South Carolina Manufacturing Exten… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

Andrew Carr

Phone

8642885687

Tax Period

2023-07-01 to 2024-06-30

South Carolina Manufacturing Extension Partnership, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $9.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

SCMEP is a strategic advisor, promoting business growth and connecting manufacturers to public and private resources essential to their achieving increased competitiveness and profitability. See Sch O for additional information.

Program Service Accomplishments

Program 1

Expenses: $8,233,002 Revenue: $4,491,918

SCMEP strengthens South Carolina manufacturing by developing programs to assist small and medium sized manufacturers with a range of innovative strategies and solutions to drive growth, eliminate...

SCMEP strengthens South Carolina manufacturing by developing programs to assist small and medium sized manufacturers with a range of innovative strategies and solutions to drive growth, eliminate waste and develop resources. During 2023, SCMEP served 496 manufacturers. Impacts generated from these services, as reported through an independent survey directly from clients, was $1.41 BillionoNew Sales $226 MillionoNew Investment $162 MillionoCost Savings $110 MillionoRetained Sales $914 Milliono Jobs Created: 804o Jobs Retained: 3,288

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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 $5,251,194

Program Service Revenue $4,491,918

Investment Income $164,920

Other Revenue $3,823

TOTAL REVENUE $9,911,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,664,701

Fundraising Expenses $0

Program Expenses $8,233,002

Other Expenses $6,142,087

TOTAL EXPENSES $9,806,788

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,911,855	$9,104,439	+0.1%
Expenses	$9,806,788	$9,006,175	+0.1%
Net Income	$105,067	$98,264	+0.1%

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

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

$460,502

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew Carr	President & CEO	40.00	Officer	$218,616	$31,875	$250,491
Stacy Smith	CFO	40.00	Officer	$180,997	$29,014	$210,011
Tony Moore	Director of Operations	40.00		$163,273	$26,560	$189,833
Christopher Wayne	VP Business Growth	40.00		$140,976	$43,650	$184,626
Stephen Deas	Process Impr Coach	40.00		$144,256	$32,471	$176,727
Susan Whitehead	Process Impr Coach	40.00		$141,031	$34,979	$176,010
David Woods	Process Impr Coach	40.00		$145,023	$30,863	$175,886
Arthur Crider	Regional VP	40.00		$139,474	$25,486	$164,960
Jonathan Dawley	Member	1.00	Director	$0	$0	$0
Donna Brin	Member	1.00	Director	$0	$0	$0
Meg Lanza	Secretary/Treas	1.00	Officer Director	$0	$0	$0
Russell Hurst	Chairman Elect	1.00	Officer Director	$0	$0	$0
Tim Hayden	Chairman	1.00	Officer Director	$0	$0	$0
Jacob Knight	Member	1.00	Director	$0	$0	$0
Juan Serrato	Member	1.00	Director	$0	$0	$0
Catherine Hayes	Member	1.00	Director	$0	$0	$0
Al Reid	Member	1.00	Director	$0	$0	$0
Amy Thomson	Member	1.00	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
2025	No data	No data	No data	No data
2024	$9,911,855	$9,806,788	$5,813,898	$105,067
2023	$9,104,439	$9,006,175	$5,791,407	$98,264
2022	$8,798,009	$8,866,910	$4,506,207	$-68,901
2021	$8,445,421	$8,049,185	$4,815,913	$396,236
2020	$7,579,816	$7,553,408	$4,273,793	$26,408
2019	$8,012,426	$7,895,869	$4,320,661	$116,557

South Carolina Manufacturing Extension Partnership