SOUTH CAROLINA ASSOCIATION FOR CAREER & TECHNICAL EDUCATION

EIN: 570667739

IRMO, SC

Total Revenue
$17,543
Total Expenses
$24,873
Total Assets
$59,698
Net Assets
$59,698
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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
1979
Legal Domicile
SC
Principal Officer
CLADIUS RAY BOLAND
Phone
8034453945
Tax Period
2022-07-01 to 2023-06-30

SOUTH CAROLINA ASSOCIATION FOR CAREER & TECHNICAL EDUCATION, founded in 1979, is a micro nonprofit that reported $18K in total revenue in fiscal year 2022. Revenue decreased 18% compared to the prior year. Expenses of $25K exceeded revenue, resulting in a 42% operating deficit.

Mission

PROMOTE CAREER AND TECHNICAL EDUCATION

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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 (2022)

Revenue Breakdown

Contributions & Grants $17,540
Program Service Revenue $0
Investment Income $3
Other Revenue $0
TOTAL REVENUE $17,543

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,500
Fundraising Expenses $0
Other Expenses $17,373
TOTAL EXPENSES $24,873

Year-over-Year Comparison

2022 2021 Change
Revenue $17,543 $21,387 -0.2%
Expenses $24,873 $28,516 -0.1%
Net Income $-7,330 $-7,129 +0.0%
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
6
Independent Members
6
Employees
N/A
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
6
$7,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLADIUS RAY BOLAND EXEC DIR 30.00
Director
$7,500 $0 $7,500
LEON BURGESS PRES 2.00
Director
$0 $0 $0
KEVIN SOX PRES ELECT 2.00
Director
$0 $0 $0
MICHELE DENNIS SEC/TRES 2.00
Director
$0 $0 $0
DANA CRUMPTON PAST PRES 2.00
Director
$0 $0 $0
RODNEY MILLER REG REP 2.00
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
2023 $17,543 $24,873 $59,698 $-7,330
2022 $21,388 $28,516 $67,028 $-7,128
2021 $21,965 $23,644 $74,156 $-1,679
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