SOUTH CAROLINA ASSOCIATON OF CONVENIENCE STORES

EIN: 570669647

COLUMBIA, SC

Total Revenue
$39,475
Total Expenses
$43,425
Total Assets
N/A
Net Assets
N/A
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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
1976
Legal Domicile
SC
Principal Officer
MICHAEL FIELDS
Phone
8037659570
Tax Period
2019-11-01 to 2020-01-01

SOUTH CAROLINA ASSOCIATON OF CONVENIENCE STORES, founded in 1976, is a micro nonprofit that reported $39K in total revenue in fiscal year 2019. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $43K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROMOTE THE INTEREST AND WELFARE OF THE ASSOCIATION AND ITS MEMBERS. SCACS IS DEDICATED TO UNIFYING, SERVING AND REPRESENTING THE CONVENIENCE STORE INDUSTRY OF 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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $22,000
Investment Income $1,256
Other Revenue $16,219
TOTAL REVENUE $39,475

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $43,425
TOTAL EXPENSES $43,425

Year-over-Year Comparison

2019 2018 Change
Revenue $39,475 $454,819 -0.9%
Expenses $43,425 $468,091 -0.9%
Net Income $-3,950 $-13,272 -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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Governance

Voting Members
31
Independent Members
31
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
6
$0
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH COSGROVE RETAILER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
DEBBIE HAYES SUPPLIER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
SHERI MEHAFFEY RETAILER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
BONNIE HART RETAILER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
RICHARD LITTLE RETAILER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
BRENT DRAKE TREASURER 1.00
Officer Director
$0 $0 $0
BRAD POE IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
IRVIN CAUTHEN RETAILER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
SEAN HOGAN SUPPLIER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
CHRIS ALGEO SUPPLIER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
PHILIP ALVAREZ SUPPLIER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
SEEMA SHRIVASTAVA-PATEL PRESIDENT 1.00
Officer Director
$0 $0 $0
LEANNE JENNINGS SUPPLIER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
BRENT TOWNSEND SECRETARY 1.00
Officer Director
$0 $0 $0
GREG RIES SUPPLIER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
DAVID LAND JR RETAILER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
BRITTANY KALIVAS RETAILER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
MIKE JONES SUPPLIER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
TIM HUNTLEY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BOYD MCLEOD RETAILER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
DAVID JORDAN RETAILER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
HAL CRENSHAW RETAILER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
MIKE FOWLER VICE PRESIDENT OF ASSOCIAT 1.00
Officer Director
$0 $0 $0
JASON TERRY SUPPLIER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
TOM BOAN SUPPLIER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
BUBBA HOPKINS SUPPLIER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
JEFF HOUSER SUPPLIER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
BEN PINTI SUPPLIER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
MARTY POSTELL SUPPLIER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
ANNE GARLAND RETAILER MEMBER DIRECTOR 1.00
Director
$0 $0 $0
EDDIE PARNELL SUPPLIER MEMBER DIRECTOR 1.00
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
2020 $39,475 $43,425 No data $-3,950
2019 $454,819 $468,091 $530,427 $-13,272
2018 $432,602 $445,121 $532,127 $-12,519
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