SC CHAMBER EDUCATION AND WORKFORCE DEVELOPMENT FOUNDATION (EIN 570901267) - 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

1989

Legal Domicile

Phone

8032552626

Tax Period

2024-10-01 to 2025-09-30

SC CHAMBER EDUCATION AND WORKFORCE DEVELOPMENT FOUNDATION, founded in 1989, is a small nonprofit that reported $988K in total revenue in fiscal year 2024. Revenue surged 331% from the prior year, signaling strong growth momentum.

Mission

ENGAGE IN ACTIVITIES THAT ARE DESIGNED TO ENHANCE PUBLIC EDUCATION, WORKFORCE DEVELOPMENT AND DIVERSITY INCLUSION.

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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 $873,331

Program Service Revenue $1,275

Investment Income $113,082

Other Revenue $0

TOTAL REVENUE $987,688

Expense Breakdown

Grants Paid $401,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $981,435

Other Expenses $591,302

TOTAL EXPENSES $992,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$987,688	$229,124	+3.3%
Expenses	$992,802	$304,901	+2.3%
Net Income	$-5,114	$-75,777	-0.9%

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

$148,981

Total Directors

$148,981

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Brenan	President and CEO	1.0	Officer Director	$0	$5,730	$148,981
Todd Hyneman	Treasurer	1.0	Officer Director	$0	$0	$0
Trey Simon	Chair	1.0	Officer Director	$0	$0	$0
Kathy Dudley Helms	Immediate Past Chair	1.0	Director	$0	$0	$0
Kristi Eidson	Member	1.0	Director	$0	$0	$0
Laura McKinney	Member	1.0	Director	$0	$0	$0
Monique McDaniels	Member	1.0	Director	$0	$0	$0
Rhonda Midgette	Diversity	1.0	Director	$0	$0	$0
Susan ONeal	VP Finance, Operations & Admin.	1.0	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	$987,688	$992,802	$2,412,093	$-5,114
2024	$229,124	$304,901	$2,238,927	$-75,777
2023	$278,618	$311,962	$1,982,658	$-33,344
2022	$238,517	$263,649	$1,913,859	$-25,132
2021	$125,999	$97,787	$2,196,767	$28,212
2020	$77,149	$66,678	$1,976,345	$10,471
2019	$216,220	$209,039	$1,680,828	$7,181

SC CHAMBER EDUCATION AND WORKFORCE DEVELOPMENT FOUNDATION