SC GOVERNOR'S SCHOOL FOR THE ARTS … - 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

Formation Year

1985

Legal Domicile

Principal Officer

AMANDA HERLIHY

Phone

8642821570

Tax Period

2024-07-01 to 2025-06-30

SC GOVERNOR'S SCHOOL FOR THE ARTS AND HUMANITIES FOUNDATION INC, founded in 1985, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $9.3M represent 60 months of operating reserves.

Mission

WE SERVE SOUTH CAROLINA'S ARTISTICALLY TALENTED STUDENTS BY INCREASING AWARENESS AND RAISING REVENUES TO ENSURE EXCELLENCE IN OUR NATION'S PREMIERE PUBLIC RESIDENTIAL HIGH SCHOOL FOR THE ARTS. THE FOUNDATION RAISES PRIVATE DOLLARS TO INCREASE ACCESS TO THE SCHOOL FOR STUDENTS WITH FINANCIAL NEEDS, SUPPORTS THE SCHOOL'S EFFORTS TO PROVIDE ARTS EDUCATION IN UNDER-RESOURCED COUNTIES, AND BRIDGES THE GAP BETWEEN STATE FUNDING AND THE UNIQUE NEEDS OF A PREMIERE PUBLIC ARTS SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $1,624,148 Revenue: $11,799

THE GOVERNORS SCHOOL FOR THE ARTS AND HUMANITIES FOUNDATION PROVIDES ESSENTIAL SUPPORT TO ENSURE STUDENTS HAVE FULL ACCESS TO THE SCHOOLS TRANSFORMATIVE ARTS EDUCATION. THE FOUNDATION HELPS REMOVE...

THE GOVERNORS SCHOOL FOR THE ARTS AND HUMANITIES FOUNDATION PROVIDES ESSENTIAL SUPPORT TO ENSURE STUDENTS HAVE FULL ACCESS TO THE SCHOOLS TRANSFORMATIVE ARTS EDUCATION. THE FOUNDATION HELPS REMOVE FINANCIAL BARRIERS BY COVERING MEAL PLAN ASSISTANCE, THE ONLY COST TO ATTEND THIS PUBLIC RESIDENTIAL HIGH SCHOOL AND SUMMER PROGRAMS, AUDITION TRAVEL AND LODGING EXPENSES, AND EMERGENCY HEALTH AND WELLNESS SUPPORT FOR STUDENTS IN NEED. BEYOND CAMPUS, THE FOUNDATION EXTENDS ITS IMPACT STATEWIDE BY FUNDING ARTS EDUCATION INITIATIVES IN UNDERSERVED COMMUNITIES AND PROFESSIONAL DEVELOPMENT FOR PUBLIC SCHOOL TEACHERS. THE FOUNDATION PROVIDES SUPPLIES AND SUPPORT FOR ALL SIX ART DISCIPLINES, SPECIALIZED EQUIPMENT, MASTERCLASSES WITH GUEST ARTISTS, AND PRODUCTION SUPPORT TO ENHANCE ARTISTIC EXCELLENCE. ADDITIONALLY, IT INVESTS IN CAPITAL ENHANCEMENTS TO IMPROVE LEARNING AND PERFORMANCE SPACES, ENSURING STUDENTS RECEIVE THE HIGHEST QUALITY ARTS EDUCATION EXPERIENCE.

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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 $1,390,425

Program Service Revenue $11,799

Investment Income $541,467

Other Revenue $-74,535

TOTAL REVENUE $1,869,156

Expense Breakdown

Grants Paid $977,258

Salaries & Benefits $319,214

Fundraising Expenses $182,545

Program Expenses $1,624,148

Other Expenses $689,428

TOTAL EXPENSES $1,985,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,869,156	$2,061,229	-0.1%
Expenses	$1,985,900	$1,722,310	+0.2%
Net Income	$-116,744	$338,919	-1.3%

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

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

$123,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA HERLIHY	EXECUTIVE DI	40.00	Officer	$107,868	$15,432	$123,300
FAIN MCDANIEL	CHAIR / SECR	0.50	Officer Director	$0	$0	$0
THAD DULIN	TREASURER	0.50	Officer Director	$0	$0	$0
JO BETTIS	DIRECTOR	0.25	Director	$0	$0	$0
TAMARA BUIE	DIRECTOR	0.25	Director	$0	$0	$0
MINDIE DEVEER	DIRECTOR	0.25	Director	$0	$0	$0
LAURA DUKES	DIRECTOR	0.25	Director	$0	$0	$0
BRIAN HARRIS	DIRECTOR	0.25	Director	$0	$0	$0
DAVID KELLER	DIRECTOR	0.25	Director	$0	$0	$0
CARL MAKI	DIRECTOR	0.25	Director	$0	$0	$0
KEVIN MIHALY	DIRECTOR	0.25	Director	$0	$0	$0
ALFRED MITCHELL	DIRECTOR	0.25	Director	$0	$0	$0
MAGGIE MORTON	DIRECTOR	0.25	Director	$0	$0	$0
STEPHANIE MUNDY-SELF	DIRECTOR	0.25	Director	$0	$0	$0
ELEANOR NORDHOLM	DIRECTOR	0.25	Director	$0	$0	$0
CHAD PROSSER	DIRECTOR	0.25	Director	$0	$0	$0
LISA SHEEHAN	DIRECTOR	0.25	Director	$0	$0	$0
JANE TAYLOR	DIRECTOR	0.25	Director	$0	$0	$0
JONNIKA WILSON	DIRECTOR	0.25	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
2025	$1,869,156	$1,985,900	$9,360,481	$-116,744
2024	$2,061,229	$1,722,310	$9,057,103	$338,919
2023	$1,209,788	$1,780,014	$7,915,093	$-570,226
2022	$514,877	$1,488,801	$7,520,483	$-973,924
2019	$1,256,365	$973,691	$6,791,156	$282,674
2018	$1,043,621	$908,000	$6,508,811	$135,621

SC GOVERNOR'S SCHOOL FOR THE ARTS AND HUMANITIES FOUNDATION INC