INDEPENDENT BANKS OF SOUTH CAROLINA (EIN 570739555) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

TERESA TAYLOR

Phone

8037725354

Tax Period

2023-01-01 to 2023-12-31

INDEPENDENT BANKS OF SOUTH CAROLINA, founded in 1972, is a small nonprofit that reported $575K in total revenue in fiscal year 2023. The organization ran a surplus of $98K, a strong 17% operating margin.

Mission

TO CREATE AND PROMOTE AN ENVIRONMENT WHERE COMMUNITY BANKS IN SOUTH CAROLINA FLOURISH.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $129,169

Program Service Revenue $343,707

Investment Income $1,374

Other Revenue $101,120

TOTAL REVENUE $575,370

Expense Breakdown

Grants Paid $2,350

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $474,924

TOTAL EXPENSES $477,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$575,370	$534,715	+0.1%
Expenses	$477,274	$518,244	-0.1%
Net Income	$98,096	$16,471	+5.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
BROOKS MELTON	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS BOUCHETTE	DIRECTOR	1.00	Director	$0	$0	$0
L FORD SANDERS II	DIRECTOR	1.00	Director	$0	$0	$0
STACEY R MCINNIS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CROMER	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD M FEWELL	DIRECTOR	1.00	Director	$0	$0	$0
RODDEY B GETTYS	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS T EVATT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID TOMPKINS	DIRECTOR	1.00	Director	$0	$0	$0
BECKY OUTLAW	DIRECTOR	1.00	Director	$0	$0	$0
JAMES A TIMMERMAN	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
JAMES R FOWLER JR	SECOND PAST PRESIDENT	2.00	Director	$0	$0	$0
JAMES A BENNETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT WILLIAMSON	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
BRENT S GARRETT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES M BUNTON JR	SECRETARY/TREASURER	1.00	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
2024	No data	No data	No data	No data
2023	$575,370	$477,274	$672,895	$98,096
2022	$534,715	$518,244	$579,954	$16,471
2021	$525,171	$468,153	$604,989	$57,018
2020	$254,326	$174,673	$576,086	$79,653
2019	$425,456	$420,357	$417,677	$5,099
2018	$371,386	$288,379	$412,578	$83,007

INDEPENDENT BANKS OF SOUTH CAROLINA