BUSINESS DEVELOPMENT CORPORATION OF CLARENDON COUNTY (EIN 570949036) - 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

1992

Legal Domicile

Principal Officer

GEORGE KOSINSKI

Phone

8034358813

Tax Period

2024-07-01 to 2025-06-30

BUSINESS DEVELOPMENT CORPORATION OF CLARENDON COUNTY, founded in 1992, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 62% operating margin.

Mission

TO ENCOURAGE ECONOMIC DEVELOPMENT IN CLARENDON COUNTY

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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 $3,048,635

Program Service Revenue $0

Investment Income $-63,293

Other Revenue $158,182

TOTAL REVENUE $3,143,524

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,151,571

TOTAL EXPENSES $1,201,571

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,143,524	$1,485,516	+1.1%
Expenses	$1,201,571	$947,511	+0.3%
Net Income	$1,941,953	$538,005	+2.6%

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

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

$120,225

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY HAM	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW PRINCE	DIRECTOR	2.00	Director	$0	$0	$0
GG CUTTER	DIRECTOR	2.00	Director	$0	$0	$0
BLAKE GIBBONS	DIRECTOR	2.00	Director	$0	$0	$0
ROGER FLOWERS	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT BOYKIN	DIRECTOR	2.00	Director	$0	$0	$0
KEN WELLS	DIRECTOR	2.00	Director	$0	$0	$0
STEVE C GAMBLE	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL GAINEY	CHAIR	2.00	Officer Director	$0	$0	$0
LISA JUSTICE	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE KOSINSKI	EXECUTIVE DIRECTOR	10.00	Officer	$0	$0	$120,225

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	$3,143,524	$1,201,571	$10,945,803	$1,941,953
2024	$1,485,516	$947,511	$9,684,451	$538,005
2023	$1,091,659	$526,677	$8,320,762	$564,982
2022	$1,196,088	$1,264,758	$7,875,750	$-68,670
2021	$836,779	$580,161	$7,967,710	$256,618
2020	$556,630	$409,931	$8,486,137	$146,699
2019	$657,039	$609,433	$8,298,543	$47,606

BUSINESS DEVELOPMENT CORPORATION OF CLARENDON COUNTY