Grand Strand Housing and CDC (EIN 570922765) - 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

1990

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

Grand Strand Housing and CDC, founded in 1990, is a micro nonprofit that reported $52K in total revenue in fiscal year 2023. Expenses of $129K exceeded revenue, resulting in a 150% operating deficit.

Mission

To facilitate and or undertake the development of affordable housing in the Grand Strand area, to include Horry, Georgetown & Williamsburg Counties.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $25,000

Investment Income $621

Other Revenue $25,998

TOTAL REVENUE $51,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,873

Fundraising Expenses $0

Program Expenses $102,329

Other Expenses $72,925

TOTAL EXPENSES $128,798

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,619	$52,313	0.0%
Expenses	$128,798	$142,597	-0.1%
Net Income	$-77,179	$-90,284	-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

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
Kari Dettmer	Executive Director	40.00	Highest	$48,000	$0	$48,000
Greg McEvoy	Vice Chairman	2.00	Director	$0	$0	$0
John Stack	Chairman	2.00	Director	$0	$0	$0
Mary Catherine Hyman	Director	1.00	Director	$0	$0	$0
Erich Chatham	Director	0.50	Director	$0	$0	$0
Grace Orr	Treasurer	0.50	Director	$0	$0	$0
Johnny Brown	Director	2.00	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	No data	No data	No data	No data
2024	$51,619	$128,798	$54,111	$-77,179
2023	$52,313	$142,597	$1,029,327	$-90,284
2022	$378,993	$163,691	$1,129,919	$215,302
2021	$372,609	$132,483	$818,312	$240,126
2020	$250,891	$265,786	$563,985	$-14,895
2019	$601,723	$523,472	$569,106	$78,251
2018	$458,339	$462,114	$439,073	$-3,775

Grand Strand Housing and CDC