SC Academy of Dermatology and Derm… - Form 990 Financial Data

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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

1970

Legal Domicile

Tax Period

2020-07-01 to 2021-06-30

SC Academy of Dermatology and Dermatologic Surgery, founded in 1970, is a micro nonprofit that reported $16K in total revenue in fiscal year 2020. Revenue decreased 12% compared to the prior year. Expenses of $56K exceeded revenue, resulting in a 241% operating deficit.

Mission

Unite those practicing Dermatology in South Carolina into one effective organization for promoting education and advancing the science and art of Dermatology.

Program Service Accomplishments

Program 1

Expenses: $48,157

Meetings and workshops to elevate the standards of medical education and to increase medical knowledge in the dermatology specialty

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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 (2020)

Revenue Breakdown

Contributions & Grants $12,743

Program Service Revenue $0

Investment Income $3,625

Other Revenue $0

TOTAL REVENUE $16,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,157

Other Expenses $55,865

TOTAL EXPENSES $55,865

Year-over-Year Comparison

	2020	2019	Change
Revenue	$16,368	$18,653	-0.1%
Expenses	$55,865	$55,518	+0.0%
Net Income	$-39,497	$-36,865	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Renee Straub	Member at Large	1.00	Director	$0	$0	$0
Anne Leclercq	Secretary-Treasurer	1.00	Officer	$0	$0	$0
Nathan Jones	President	1.00	Officer	$0	$0	$0
Anne Leclercq	President Elect	1.00	Officer	$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
2021	$16,368	$55,865	$518,449	$-39,497

SC Academy of Dermatology and Dermatologic Surgery