HORRY-GEORGETOWN TECHNICAL COLLEGE FOUNDATION INC (EIN 570681224) - Form 990 Financial Analysis & Trantor Score

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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

1978

Legal Domicile

Phone

8434772174

Tax Period

2024-07-01 to 2025-06-30

HORRY-GEORGETOWN TECHNICAL COLLEGE FOUNDATION INC, founded in 1978, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.5M, a strong 54% operating margin.

Mission

The Foundation was formed for the purpose of accepting donations for the support of the Horry-Georgetown Technical College, which is located in Myrtle Beach, 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $855,689

Program Service Revenue $0

Investment Income $1,956,976

Other Revenue $0

TOTAL REVENUE $2,812,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $516,112

Fundraising Expenses $145,541

Program Expenses $982,205

Other Expenses $773,103

TOTAL EXPENSES $1,289,215

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,812,665	$4,141,643	-0.3%
Expenses	$1,289,215	$1,092,044	+0.2%
Net Income	$1,523,450	$3,049,599	-0.5%

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

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
JOHN SAWYER	CHAIRMAN	10.00	Officer Director	$0	$0	$0
DAVID SINGLETON	VICE CHAIR	10.00	Officer Director	$0	$0	$0
JOHN DRAUGHN	TREASURER	10.00	Officer Director	$0	$0	$0
MARION E FREEMAN	SECRETARY	10.00	Officer 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	$2,812,665	$1,289,215	$19,962,852	$1,523,450
2024	$4,141,643	$1,092,044	$18,381,675	$3,049,599
2023	$2,154,606	$2,378,190	$15,384,251	$-223,584
2022	$2,248,614	$3,696,240	$15,699,346	$-1,447,626
2021	$3,943,981	$891,717	$17,275,894	$3,052,264
2020	$2,056,809	$1,171,430	$14,361,639	$885,379
2019	$1,901,783	$794,722	$13,345,893	$1,107,061

HORRY-GEORGETOWN TECHNICAL COLLEGE FOUNDATION INC