UNIVERSITY OF SOUTH CAROLINA SCHOOL OF MEDICINE EDUCATIONAL TRUST (EIN 570705675) - 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

1980

Legal Domicile

Principal Officer

JEFFREY L PERKINS

Phone

8032163304

Tax Period

2023-07-01 to 2024-06-30

UNIVERSITY OF SOUTH CAROLINA SCHOOL OF MEDICINE EDUCATIONAL TRUST, founded in 1980, is a mid-sized nonprofit in the Education sector that reported $40.1M in total revenue in fiscal year 2023.

Mission

ENHANCE THE EXEMPT FUNCTION OF UNIVERSITY OF SOUTH CAROLINA SCHOOL OF MEDICINE AND THE COMMUNITIES IT SERVES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,734,926

Investment Income $633,673

Other Revenue $31,745,954

TOTAL REVENUE $40,114,553

Expense Breakdown

Grants Paid $1,104,965

Salaries & Benefits $30,679,578

Fundraising Expenses $0

Program Expenses $38,529,589

Other Expenses $8,847,115

TOTAL EXPENSES $40,631,658

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,114,553	$38,203,684	+0.1%
Expenses	$40,631,658	$38,423,906	+0.1%
Net Income	$-517,105	$-220,222	+1.3%

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

Independent Members

N/A

Employees

145

Volunteers

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

$1,194,197

Total Directors

$6,931,021

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID AMROL MD	PRESIDENT, EDUCATIONAL TRU	40.00	Officer	$394,937	$33,000	$557,299
JEFFREY L PERKINS	SENIOR VICE PRESIDENT/SECRETARY	40.00	Officer	$85,000	$8,500	$427,305
DEREK B PAYNE	EXECUTIVE DIRECTOR/TREASURER	40.00	Officer	$45,000	$4,500	$209,593
LESLIE HALL MD	DEAN, SCHOOL OF MEDICINE	40.00	Director	$170,036	$17,004	$494,301
GERALD HARMON MD	INTERIM DEAN	40.00	Director	$136,450	$13,645	$268,123
CHARLES CARTER MD	FACULTY REPRESENTATIVE, FA	40.00	Director	$207,984	$20,798	$368,815
SHARON WEISSMAN MD	CHAIR, INTERNAL MEDICINE	40.00	Director	$360,128	$33,000	$594,971
GREGG TALENTE MD	FACULTY REPRESENTATIVE, IN	40.00	Director	$245,466	$24,547	$387,396
SOUVIK SEN MD	CHAIR, NEUROLOGY	40.00	Director	$137,608	$13,761	$481,400
MEERA NARASIMHAN MD	CHAIR, NEUROPSYCHIATRY	40.00	Director	$162,999	$16,300	$546,728
SHILPA SRINIVASAN MD	FACULTY REPRESENTATIVE, NE	40.00	Director	$136,585	$13,658	$286,063
BERRY CAMPBELL MD	CHAIR, OB/GYN	40.00	Director	$364,095	$33,000	$630,375
CHRISTOPHER MAZOUE MD	CHAIR, DEPARTMENT OF ORTHO	40.00	Director	$1,084,869	$33,000	$1,296,231
R CAUGHMAN TAYLOR MD	CHAIR, PEDIATRICS	40.00	Director	$245,707	$24,571	$540,665
C OSBORNE SHULER MD	FACULTY REPRESENTATIVE, PE	40.00	Director	$309,920	$30,992	$458,031
JEANETTE FULTON MD	FACULTY REP, RADIOLOGY	40.00	Director	$0	$0	$336,644
JEANETTE ANDREWS PHD	DEAN, COLLEGE OF NURSING	40.00	Director	$0	$0	$176,349
FLOYD BELL MD	CHAIR, RADIOLOGY	40.00	Director	$0	$0	$64,929
GREGORY GRABOWSKI MD	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$1,631,112	$33,000	$1,781,495
JAMES BENJAMIN JACKSON III MD	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$1,444,191	$33,000	$1,588,921
JEFFREY GUY MD	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$1,382,186	$33,000	$1,517,520
DAVID KOON MD	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$775,233	$33,000	$915,357
ZEID KEILANI	HIGHEST COMPENSATED EMPLOY	40.00	Highest	$656,915	$33,000	$823,991

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	No data	No data	No data	No data
2024	$40,114,553	$40,631,658	$64,774,437	$-517,105
2023	$38,203,684	$38,423,906	$62,526,653	$-220,222
2022	$42,795,918	$42,319,501	$62,430,506	$476,417
2021	$37,920,226	$38,836,516	$46,303,543	$-916,290
2020	$36,196,425	$38,055,529	$46,818,268	$-1,859,104
2019	$43,204,582	$38,892,550	$52,330,108	$4,312,032
2018	$57,794,464	$59,357,795	$54,773,780	$-1,563,331

UNIVERSITY OF SOUTH CAROLINA SCHOOL OF MEDICINE EDUCATIONAL TRUST