TECHNICAL COLLEGE OF THE LOWCOUNTRY FOUNDATION INC

EIN: 570767384 501(c)(3) Education

BEAUFORT, SC

Total Revenue
$451,601
Total Expenses
$388,519
Total Assets
$8,413,528
Net Assets
$3,305,837
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
SC
Principal Officer
RICHARD GOUGH
Phone
8435258294
Tax Period
2023-07-01 to 2024-06-30

TECHNICAL COLLEGE OF THE LOWCOUNTRY FOUNDATION INC, founded in 1983, is a small nonprofit in the Education sector that reported $452K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $389K left a modest 14% surplus.

Mission

THE MISSION OF THE TCL FOUNDATION IS TO FOSTER ENDURING RELATIONSHIPS THAT BUILD ADVOCACY AND SUPPORT FOR VARIOUS COLLEGE PROGRAMS AND SERVICES TO ADVANCE ALL CONSTITUENCIES WITHIN THE SERVICE DISTRICT. THE TCL FOUNDATION SUPPORTS THE TECHNICAL COLLEGE OF THE LOWCOUNTRY IN A VARIETY OF AREAS. RAISING FUNDS FOR STUDENT ASSISTENCE INCLUDING TUITION AND BOOKS, AIDING THE COLLEGE IN MAINTAINING STATE-OF-THE-ART INSTRUCTIONAL EQUIPMENT, AND FUNDING SPECIAL CAPITAL PORJECTS. RAISING FUNDS FOR SPECIAL PROJECTS INCLUDES NEW PROGRAM DEVELOPMENT, WHICH PROMOTES A BETTER UNDERSTANDING OF THE COLLEGE, ITS MISSION, AND VALUE TO THE LOWCOUNTRY.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $309,752
Program Service Revenue $0
Investment Income $25,179
Other Revenue $116,670
TOTAL REVENUE $451,601

Expense Breakdown

Grants Paid $298,826
Salaries & Benefits $45,447
Fundraising Expenses $33,284
Program Expenses $332,913
Other Expenses $44,246
TOTAL EXPENSES $388,519

Year-over-Year Comparison

2023 2022 Change
Revenue $451,601 $553,105 -0.2%
Expenses $388,519 $312,984 +0.2%
Net Income $63,082 $240,121 -0.7%
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

Sign In

Governance

Voting Members
18
Independent Members
18
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
1
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEX BOMAR MEMBER 2.00
Director
$0 $0 $0
KESIA BROWN MEMBER 2.00
Director
$0 $0 $0
DAVID BURKE MEMBER 2.00
Director
$0 $0 $0
ALI CADMUS MEMBER 2.00
Director
$0 $0 $0
JOHN CHIACCHIERO VICE CHAIRMA 2.00
Director
$0 $0 $0
JIM COLEMAN MEMBER 2.00
Director
$0 $0 $0
ANDREW DAVIS MEMBER 2.00
Director
$0 $0 $0
LAURA MEAGHER MEMBER 2.00
Director
$0 $0 $0
JOE MINGLEDORFF MEMBER 2.00
Director
$0 $0 $0
RUFUS PINCKNEY MEMBER 2.00
Director
$0 $0 $0
MATTHEW ROHER MEMBER 2.00
Director
$0 $0 $0
DR HELEN RYAN MEMBER 2.00
Director
$0 $0 $0
CHARLES SAMPSON CHAIRMAN 2.00
Director
$0 $0 $0
PAM SCALLAN MEMBER 2.00
Director
$0 $0 $0
REGINA SILLETTI MEMBER 2.00
Director
$0 $0 $0
JENNIFER TUCKWILLER MEMBER 2.00
Director
$0 $0 $0
JON VERITY TREASURER 2.00
Director
$0 $0 $0
JAY WIENDL MEMBER 2.00
Director
$0 $0 $0
RICHARD GOUGH TCL PRESIDEN 2.00
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 $451,601 $388,519 $8,413,528 $63,082
2023 $553,105 $312,984 $8,768,835 $240,121
2022 $687,173 $431,569 $9,176,466 $255,604
2021 $475,582 $413,870 $10,642,510 $61,712
2020 $708,110 $355,552 $14,337,795 $352,558
2019 $330,350 $289,828 $1,767,260 $40,522
2018 $397,695 $286,456 $1,758,536 $111,239
Explore More Nonprofits
Top 100 Nonprofits in South Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare TECHNICAL COLLEGE OF THE LOWCOUNTRY FOUNDATION INC with other nonprofits in South Carolina and across the country.