SEA PINES FOREST PRESERVE FOUNDATION (EIN 570985915) - 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

VICTORIA SHANAHAN

Phone

8436721343

Tax Period

2024-01-01 to 2024-12-31

SEA PINES FOREST PRESERVE FOUNDATION, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $262K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $295K exceeded revenue, resulting in a 13% operating deficit.

Mission

APPROXIMATELY 40,000 PERSONS VISIT THE SEA PINES FOREST PRESERVE ON AN ANNUAL BASIS. THESE VISITORS TAKE SELF-GUIDED TOURS OF THE PRESERVE. APPROXIMATELY 40 DIFFERENT GROUPS AND ORGANIZATIONS HOLD EDUCATIONAL AND ENVIRONMENTAL FUNCTIONS IN THE PRESERVE USING THE FACILITIES PROVIDED BY THE FOUNDATION. THE FOUNDATION PROVIDES MAINTENANCE AND HABITAT IMPROVEMENTS TO THE SEA PINES PRESERVE WHICH ARE FUNDED BY DONATIONS RECEIVED FROM VISITORS AND RESIDENTS OF SEA PINES.

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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 $194,084

Program Service Revenue $20,345

Investment Income $11,951

Other Revenue $35,514

TOTAL REVENUE $261,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,082

Fundraising Expenses $0

Program Expenses $285,339

Other Expenses $220,990

TOTAL EXPENSES $295,072

Year-over-Year Comparison

	2024	2023	Change
Revenue	$261,894	$349,640	-0.3%
Expenses	$295,072	$215,868	+0.4%
Net Income	$-33,178	$133,772	-1.2%

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

$562,280

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ELLIS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
WILLIAM JOHNSON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CARY CORBITT	SECRETARY	1.00	Officer Director	$0	$0	$0
LEE ANN LEAHY	TREASURER	2.00	Officer Director	$0	$0	$0
DON SIGMON	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES BENNETT	PRESIDENT-CSA	1.00	Officer	$0	$14,229	$367,763
VICTORIA SHANAHAN	VICE PRESIDENT & CFO	1.00	Officer	$0	$16,845	$194,517

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	$261,894	$295,072	$1,002,788	$-33,178
2023	$349,640	$215,868	$1,027,141	$133,772
2022	$220,555	$212,101	$879,447	$8,454
2021	$481,578	$220,798	$847,303	$260,780
2020	$203,460	$227,487	$592,324	$-24,027
2019	$211,416	$189,056	$618,557	$22,360
2018	$300,335	$274,728	$584,605	$25,607

SEA PINES FOREST PRESERVE FOUNDATION