GREENWOOD-EDGEFIELD-MCCORMICK- ABBEVILLE COMMISSION ON ALCOHOL

EIN: 570672283 501(c)(3) Mental Health

GREENWOOD, SC

Total Revenue
$2,204,405
Total Expenses
$2,174,031
Total Assets
$5,203,955
Net Assets
$4,859,548
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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
1973
Legal Domicile
SC
Principal Officer
LAURIE FALLAW
Phone
8642271001
Tax Period
2024-07-01 to 2025-06-30

GREENWOOD-EDGEFIELD-MCCORMICK- ABBEVILLE COMMISSION ON ALCOHOL, founded in 1973, is a community nonprofit in the Mental Health sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Net assets of $4.9M represent 26 months of operating reserves.

Mission

ESTABLISHED IN 1973, CORNERSTONE PROVIDES PREVENTION, INTERVENTION, AND TREATMENT SERVICES FOR ADOLESCENTS AND ADULTS WHO HAVE BEEN IMPACTED BY SUBSTANCE ABUSE DISORDERS AS WELL AS PROBLEM GAMBLING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,744,703
Program Service Revenue $413,555
Investment Income $23,052
Other Revenue $23,095
TOTAL REVENUE $2,204,405

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,586,717
Fundraising Expenses $0
Program Expenses $2,174,031
Other Expenses $587,314
TOTAL EXPENSES $2,174,031

Year-over-Year Comparison

2024 2023 Change
Revenue $2,204,405 $2,750,474 -0.2%
Expenses $2,174,031 $2,110,552 +0.0%
Net Income $30,374 $639,922 -1.0%
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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Governance

Voting Members
11
Independent Members
11
Employees
31
Volunteers
10

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
2
$96,400
Total Directors
11
$96,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURIE FALLAW EXECUTIVE DI 38.00
Officer Director
$96,400 $0 $96,400
SANDRA CALLAHAM BOARD MEMBER 2.00
Director
$0 $0 $0
ALVIN DEAL BOARD MEMBER 2.00
Director
$0 $0 $0
TIM DUNCAN CHAIRMAN 3.00
Officer Director
$0 $0 $0
DENNIS ERSKINE BOARD MEMBER 2.00
Director
$0 $0 $0
PATRICE FREEMAN BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID MERRILLS BOARD MEMBER 2.00
Director
$0 $0 $0
JENNY O-QUINN BOARD MEMBER 2.00
Director
$0 $0 $0
BETTY PINCKNEY BOARD MEMBER 2.00
Director
$0 $0 $0
RICK PRESSLY BOARD MEMBER 2.00
Director
$0 $0 $0
CALVIN WHARTON BOARD MEMBER 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
2025 $2,204,405 $2,174,031 $5,203,955 $30,374
2024 No data No data No data No data
2023 $2,457,455 $1,906,519 $4,504,319 $550,936
2022 $2,450,738 $1,882,247 $3,960,647 $568,491
2021 $2,060,290 $1,742,024 $3,387,829 $318,266
2020 $1,970,904 $1,594,792 $3,265,599 $376,112
2019 $1,766,216 $1,421,569 $2,659,120 $344,647
2018 $1,746,573 $1,429,311 $2,359,387 $317,262
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