South Carolina Universities Research & Education Foundation (EIN 570880832) - 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

1988

Legal Domicile

Principal Officer

LADONNA HALL

Phone

8036424187

Tax Period

2024-07-01 to 2025-06-30

South Carolina Universities Research & Education Foundation, founded in 1988, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

THE FOUNDATION IS ORGANIZED TO SUPPORT THREE SOUTH CAROLINA UNIVERSITIES THAT PROVIDE RESEARCH FOR VARIOUS GOVERNMENT AGENCIES SUCH AS DEPARTMENT OF ENERGY, DEPARTMENT OF HOMELAND SECURITY, ETC. PRIMARILY IN THE NUCLEAR AREA.

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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 $2,978,647

Program Service Revenue $313,596

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,292,243

Expense Breakdown

Grants Paid $0

Salaries & Benefits $619,310

Fundraising Expenses $0

Program Expenses $3,051,501

Other Expenses $2,738,902

TOTAL EXPENSES $3,358,212

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,292,243	$2,730,907	+0.2%
Expenses	$3,358,212	$2,678,019	+0.3%
Net Income	$-65,969	$52,888	-2.2%

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

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

$189,196

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Craig Williamson	COO	40.00	Officer	$189,196	$0	$189,196
Travis Knight	Trustee	1.00	Director	$0	$0	$0
Tanju Karanfil	Trustee	1.00	Director	$0	$0	$0
Elbert R Malone	Trustee	1.00	Director	$0	$0	$0
Tiffany Boyd	Trustee	1.00	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	$3,292,243	$3,358,212	$307,815	$-65,969
2024	$2,730,907	$2,678,019	$628,410	$52,888
2023	$2,079,433	$2,069,129	$296,166	$10,304
2022	$222,425	$299,943	$441,838	$-77,518
2022	$2,289,190	$2,311,573	$282,676	$-22,383
2021	$2,208,324	$2,407,373	$556,555	$-199,049
2020	$2,428,857	$2,776,722	$911,999	$-347,865
2019	$2,803,811	$2,851,329	$1,052,724	$-47,518
2018	$3,069,597	$3,276,950	$1,135,985	$-207,353

South Carolina Universities Research & Education Foundation