COMMUNITY SERVICES ASSOCIATES INC (EIN 570888471) - 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

1987

Legal Domicile

Principal Officer

VICTORIA SHANAHAN

Phone

8436711343

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY SERVICES ASSOCIATES INC, founded in 1987, is a mid-sized nonprofit in the Housing & Shelter sector that reported $22.1M in total revenue in fiscal year 2024.

Mission

TO PROTECT, MAINTAIN, AND ENHANCE THE RESOURCES OF SEA PINES FOR THE BENEFIT OF THE COMMUNITY.

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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 $21,117,025

Investment Income $925,028

Other Revenue $56,856

TOTAL REVENUE $22,098,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,972,903

Fundraising Expenses $0

Program Expenses $18,527,732

Other Expenses $15,175,554

TOTAL EXPENSES $23,148,457

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,098,909	$21,569,703	+0.0%
Expenses	$23,148,457	$18,610,947	+0.2%
Net Income	$-1,049,548	$2,958,756	-1.4%

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

141

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

$562,280

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD SIGMON	DIRECTOR	2.00	Director	$0	$0	$0
ANN ESPOSITO	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT GOSSETT	DIRECTOR	2.00	Director	$0	$0	$0
TIM STEARNS	DIRECTOR	2.00	Director	$0	$0	$0
CLIFF MCMACKIN	DIRECTOR	2.00	Director	$0	$0	$0
DAVE SCHOETTMER	DIRECTOR	2.00	Director	$0	$0	$0
LARRY MOVSHIN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID PARDUE	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD RAY	DIRECTOR	2.00	Director	$0	$0	$0
ANDREA TARBOX	DIRECTOR	2.00	Director	$0	$0	$0
STEVE BIRDWELL	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS SHARP	DIRECTOR	2.00	Director	$0	$0	$0
RAY WARCO	DIRECTOR	2.00	Director	$0	$0	$0
DAVID ELLIS	CHAIR	8.00	Officer Director	$0	$0	$0
JIM KASKIE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CARY CORBETT	SECRETARY	2.00	Officer Director	$0	$0	$0
LEEANN LEAHY	TREASURER	2.00	Officer Director	$0	$0	$0
CHARLES BENNETT	PRESIDENT	36.00	Officer	$353,534	$14,229	$367,763
VICTORIA SHANAHAN	VICE PRESIDENT & CFO	40.00	Officer	$177,672	$16,845	$194,517
KYRIE BROCKINGTON	ROADSIDE	40.00	Highest	$122,107	$11,360	$133,467
JOSEPTH COUNT	DIRECTOR SAFETY, SECURITY AND TRANSPORTATION	40.00	Highest	$149,138	$21,578	$170,716
RUSSELL FREDERICKS	DIRECTOR OF PROJECTS AND CONTRACTS	40.00	Highest	$165,091	$26,124	$191,215
DAVID HENDERSON	DIRECTOR OF SPECIAL PROJECTS	40.00	Highest	$110,252	$26,297	$136,549
JERRED MAYSE	DIRECTOR OF MAINTENANCE & FACILITIES	40.00	Highest	$124,593	$20,146	$144,739

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	$22,098,909	$23,148,457	$27,806,321	$-1,049,548
2023	$21,569,703	$18,610,947	$28,494,050	$2,958,756
2022	$18,608,749	$16,898,955	$22,820,495	$1,709,794
2021	$14,495,828	$15,289,483	$20,961,212	$-793,655
2020	$13,758,794	$13,121,554	$22,501,693	$637,240
2019	$12,991,788	$12,040,765	$19,825,434	$951,023
2018	$12,575,249	$12,863,182	$19,151,894	$-287,933

COMMUNITY SERVICES ASSOCIATES INC