SOUTH CAROLINA TELECOMMUNICATIONS AND BROADBAND ASSOCIATION (EIN 570662668) - 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

1934

Legal Domicile

Principal Officer

NOLA ARMSTRONG

Phone

8037797282

Tax Period

2024-01-01 to 2024-12-31

SOUTH CAROLINA TELECOMMUNICATIONS AND BROADBAND ASSOCIATION, founded in 1934, is a small nonprofit that reported $308K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $423K exceeded revenue, resulting in a 37% operating deficit.

Mission

FOUNDED IN 1934 AS THE SOUTH CAROLINA TELEPHONE ASSOCIATION, THE PURPOSE OF OUR ORGANIZATION IS TO PURSUE STATEWIDE STRATEGIES THAT ENCOURAGE THE DEPLOYMENT OF TECHNOLOGIES THAT WILL ENABLE SCTBA MEMBERS TO BE THE BEST PROVIDERS OF TELECOMMUNICATION AND BROADBAND PRODUCTS AND SERVICES TO SOUTH CAROLINA.

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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 $77,540

Program Service Revenue $223,479

Investment Income $971

Other Revenue $6,446

TOTAL REVENUE $308,436

Expense Breakdown

Grants Paid $0

Salaries & Benefits $184,182

Fundraising Expenses $0

Program Expenses $422,744

Other Expenses $238,563

TOTAL EXPENSES $422,745

Year-over-Year Comparison

	2024	2023	Change
Revenue	$308,436	$360,371	-0.1%
Expenses	$422,745	$415,212	+0.0%
Net Income	$-114,309	$-54,841	+1.1%

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

Governance

Voting Members

Independent Members

Employees

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

$100,290

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN SPEARMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHARON O'BRYANT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRYANT BARNES	DIRECTOR	1.00	Officer Director	$0	$0	$0
JAY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
LEE CHAMBERS	DIRECTOR	1.00	Director	$0	$0	$0
JASON DANDRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
CARLA FRENCH	DIRECTOR	1.00	Director	$0	$0	$0
WILL HELMLY	DIRECTOR	1.00	Director	$0	$0	$0
CARLTON LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WILSON	DIRECTOR	1.00	Director	$0	$0	$0
NOLA ARMSTRONG	EXECUTIVE DIRECTOR	40.00	Officer	$100,290	$0	$100,290

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
2024	$308,436	$422,745	$346,083	$-114,309
2023	$360,371	$415,212	$491,774	$-54,841
2022	$435,077	$381,173	$601,846	$53,904
2021	$343,149	$330,339	$666,284	$12,810
2020	$333,032	$336,279	$674,367	$-3,247
2019	$396,401	$363,932	$684,006	$32,469
2018	$430,861	$382,171	$609,398	$48,690

SOUTH CAROLINA TELECOMMUNICATIONS AND BROADBAND ASSOCIATION