CERTIFIED DEVELOPMENT CORPORATION OF SOUTH CAROLINA (EIN 570962986) - 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

1993

Legal Domicile

Principal Officer

PETER SHAND

Phone

8037984064

Tax Period

2025-01-01 to 2025-12-31

CERTIFIED DEVELOPMENT CORPORATION OF SOUTH CAROLINA, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $569K in total revenue in fiscal year 2025. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $118K, a strong 21% operating margin.

Mission

TO PROVIDE ASSISTANCE IN FINANCING FOR SOUTH CAROLINA BUSINESSES

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $542,200

Investment Income $6,302

Other Revenue $20,839

TOTAL REVENUE $569,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $401,242

Other Expenses $451,180

TOTAL EXPENSES $451,180

Year-over-Year Comparison

	2025	2024	Change
Revenue	$569,341	$447,388	+0.3%
Expenses	$451,180	$400,342	+0.1%
Net Income	$118,161	$47,046	+1.5%

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

$3,225

Total Directors

$13,875

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS T YEATES	CHAIRMAN	1.00	Officer	$1,800	$0	$1,800
JOHN CADENA	SECRETARY	1.00	Officer	$1,425	$0	$1,425
J HOLT CHETWOOD	DIRECTOR	1.00	Director	$1,500	$0	$1,500
GREGORY DAVIS	DIRECTOR	1.00	Director	$1,425	$0	$1,425
FJ DANIEL FELDER III	DIRECTOR	1.00	Director	$1,350	$0	$1,350
JOHN W FOLSOM	DIRECTOR	1.00	Director	$1,725	$0	$1,725
CHANTAL FRYER	DIRECTOR	1.00	Director	$1,800	$0	$1,800
R MONTAGUE LAFFITTE III	DIRECTOR	1.00	Director	$1,350	$0	$1,350
F WILLIAM LAMOTTE III	DIRECTOR	1.00	Director	$1,125	$0	$1,125
SAMUEL M LEAMAN III	DIRECTOR	1.00	Director	$1,125	$0	$1,125
JM MALINOWSKI	DIRECTOR	1.00	Director	$600	$0	$600
C GREGORY ROBINSON	DIRECTOR	1.00	Director	$1,125	$0	$1,125
JOHN TRULUCK	DIRECTOR	1.00	Director	$750	$0	$750
MICHELLE DAVIS	EXECUTIVE DI	1.00	Officer	$0	$0	$0
PETER SHAND	EXEC VICE PR	1.00	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	$569,341	$451,180	$1,317,257	$118,161
2024	$447,388	$400,342	$1,146,231	$47,046
2023	$460,138	$366,223	$1,074,184	$93,915
2022	$473,910	$469,478	$1,132,065	$4,432
2021	$400,949	$365,338	$1,059,875	$35,611
2020	$324,600	$320,864	$963,360	$3,736
2019	$383,433	$377,755	$992,211	$5,678
2018	$346,311	$341,848	$929,398	$4,463

CERTIFIED DEVELOPMENT CORPORATION OF SOUTH CAROLINA