GREENWOOD HERITAGE FOUNDATION (EIN 571028929) - 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

1995

Legal Domicile

Principal Officer

DAVID BUCKSHORN

Phone

8642277160

Tax Period

2023-10-01 to 2024-09-30

GREENWOOD HERITAGE FOUNDATION, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $391K in total revenue in fiscal year 2023. Revenue surged 202% from the prior year, signaling strong growth momentum. The organization ran a surplus of $253K, a strong 65% operating margin.

Mission

TO SUPPORT THE CHARITABLE MISSION OF WESLEY COMMONS, A CONTINUING CARE RETIREMENT COMMUNITY, LOCATED IN GREENWOOD, SC.

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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 $0

Investment Income $391,324

Other Revenue $0

TOTAL REVENUE $391,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $138,611

Other Expenses $138,611

TOTAL EXPENSES $138,611

Year-over-Year Comparison

	2023	2022	Change
Revenue	$391,324	$129,555	+2.0%
Expenses	$138,611	$130,294	+0.1%
Net Income	$252,713	$-739	-343.0%

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

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

$932,541

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MS BONNIE M RAMAGE	BOARD MEMBER	0.20	Director	$0	$0	$0
MS LAURIE SMITH	BOARD MEMBER	0.20	Director	$0	$0	$0
REV R WAYNE HORNE	CHAIR	0.50	Officer Director	$0	$0	$0
REV JEFFREY CHILDRESS	SECRETARY	0.20	Officer Director	$0	$0	$0
MR DAVID B BUCKSHORN	PRESIDENT/CEO	1.00	Officer	$0	$51,352	$545,913
MS SUSAN CRIBBS	CFO	1.00	Officer	$0	$60,006	$386,628

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	$391,324	$138,611	$5,486,792	$252,713
2023	$129,555	$130,294	$4,821,359	$-739
2022	$500,311	$21,250	$4,586,230	$479,061
2021	$607,566	$15,679	$5,294,435	$591,887
2020	$195,570	$13,256	$4,770,410	$182,314
2019	$198,296	$13,036	$4,361,901	$185,260
2018	$234,065	$50,968	$4,419,864	$183,097

GREENWOOD HERITAGE FOUNDATION