INDEPENDENT CONSUMER FINANCE ASSOCIATION OF SOUTH CAROLINA (EIN 570697711) - 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

1960

Legal Domicile

Principal Officer

LISA CATO

Phone

8645836100

Tax Period

2024-01-01 to 2025-01-01

INDEPENDENT CONSUMER FINANCE ASSOCIATION OF SOUTH CAROLINA, founded in 1960, is a small nonprofit that reported $254K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $100K, a strong 39% operating margin.

Mission

TO ASSIST THE SMALL LOAN INDUSTRY IN THE STATE OF SOUTH CAROLINA ON UNDERSTANDING THE ONGOING CHANGES AND BENEFITS OF THE INDUSTRY

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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 $253,806

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $253,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,500

Fundraising Expenses $0

Other Expenses $126,626

TOTAL EXPENSES $154,126

Year-over-Year Comparison

	2024	2023	Change
Revenue	$253,806	$203,622	+0.2%
Expenses	$154,126	$173,132	-0.1%
Net Income	$99,680	$30,490	+2.3%

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

402

Independent Members

402

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

$24,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA CATO	SECRETARY TREASURER	020.00	Officer	$24,000	$0	$24,000
MATT PITTMAN	PRESIDENT	002.00	Officer	$0	$0	$0
JOE SHUEBERT	1ST VICE PRESIDENT	001.00		$0	$0	$0
JOHN WESSELL	2ND VICE PRESIDENT	001.00		$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	$253,806	$154,126	$356,669	$99,680
2025	$163,330	$229,306	$183,666	$-65,976
2023	$203,622	$173,132	$260,288	$30,490
2022	$157,945	$154,579	$247,798	$3,366
2021	$127,855	$101,702	$244,432	$26,153
2020	$128,257	$93,727	$229,136	$34,530

INDEPENDENT CONSUMER FINANCE ASSOCIATION OF SOUTH CAROLINA