COLUMBIA, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOUTH CAROLINA STUDENT LOAN CORP, founded in 1973, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $65.0M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $17.4M, a strong 27% operating margin.
SCSLC AIDS IN THE FULFILLMENT OF THE DESIRE AND DIRECTION OF THE PEOPLE OF SOUTH CAROLINA IN MAKING LOANS AVAILABLE TO RESIDENTS TO ENABLE THEM TO ATTEND ELIGIBLE INSTITUTIONS WHICH ARE BEYOND THE PUBLIC-SCHOOL LEVEL. SCSLC IS ALSO EMPOWERED TO ACT AS AN AGENT FOR OTHER INSTITUTIONS AND FOUNDATIONS TO RECEIVE, INVEST, HANDLE AND DISBURSE FUNDS, AND TO SERVICE STUDENT LOANS, GUARANTEES OF STUDENT LOANS, INSURANCE OF STUDENT LOANS AND ACQUISITIONS OF CONTINGENT INTEREST IN STUDENT LOANS FOR OTHER PRIVATE, OR GOVERNMENTAL INSTITUTIONS AND FOUNDATIONS.
PROVIDE STUDENT LOANS TO ELIGIBLE BORROWERS FOR HIGHER EDUCATION AND SERVICE THE LOANS UNTIL PAID BY THE BORROWERS.
POWER:ED, AN ARM OF THE CORPORATION ESTABLISHED TO ASSIST IN FULFILLING SOME OF THE CORPORATION'S PHILANTHROPIC INITIATIVES WITHIN ITS MISSION, PROVIDED APPROXIMATELY $1,250,000 IN GRANT AWARDS...
POWER:ED, AN ARM OF THE CORPORATION ESTABLISHED TO ASSIST IN FULFILLING SOME OF THE CORPORATION'S PHILANTHROPIC INITIATIVES WITHIN ITS MISSION, PROVIDED APPROXIMATELY $1,250,000 IN GRANT AWARDS DURING THE FISCAL YEAR ENDED JUNE 30, 2024.
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 | $65,003,840 | $58,099,567 | +0.1% |
| Expenses | $47,614,325 | $47,535,560 | +0.0% |
| Net Income | $17,389,515 | $10,564,007 | +0.6% |
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 |
|---|---|---|---|---|---|---|
| WILLIE JEFFRIES | DIRECTOR | 1.00 |
Director
|
$15,000 | $0 | $15,000 |
| JAMES THORNTON KIRBY | CHAIR | 1.00 |
Officer
Director
|
$30,000 | $0 | $30,000 |
| GAUTAM S GHATNEKAR DVM PH D | DIRECTOR | 1.00 |
Director
|
$21,669 | $0 | $21,669 |
| CHARLIE C SANDERS JR | DIRECTOR | 1.00 |
Director
|
$15,000 | $0 | $15,000 |
| BARBARA F WESTON | DIRECTOR | 1.00 |
Director
|
$13,000 | $0 | $13,000 |
| RENEE R BROOKS | DIRECTOR | 1.00 |
Director
|
$7,000 | $0 | $7,000 |
| JASON CASKEY | VICE CHAIR | 1.00 |
Officer
Director
|
$30,000 | $0 | $30,000 |
| NEIL E GRAYSON | DIRECTOR | 1.00 |
Director
|
$23,751 | $0 | $23,751 |
| A NEILL CAMERON JR | DIRECTOR | 1.00 |
Director
|
$14,000 | $0 | $14,000 |
| FRED L GREEN III | TREASURER | 1.00 |
Officer
Director
|
$26,000 | $0 | $26,000 |
| DAVID A SIMON III | PRESIDENT & CEO, SECRETARY | 35.00 |
Officer
Director
|
$486,554 | $49,253 | $535,807 |
| OCTAVIA WILLIAMS-BLAKE | DIRECTOR | 1.00 |
Director
|
$4,103 | $0 | $4,103 |
| BILL BOCHETTE | CFO & COO | 40.00 |
Officer
|
$405,432 | $63,143 | $468,575 |
| RALPH JONES | VP OF LOAN PROGRAMS | 35.00 |
Key Emp
|
$177,460 | $16,742 | $194,202 |
| MARSHA KING | VP OF OPERATIONS | 35.00 |
Key Emp
|
$150,318 | $13,289 | $163,607 |
| CHRISTINE M WOJCIK | VICE PRESIDENT OF HUMAN RE | 35.00 |
Key Emp
|
$170,029 | $18,544 | $188,573 |
| MELANIE BROOKE THOMAS | VICE PRESIDENT OF FINANCE | 35.00 |
Key Emp
|
$159,653 | $38,014 | $197,667 |
| CLAIRE ANN GIBBONS | EXECUTIVE DIRECTOR OF POWER:ED | 40.00 |
Highest
|
$146,991 | $17,138 | $164,129 |
| JOSEPH BUZHARDT | DIRECTOR OF BUSINESS INTELLIGENCE | 35.00 |
Highest
|
$124,255 | $42,761 | $167,016 |
| WESTON FAIRCLOTH | IT-OPERATIONS MANAGER | 35.00 |
Highest
|
$109,094 | $12,529 | $121,623 |
| ERICKA GREEN | DIRECTOR OF RISK MANAGEMENT | 35.00 |
Highest
|
$109,890 | $13,537 | $123,427 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $65,003,840 | $47,614,325 | $941,337,493 | $17,389,515 |
| 2023 | $58,099,567 | $47,535,560 | $1,048,763,389 | $10,564,007 |
| 2022 | $39,287,118 | $34,807,348 | $1,286,789,803 | $4,479,770 |
| 2021 | $46,347,737 | $33,733,584 | $1,464,017,759 | $12,614,153 |
| 2020 | $59,459,269 | $53,444,713 | $1,467,625,940 | $6,014,556 |
| 2019 | $79,980,116 | $70,224,552 | $1,655,663,840 | $9,755,564 |
| 2018 | $76,103,826 | $65,453,475 | $1,901,845,733 | $10,650,351 |
Compare SOUTH CAROLINA STUDENT LOAN CORP with other nonprofits in South Carolina and across the country.