University of South Carolina Alumn… - Form 990 Financial Data

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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

1920

Legal Domicile

Phone

8037774111

Tax Period

2024-07-01 to 2025-06-30

University of South Carolina Alumni Association, founded in 1920, is a community nonprofit in the Education sector that reported $5.5M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $4.8M left a modest 11% surplus.

Mission

Add value to students. Engage our alumni. Build the brand.

Program Service Accomplishments

Program 1

Expenses: $2,216,951 Revenue: $3,451,769

PROMOTE ACTIVITIES AND GOOD FELLOWSHIP AMONG THE 14,716 MEMBERS OF THE ASSOCIATION.

Program 2

Expenses: $1,493,773 Revenue: $1,075,789

OPERATION OF THE ALUMNI CENTER FOR THE BENEFIT OF THE ASSOCIATION AND ITS MISSION

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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 $652,101

Program Service Revenue $4,527,558

Investment Income $153,567

Other Revenue $118,811

TOTAL REVENUE $5,452,037

Expense Breakdown

Grants Paid $54,625

Salaries & Benefits $1,844,028

Fundraising Expenses $0

Program Expenses $3,710,724

Other Expenses $2,937,821

TOTAL EXPENSES $4,836,474

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,452,037	$6,654,068	-0.2%
Expenses	$4,836,474	$4,481,142	+0.1%
Net Income	$615,563	$2,172,926	-0.7%

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

Volunteers

150

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

$645,486

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Angela Alpert Fellers	Treasurer	2.0	Officer Director	$0	$0	$0
JOE HUDDLESTON	President - Elect	2.0	Officer Director	$0	$0	$0
Kellah Webster	SECRETARY	2.0	Officer Director	$0	$0	$0
Lacy Ford	President's Appointee	2.0	Officer Director	$0	$0	$0
Michael Bond	President	2.0	Officer Director	$0	$0	$0
Scott Moise	IMMEDIATE PAST PRESIDENT	2.0	Officer Director	$0	$0	$0
Adam Piper	Board Member	2.0	Director	$0	$0	$0
Carmen Thomas	Board Member	2.0	Director	$0	$0	$0
Cason Brewer	Board Member	2.0	Director	$0	$0	$0
Chip Comer	Board Member	2.0	Director	$0	$0	$0
Christina Auckland	Board Member	2.0	Director	$0	$0	$0
EDDIE KINSEY	Board Member	2.0	Director	$0	$0	$0
James Anderson	Board Member	2.0	Director	$0	$0	$0
Ozell Newman	Board Member	2.0	Director	$0	$0	$0
Sherrie Snipes-Williams	Board Member	2.0	Director	$0	$0	$0
SONAM SHAH RAJARAM	Board Member	2.0	Director	$0	$0	$0
TAYLOR CAIN	Board Member	2.0	Director	$0	$0	$0
Elizabeth Muth	CHIEF OPERATING OFFICER	40.0	Officer	$129,865	$51,745	$181,610
Jared Evans	Chief Experience Officer	40.0	Officer	$153,847	$44,779	$198,626
Kate Pollard	Chief Financial Officer	20.0	Officer	$30,450	$3,144	$33,594
MICHAEL AMIRIDIS	UNIVERSITY PRESIDENT	2.0	Officer	$0	$0	$0
tiffany foxworth	Chief Executive Officer	40.0	Officer	$200,997	$30,659	$231,656
KEVIN GRINDSTAFF	ALUMNI CENTER GENERAL MANAGER	40.0	Highest	$111,594	$35,191	$146,785
Laura Bundrick	AVP, Development and Membership	40.0	Highest	$112,490	$21,052	$133,542

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	$5,452,037	$4,836,474	$20,534,804	$615,563
2024	$6,654,068	$4,481,142	$19,735,985	$2,172,926
2023	$5,281,397	$4,744,909	$20,641,635	$536,488
2022	$4,459,708	$4,065,625	$22,119,045	$394,083
2021	$5,528,924	$3,750,151	$23,424,726	$1,778,773
2020	$6,195,225	$4,994,754	$4,381,962	$1,200,471
2019	$4,136,639	$4,595,862	$9,148,862	$-459,223
2018	$4,362,761	$4,410,493	$9,563,761	$-47,732

University of South Carolina Alumni Association