LADYS ISLAND BUSINESS & PROFESSION… - 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

2005

Legal Domicile

Principal Officer

SCOTT SHIPSEY

Phone

8435220066

Tax Period

2025-01-01 to 2025-12-31

LADYS ISLAND BUSINESS & PROFESSIONAL ASSOCIATION, founded in 2005, is a micro nonprofit that reported $3K in total revenue in fiscal year 2025. The organization ran a surplus of $806, a strong 28% operating margin.

Mission

PROMOTE PLANNED AND ORDERLY BUSINESS DEVELOPMENT AND GROWTH OF THE TOWN OF LADYS ISLAND, SOUTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $2,121 Revenue: $2,925

MAINTAINED AND GROOMED SAMS POINT ROAD MEDIUM STRIPS FOR ASTHETIC APPEAL FOR VISITORS TO LADYS ISLAND. REFURBISHED AND CLEANED EXISTING MEDIUM STRIP WELCOME SIGNAGE. POSTED PROMOTIONAL SIGNAGE FOR...

MAINTAINED AND GROOMED SAMS POINT ROAD MEDIUM STRIPS FOR ASTHETIC APPEAL FOR VISITORS TO LADYS ISLAND. REFURBISHED AND CLEANED EXISTING MEDIUM STRIP WELCOME SIGNAGE. POSTED PROMOTIONAL SIGNAGE FOR BUSINESSES THAT CONTRIBUTED TO MAINTANENCE OF MEDIUM STRIP AND WELCOME SIGN REFURBISHMENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,925

Investment Income $2

Other Revenue $0

TOTAL REVENUE $2,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,121

Other Expenses $2,121

TOTAL EXPENSES $2,121

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,927	$2,798	+0.0%
Expenses	$2,121	$7,329	-0.7%
Net Income	$806	$-4,531	-1.2%

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
STEVE THOMPSON	BOARD MEMBER	5.00	Director	$0	$0	$0
DAVID BARHOLOMEW	BOARD MEMBER	5.00	Director	$0	$0	$0
JASON HINCHER	BOARD MEMBER	5.00	Director	$0	$0	$0
RICHARD HOLIHAN	BOARD MEMBER	5.00	Director	$0	$0	$0
SCOTT SHIPSEY	PRESIDENT	5.00	Officer	$0	$0	$0
PAT HARVEY-PALMER	SECRETARYTREASURER	5.00	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	$2,927	$2,121	$15,760	$806
2024	$2,798	$7,329	$14,954	$-4,531
2023	$3,533	$8,511	$19,485	$-4,978
2020	$2,630	$1,792	$10,480	$838

LADYS ISLAND BUSINESS & PROFESSIONAL ASSOCIATION