SOUTH CAROLINA COSMETOLOGIST ASSOCIATION (EIN 570789810) - Form 990 Financial Analysis & Trantor Score

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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

1934

Legal Domicile

Principal Officer

Cindy Collins

Phone

8037436055

Tax Period

2023-01-01 to 2023-12-31

SOUTH CAROLINA COSMETOLOGIST ASSOCIATION, founded in 1934, is a micro nonprofit that reported $31K in total revenue in fiscal year 2023. Expenses of $38K exceeded revenue, resulting in a 21% operating deficit.

Mission

The organization provides educational opportunities in the cosmetology field and other areas related to beauty needs.

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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 $8,149

Program Service Revenue $2,822

Investment Income $0

Other Revenue $20,388

TOTAL REVENUE $31,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,660

Program Expenses $2,239

Other Expenses $36,351

TOTAL EXPENSES $38,011

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,359	$31,707	0.0%
Expenses	$38,011	$38,233	0.0%
Net Income	$-6,652	$-6,526	+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

101

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
John Scott	Vice President	40	Officer	$0	$0	$0
Dollie Swinton	Treasurer	40	Officer	$0	$0	$0
Loretta Way	Recording Secretary	40	Officer	$0	$0	$0
Hattie Rambert	Parliamentarian	25	Officer	$0	$0	$0
Josephine Holley	Historian	25	Officer	$0	$0	$0
Dia Clyburn	Director Region 4	40	Officer	$0	$0	$0
Cindy Collins	President	40	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
2023	$31,359	$38,011	$208,775	$-6,652
2022	$31,707	$38,233	$225,697	$-6,526
2021	$36,224	$44,321	$244,920	$-8,097
2020	$27,656	$42,068	$264,274	$-14,412
2019	$47,908	$55,907	$283,644	$-7,999
2018	$49,605	$51,428	$304,657	$-1,823

SOUTH CAROLINA COSMETOLOGIST ASSOCIATION