SOUTH CAROLINA ASSOCIATION OF MUNI… - Form 990 Financial Data

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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

Legal Domicile

Principal Officer

Wade Holmes

Phone

8039331226

Tax Period

2024-01-01 to 2024-12-31

SOUTH CAROLINA ASSOCIATION OF MUNICIPAL POWER SYSTEMS is a small nonprofit that reported $251K in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. Expenses of $219K left a modest 13% surplus.

Mission

To serve and support the municipal power systems of South Carolina by providing training, technical assistance, and support to member organizations.

Program Service Accomplishments

Program 1

Training and networking opportunities provided to members through meetings and seminars.

Program 2

Technical and legal assistance provided to its membership through monitoring of court cases, filing of amicus briefs, etc.

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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 $149,346

Program Service Revenue $79,925

Investment Income $21,589

Other Revenue $0

TOTAL REVENUE $250,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $219,051

TOTAL EXPENSES $219,051

Year-over-Year Comparison

	2024	2023	Change
Revenue	$250,860	$142,654	+0.8%
Expenses	$219,051	$110,681	+1.0%
Net Income	$31,809	$31,973	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

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim Hall	Director	1.00	Director	$0	$0	$0
Joey Meadors	Director	1.00	Director	$0	$0	$0
John Young	Director	1.00	Director	$0	$0	$0
William Medlin	Director	1.00	Director	$0	$0	$0
Robert Faires	President	1.00	Officer	$0	$0	$0
Tim Banker	Vice President	1.00	Officer	$0	$0	$0
Wade Holmes	President	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	No data	No data	No data	No data
2024	$250,860	$219,051	$498,527	$31,809

SOUTH CAROLINA ASSOCIATION OF MUNICIPAL POWER SYSTEMS