SPECIAL OLYMPICS SOUTH CAROLINA

EIN: 570680248 501(c)(3)

LEXINGTON, SC

Total Revenue
$5,239,398
Total Expenses
$4,313,659
Total Assets
$8,405,390
Net Assets
$8,380,024
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
SC
Principal Officer
BARRY S COATS
Phone
8037721555
Tax Period
2023-01-01 to 2023-12-31

SPECIAL OLYMPICS SOUTH CAROLINA, founded in 1978, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $926K, a strong 18% operating margin.

Mission

SPECIAL OLYMPICS SOUTH CAROLINA PROVIDES YEAR-ROUND SPORTS TRAINING AND ATHLETIC COMPETITION IN A VARIETY OF OLYMPICS-TYPE SPORTS AND COMPETITIONS FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES, GIVING THEM CONTINUING OPPORTUNITIES TO DEVELOP PHYSICAL FITNESS, DEMONSTRATE COURAGE, EXPERIENCE JOY AND PARTICIPATE IN A SHARING OF GIFTS, SKILLS AND FRIENDSHIP WITH THEIR FAMILIES, OTHER SPECIAL OLYMPICS ATHLETES AND THE COMMUNITY. OUR PROGRAM IS ALSO MORE THAN JUST SPORTS. SPECIAL OLYMPICS SOUTH CAROLINA'S YEAR ROUND PROGRAMS ALSO INCLUDE INITIATIVES IN HEALTH, EDUCATION AND COMMUNITY BUILDING THAT ADDRESSES INACTIVITY, INJUSTICE, INTOLERANCE AND SOCIAL ISOLATION BY ENCOURAGING AND EMPOWERING PEOPLE OF ALL ABILITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,749,394
Program Service Revenue $0
Investment Income $442,689
Other Revenue $47,315
TOTAL REVENUE $5,239,398

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,582,415
Fundraising Expenses $249,823
Program Expenses $3,920,696
Other Expenses $2,731,244
TOTAL EXPENSES $4,313,659

Year-over-Year Comparison

2023 2022 Change
Revenue $5,239,398 $4,734,010 +0.1%
Expenses $4,313,659 $3,592,752 +0.2%
Net Income $925,739 $1,141,258 -0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
Employees
15
Volunteers
12000

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
17
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARRY S COATS PRESIDENT CE N/A
Highest
$211,917 $27,948 $239,865
SUE MANER EXECUTIVE VP 40.00
Highest
$142,735 $7,565 $150,300
BARBARA OSWALD VP OF PROGRA N/A
Highest
$108,000 $1,492 $109,492
THOMAS ANDERSON MEMBER N/A
Director
$0 $0 $0
DEBBIE ANTONELLI MEMBER N/A
Director
$0 $0 $0
LISA BROWN MEMBER N/A
Director
$0 $0 $0
STEPHEN CREECH MEMBERSHIP C N/A
Director
$0 $0 $0
JOANNA GREENE EDUCATION CH N/A
Director
$0 $0 $0
CHERYL HOLLAND MEMBER N/A
Director
$0 $0 $0
JOHN JONES VICE CHAIR N/A
Director
$0 $0 $0
CAMEO JOSEPH MEMBER N/A
Director
$0 $0 $0
FRAN MARSHALL COMPLIANCE C N/A
Director
$0 $0 $0
BOB MASON MEMBER N/A
Director
$0 $0 $0
ELIZABETH O'BRADOVICH MEMBER N/A
Director
$0 $0 $0
LATRICE PRINGLE MEMBER N/A
Director
$0 $0 $0
JACK ROBERTSON MEMBER N/A
Director
$0 $0 $0
PAULA SABBAGHA MEMBER N/A
Director
$0 $0 $0
RANDAL SENN TREASURER N/A
Director
$0 $0 $0
BRITT SIMMS SECRETARY N/A
Director
$0 $0 $0
ALLISON SULLIVAN CHAIR N/A
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
2024 No data No data No data No data
2023 $5,239,398 $4,313,659 $8,405,390 $925,739
2022 $4,734,010 $3,592,752 $7,502,431 $1,141,258
2021 $3,774,841 $2,548,923 $6,347,010 $1,225,918
2020 $3,254,478 $2,495,536 $5,126,004 $758,942
2019 $4,010,197 $3,201,028 $4,402,166 $809,169
2018 $3,729,391 $3,495,921 $3,566,887 $233,470
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