SOUTHERN CAROLINA REGIONAL - CDC (EIN 571066960) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

MERYLIN M JACKSON

Phone

8037932046

Tax Period

2023-07-01 to 2024-06-30

SOUTHERN CAROLINA REGIONAL - CDC, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $311K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $441K exceeded revenue, resulting in a 42% operating deficit.

Mission

THE REVITALIZATION OF THE VOORHEES COLLEGE COMMUNITY, BAMBERG COUNTY, AND THE SOUTHERN CAROLINA REGION THROUGH HOUSING DEVELOPMENT, ECONOMIC DEVELOPMENT, EMPOWERMENT, AND THE OVERALL IMPROVEMENT OF THE QUALITY OF LIFE FOR LOW TO MODERATE INCOME RESIDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,628

Program Service Revenue $297,614

Investment Income $1,634

Other Revenue $150

TOTAL REVENUE $311,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,818

Fundraising Expenses $0

Program Expenses $384,288

Other Expenses $322,469

TOTAL EXPENSES $441,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,026	$560,487	-0.4%
Expenses	$441,287	$476,397	-0.1%
Net Income	$-130,261	$84,090	-2.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAKE BOOKARD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANN FREEMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
NORMAN LOFTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JANETH WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
GERALD WRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON KIRKLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
ROOSEVELT BRYANT	VICE CHAIRMAN	1.00	Officer 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	$311,026	$441,287	$2,374,547	$-130,261
2023	$560,487	$476,397	$2,557,873	$84,090
2022	$444,501	$369,475	$2,531,020	$75,026
2021	$421,095	$395,239	$2,524,229	$25,856
2020	$745,501	$468,603	$2,566,040	$276,898
2019	$387,349	$408,476	$2,333,534	$-21,127

SOUTHERN CAROLINA REGIONAL - CDC