GREENWOOD GENETIC CENTER INC

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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

Principal Officer

STEVEN A SKINNER MD

Phone

8649418100

Tax Period

2024-07-01 to 2025-06-30

GREENWOOD GENETIC CENTER INC, founded in 1974, is a mid-sized nonprofit in the Medical Research sector that reported $30.9M in total revenue in fiscal year 2024. Expenses of $35.8M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE GREENWOOD GENETIC CENTER IS A NONPROFIT INSTITUTE CENTERED ON CLINICAL GENETIC SERVICES, DIAGNOSTIC LABORATORY TESTING, EDUCATIONAL PROGRAMS AND RESOURCES, AND RESEARCH. WITH A FOCUS ON COMPASSIONATE PATIENT CARE AND INNOVATIVE SCIENTIFIC ADVANCEMENT, WE KEEP EVERY PATIENT AND THEIR FAMILIES AT THE FOREFRONT OF EVERYTHING WE DO. WE HAVE A VARIETY OF CLINIC LOCATIONS TO SERVE PATIENTS AND FAMILIES ACROSS THE LIFESPAN WITH A VARIETY OF GENETIC NEEDS AND CONCERNS.

Program Service Accomplishments

Program 1

Expenses: $29,168,078 Revenue: $13,821,123

THE GREENWOOD GENETIC CENTER (GGC), FOUNDED IN 1974, IS A NONPROFIT ORGANIZATION ADVANCING THE FIELD OF MEDICAL GENETICS AND CARING FOR FAMILIES IMPACTED BY GENETIC DISEASE AND BIRTH DEFECTS. AT ITS HOME CAMPUS IN GREENWOOD, SOUTH CAROLINA, A TALENTED TEAM OF PHYSICIANS AND SCIENTISTS PROVIDES CLINICAL GENETIC SERVICES, DIAGNOSTIC LABORATORY TESTING, EDUCATIONAL PROGRAMS AND RESOURCES, AND RESEARCH IN THE FIELD OF MEDICAL GENETICS. GGCS FACULTY AND STAFF ARE COMMITTED TO THE GOAL OF DEVELOPING PREVENTIVE AND CURATIVE THERAPIES FOR THE INDIVIDUALS AND FAMILIES THEY SERVE. GGC EXTENDS ITS REACH AS A RESOURCE TO ALL RESIDENTS OF SOUTH CAROLINA WITH SATELLITE OFFICES IN CHARLESTON, COLUMBIA, FLORENCE AND GREENVILLE.

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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 $16,896,493

Program Service Revenue $13,821,123

Investment Income $129,925

Other Revenue $11,413

TOTAL REVENUE $30,858,954

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,343,966

Fundraising Expenses $381,791

Program Expenses $29,168,078

Other Expenses $15,499,398

TOTAL EXPENSES $35,843,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,858,954	$31,727,683	0.0%
Expenses	$35,843,364	$33,533,493	+0.1%
Net Income	$-4,984,410	$-1,805,810	+1.8%

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

221

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

$1,150,578

Total Directors

Key Employees

$755,418

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DELL BAKER	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS PRZIREMBEL PHD	DIRECTOR	2.00	Director	$0	$0	$0
JOHN A MILLER JR	TREASURER	2.00	Officer Director	$0	$0	$0
JULIAN J NEXSEN JR	DIRECTOR	2.00	Director	$0	$0	$0
HOLISA WHARTON PHD MS RN CNE	DIRECTOR	2.00	Director	$0	$0	$0
HOWELL CLYBORNE JR	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TERRI R BARNES	SECRETARY	2.00	Officer Director	$0	$0	$0
HENRY FRITZ BUTEHORN MD	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD M CHRISTIAN MD	CHAIR	2.00	Officer Director	$0	$0	$0
REID CONRAD	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES W SCHULZE	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM BILL STEVENS	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN A SKINNER MD	CEO & PRESID	40.00	Officer	$432,304	$30,500	$462,804
RICHARD SCHROER MD	SENIOR CLINI	40.00	Highest	$316,900	$30,500	$347,400
MICHAEL LYONS MD	ASSOCIATE CL	40.00	Officer	$301,679	$17,320	$318,999
MIKE FRIEZ PHD	DIRECTOR DIA	40.00	Key Emp	$283,957	$27,600	$311,557
RICHARD STEET PHD	DIRECTOR RES	40.00	Key Emp	$245,478	$30,000	$275,478
BARBARA DUPONT PHD	SENIOR DIREC	40.00	Highest	$201,455	$30,500	$231,955
KEVIN FARREN	DIRECTOR-DAT	40.00	Officer	$183,882	$10,192	$194,074
ELOISE PRIJOLES MD	ASSISTANT CL	40.00	Highest	$215,639	$22,515	$238,154
LOLA CLARKSON	SENIOR CLINI	40.00	Highest	$195,112	$29,000	$224,112
ELLIOTT STOLERMAN	ASST CLINICA	40.00	Highest	$194,639	$15,210	$209,849
ROBERT PRIDMORE	COO	40.00	Key Emp	$155,703	$12,680	$168,383
BRANDI BUFF	CFO	40.00	Officer	$168,742	$5,959	$174,701

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	$30,858,954	$35,843,364	$29,885,692	$-4,984,410
2024	$31,727,683	$33,533,493	$29,111,107	$-1,805,810
2023	$30,958,855	$31,512,061	$29,278,213	$-553,206
2022	$24,371,926	$26,757,198	$9,358,193	$-2,385,272
2021	$25,247,880	$24,259,758	$23,474,506	$988,122
2020	$26,085,939	$25,158,704	$25,374,540	$927,235
2019	$25,115,813	$25,173,082	$22,443,544	$-57,269