NATIVE ISLAND BUSINESS & COMMUNITY AFFAIRS ASSOCIATION INC

EIN: 571019358 501(c)(3) Community Improvement

HILTON HEAD ISLAND, SC

Total Revenue
$455,653
Total Expenses
$399,041
Total Assets
$139,549
Net Assets
$139,549
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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
1994
Legal Domicile
SC
Principal Officer
ERIC TURPIN
Phone
8422557303
Tax Period
2024-01-01 to 2024-12-31

NATIVE ISLAND BUSINESS & COMMUNITY AFFAIRS ASSOCIATION INC, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $456K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $399K left a modest 12% surplus.

Mission

MISSION IS TO IMPROVE THE ECONCOMIC, SOCIAL AND LIVING CONDITIONS OF LOW- INCOME RESIDENTS OF HILTON HEAD ISLAND AND NEIGHBORING COMMUNITIES AND TO RAISE AWARENESS OF HILTON HEAD'S INDIGENOUS AFRICAN AMERICAN COMMUNITY'S ARTS, CRAFTS, AND FOOD CULTURE.

Program Service Accomplishments

Program 1
Expenses: $313,981 Revenue: $36,636

THE ORGANIZATION SPONSORED, ORGANIZED AND CONDUCTED VARIOUS EVENTS TO PRESERVE THE GULLAH CULTURE WHILE AT THE SAME TIME PROVIDING BUSINESS OPPORTUNITIES TO LOW-INCOME RESDIENTS OF HILTON HEAD ISLAND...

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THE ORGANIZATION SPONSORED, ORGANIZED AND CONDUCTED VARIOUS EVENTS TO PRESERVE THE GULLAH CULTURE WHILE AT THE SAME TIME PROVIDING BUSINESS OPPORTUNITIES TO LOW-INCOME RESDIENTS OF HILTON HEAD ISLAND AND SURROUNDING COMMUNITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $269,493
Program Service Revenue $36,636
Investment Income $147,969
Other Revenue $1,555
TOTAL REVENUE $455,653

Expense Breakdown

Grants Paid $0
Salaries & Benefits $100,700
Fundraising Expenses $361
Program Expenses $313,981
Other Expenses $298,341
TOTAL EXPENSES $399,041

Year-over-Year Comparison

2024 2023 Change
Revenue $455,653 $326,516 +0.4%
Expenses $399,041 $383,390 +0.0%
Net Income $56,612 $-56,874 -2.0%
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

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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
21

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
5
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSELLE WILSON CHAIRMAN N/A
Officer
$0 $0 $0
ERIC TURPIN EXECUTIVE DI N/A
Officer Director
$0 $0 $0
NELL BARNWELL-HAY VICE CHAIRMA N/A
Officer
$0 $0 $0
DAVID MURRAY DIRECTOR N/A
Director
$0 $0 $0
QUINCY JERMAINE CAMPBELL TREASURER N/A
Officer
$0 $0 $0
JAMES ERIC BARNWELL DIRECTOR N/A
Director
$0 $0 $0
JAYME LOPKO OFFICER N/A
Officer
$0 $0 $0
THOMAS CURTIS BARNWELL III GULLAH CELEB N/A
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
2024 $455,653 $399,041 $139,549 $56,612
2023 $326,516 $383,390 $82,606 $-56,874
2022 $461,365 $340,016 $139,811 $121,349
2021 $236,820 $250,077 $68,980 $-13,257
2020 $373,275 $362,950 $83,014 $10,325
2019 $292,317 $294,095 $60,211 $-1,778
2018 $249,770 $284,436 $61,450 $-34,666
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