SC PRESS ASSOCIATION FOUNDATION

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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

1969

Legal Domicile

Principal Officer

RANDALL SAVELY

Phone

8037509561

Tax Period

2023-10-01 to 2024-09-30

SC PRESS ASSOCIATION FOUNDATION, founded in 1969, is a micro nonprofit that reported $8K in total revenue in fiscal year 2023.

Mission

CHARITABLE AND EDUCATIONAL SERVICES FOR THE NEWS INDUSTRY

Program Service Accomplishments

Program 1

Expenses: $12,960

DIRECT COLLEGE SCHOLARSHIPS TO JUNIORS AND SENIORS AND INTERNSHIP AWARDS

Program 2

Expenses: $9,482

EDUCATIONAL AND MISCELLANEOUS EXPENSES

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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 $7,025

Program Service Revenue $0

Investment Income $0

Other Revenue $-14,825

TOTAL REVENUE $-7,800

Expense Breakdown

Grants Paid $12,960

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,442

Other Expenses $18,851

TOTAL EXPENSES $31,811

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-7,800	$-440	+16.7%
Expenses	$31,811	$29,304	+0.1%
Net Income	$-39,611	$-29,744	+0.3%

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

Employees

N/A

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

$161,564

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL SAVELY	CO-EXEC DIRE	1.00	Officer	$0	$0	$79,964
JENN MADDEN	CO-EXEC DIRE	1.00	Officer	$0	$0	$81,600
HARRY LOGAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURA MCKENZIE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
VICKEY BOYD	DIRECTOR	1.00	Director	$0	$0	$0
BUTCH HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
MEG KINNARD	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA O'CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN PRIEST	DIRECTOR	1.00	Director	$0	$0	$0
LARRY TARLETON	DIRECTOR	1.00	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	$-7,800	$31,811	$815,004	$-39,611
2023	$-440	$29,304	$795,991	$-29,744
2022	$17,960	$34,670	$788,484	$-16,710
2021	$12,689	$32,366	$866,689	$-19,677
2020	$12,846	$30,689	$831,460	$-17,843
2019	$-4,605	$21,617	$831,627	$-26,222
2018	$-4,435	$25,218	$839,266	$-29,653