0 $0
COL LANNING P RISHER BOARD OF TRU N/A
Director
$0 $0 $0
MR A CAMPBELL WALTERS CHAIRMAN N/A
Director
$0 $0 $0
MR CHRISTOPHER H WHITE BOARD OF TRU N/A
Director
$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 $10,958,950 $8,877,421 $33,597,791 $2,081,529
2024 $11,552,698 $9,150,306 $31,360,643 $2,402,392
2023 $8,961,673 $8,752,075 $26,814,871 $209,598
2023 $8,961,673 $8,752,075 $26,814,871 $209,598
2022 $8,933,246 $7,857,526 $24,029,002 $1,075,720
2021 $10,019,538 $7,311,854 $22,649,369 $2,707,684
2020 $10,450,081 $8,310,475 $20,809,206 $2,139,606
2019 $9,590,831 $8,275,535 $18,030,766 $1,315,296
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