LOWER SAVANNAH REGIONAL DEVELOPMENT CORPORATION

EIN: 570743789 501(c)(3) Community Improvement

AIKEN, SC

Total Revenue
$24,243
Total Expenses
$12,550
Total Assets
$373,231
Net Assets
$373,231
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
SC
Principal Officer
WILLIAM MOLNAR
Phone
8036497981
Tax Period
2024-07-01 to 2025-06-30

LOWER SAVANNAH REGIONAL DEVELOPMENT CORPORATION, founded in 1982, is a micro nonprofit in the Community Improvement sector that reported $24K in total revenue in fiscal year 2024. The organization ran a surplus of $12K, a strong 48% operating margin.

Mission

THE LOWER SAVANNAH REGIONAL DEVELOPMENT CORPORATION, HEREINAFTER REFERRED TO AS "CORPORATION" WAS ESTABLISHED TO FURTHER ECONOMIC DEVELOPMENT IN THE LOWER SAVANNAH REGION WHICH INCLUDES AIKEN, ALLENDALE, BAMBERG, BARNWELL, CALHOUN, AND ORANGEBURG COUNTIES; TO PROMOTE AND ASSIST IN THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS WITHING THE LOWER REGION; TO PROMOTE AND ASSIST IN THE DEVELOPMENT OF RESIDENTIAL HOUSING IN THE LOWER SAVANNAH REGION; AND TO ENGAGE IN THOSE ACTIVITIES WHICH ARE IN THE FURTHERANCE OF OR RELATED TO, THE PURPOSES HEREIN STATED.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $243
Other Revenue $24,000
TOTAL REVENUE $24,243

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $12,550
Other Expenses $12,550
TOTAL EXPENSES $12,550

Year-over-Year Comparison

2024 2023 Change
Revenue $24,243 $24,283 0.0%
Expenses $12,550 $12,655 0.0%
Net Income $11,693 $11,628 +0.0%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY BELL CO. REPRESEN 1.00
Director
$0 $0 $0
DANNY FEAGIN CO. REPRESEN 1.00
Director
$0 $0 $0
JOSEPH GARVIN REPRESENTATI 1.00
Director
$0 $0 $0
LARRY HAYNES REPRESENTATI 1.00
Director
$0 $0 $0
WILLA JENNINGS CO. REPRESEN 1.00
Director
$0 $0 $0
JOHN MCLAUCHLIN CO. REPRESEN 1.00
Director
$0 $0 $0
WILLIAM ROBINSON REPRESENTATI 1.00
Director
$0 $0 $0
SEN VERNON STEPHENS CO. REPRESEN 1.00
Director
$0 $0 $0
THOMAS L WILLIAMS CO. REPRESEN 1.00
Director
$0 $0 $0
MICHAEL BUTLER CHAIRMAN 1.00
Officer
$0 $0 $0
JAMES HAIGLER PAST CHAIRMA 1.00
Officer
$0 $0 $0
THERESA TAYLOR TREASURER 1.00
Officer
$0 $0 $0
GERALD WRIGHT VICE CHAIRMA 1.00
Officer
$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 $24,243 $12,550 $373,231 $11,693
2024 $24,283 $12,655 $361,538 $11,628
2023 $24,142 $7,173 $349,910 $16,969
2022 $18,904 $8,711 $332,941 $10,193
2021 $18,900 $8,659 $322,748 $10,241
2020 $18,896 $8,711 $312,507 $10,185
2019 $19,668 $14,058 $307,122 $5,610
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