LADYS ISLAND BUSINESS & PROFESSIONAL ASSOCIATION (EIN 570803624) - 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

2005

Legal Domicile

Principal Officer

SCOTT SHIPSEY

Phone

8435220066

Tax Period

2024-01-01 to 2024-12-31

LADYS ISLAND BUSINESS & PROFESSIONAL ASSOCIATION, founded in 2005, is a micro nonprofit that reported $3K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $7K exceeded revenue, resulting in a 162% operating deficit.

Mission

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

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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 $0

Program Service Revenue $2,660

Investment Income $138

Other Revenue $0

TOTAL REVENUE $2,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,329

Other Expenses $7,329

TOTAL EXPENSES $7,329

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,798	$3,533	-0.2%
Expenses	$7,329	$8,511	-0.1%
Net Income	$-4,531	$-4,978	-0.1%

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

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
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