SOUTH CAROLINA FIRST STEPS TO SCHO… - 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

1999

Legal Domicile

Principal Officer

GEORGIA MJARTAN

Phone

8037340479

Tax Period

2022-07-01 to 2023-06-30

SOUTH CAROLINA FIRST STEPS TO SCHOOL READINESS BOARD OF TRUSTEES, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $57.1M in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year. Expenses of $55.3M left a modest 3% surplus.

Mission

PER SOUTH CAROLINA CODE SECTION 59-152-30: "THE GOALS FOR SOUTH CAROLINA FIRST STEPS TO SCHOOL READINESS ARE TO: (1) PROVIDE PARENTS WITH ACCESS TO THE SUPPORT THEY MIGHT SEEK AND WANT TO STRENGTHEN THEIR FAMILIES AND TO PROMOTE THE OPTIMAL DEVELOPMENT OF THEIR PRESCHOOL CHILDREN; (2) INCREASE COMPREHENSIVE SERVICES SO CHILDREN HAVE REDUCED RISK FOR MAJOR PHYSICAL, DEVELOPMENTAL, AND LEARNING PROBLEMS; (3) PROMOTE HIGH-QUALITY PRESCHOOL PROGRAMS THAT PROVIDE A HEALTHY ENVIRONMENT THAT WILL PROMOTE NORMAL GROWTH AND DEVELOPMENT; (4) PROVIDE SERVICES SO ALL CHILDREN RECEIVE THE PROTECTION, NUTRITION, AND HEALTH CARE NEEDED TO THRIVE IN THE EARLY YEARS OF LIFE SO THEY ARRIVE AT SCHOOL READY TO SUCCEED; AND (5) MOBILIZE COMMUNITIES TO FOCUS EFFORTS ON PROVIDING ENHANCED SERVICES TO SUPPORT FAMILIES AND THEIR YOUNG CHILDREN SO AS TO ENABLE EVERY CHILD TO REACH SCHOOL HEALTHY AND READY TO SUCCEED."

Program Service Accomplishments

Program 1

Expenses: $25,393,771

SOUTH CAROLINA FIRST STEPS PROVIDES BOTH FUNDING AND TECHNICAL ASSISTANCE TO THE STATES NETWORK OF INDEPENDENT, NON-PROFIT FIRST STEPS COUNTY PARTNERSHIPS SO THAT SERVICES ARE AVAILABLE TO THE...

SOUTH CAROLINA FIRST STEPS PROVIDES BOTH FUNDING AND TECHNICAL ASSISTANCE TO THE STATES NETWORK OF INDEPENDENT, NON-PROFIT FIRST STEPS COUNTY PARTNERSHIPS SO THAT SERVICES ARE AVAILABLE TO THE CHILDREN WHO NEED THEM. IN EACH OF SOUTH CAROLINAS 46 COUNTIES, FIRST STEPS PROVIDES OR EXPANDS COMMUNITY EARLY LEARNING SERVICES AVAILABLE FOR YOUNG CHILDREN, THEIR FAMILIES, AND CAREGIVERS. THESE SERVICES FALL INTO FIVE IMPORTANT AREAS: 1. FAMILY STRENGTHENING 2. HEALTH AND OPERATIONS 3. CHILDCARE QUALITY 4. EARLY EDUCATION 5. SCHOOL TRANSITION

Program 2

Expenses: $27,654,044

SOUTH CAROLINA DEPARTMENT OF EDUCATION AND SOUTH CAROLINA FIRST STEPS ADMINISTER THE 4K PROGRAM. THE 4K PROGRAM UTILIZES A PUBLIC-PRIVATE SERVICE DELIVERY MODEL SO THAT PARENTS MAY ENROLL THEIR CHILD...

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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 (2022)

Revenue Breakdown

Contributions & Grants $57,048,890

Program Service Revenue $0

Investment Income $79,004

Other Revenue $0

TOTAL REVENUE $57,127,894

Expense Breakdown

Grants Paid $42,817,924

Salaries & Benefits $6,737,800

Fundraising Expenses $67,979

Program Expenses $53,047,815

Other Expenses $5,763,812

TOTAL EXPENSES $55,319,536

Year-over-Year Comparison

	2022	2021	Change
Revenue	$57,127,894	$62,957,264	-0.1%
Expenses	$55,319,536	$51,854,091	+0.1%
Net Income	$1,808,358	$11,103,173	-0.8%

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

103

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

$417,289

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGIA MJARTAN	EXECUTIVE DI	40.00	Officer	$128,493	$0	$128,493
MARK BARNES	DIRECTOR-ADM	40.00	Officer	$107,466	$0	$107,466
MARTHA STRICKLAND	4K STATE DIR	40.00	Officer	$96,527	$0	$96,527
DEREK CROMWELL	CHIEF PARTNE	40.00	Officer	$84,803	$0	$84,803
TERRY ALEXANDER	/HOUSE - APP	0.25	Director	$0	$0	$0
ROBERT BLACK	DMH, DIR-APP	0.25	Director	$0	$0	$0
PAULA CALHOON	HOUSE REPRES	0.25	Director	$0	$0	$0
SHELLEY CANRIGHT	EARLY CHILDH	0.25	Director	$0	$0	$0
JACQUE CURTIN	BUSINESS COM	0.25	Director	$0	$0	$0
MARY LYNNE DIGGS	HEAD START C	0.25	Director	$0	$0	$0
SHANNON ERICKSON	HOUSE REP-AP	0.25	Director	$0	$0	$0
MATTHEW FERGUSON	SUP EDUC DES	0.25	Director	$0	$0	$0
MICHELLE FRY	DDSN DIRECTO	0.25	Director	$0	$0	$0
JERRY GOVAN	HOUSE REPRES	0.25	Director	$0	$0	$0
JOHN HAYES	EARLY CHILDH	0.25	Director	$0	$0	$0
GREG HEMBREE	SENATE	0.25	Director	$0	$0	$0
CONSTANCE HOLLOWAY	DDSN, DIR-AP	0.25	Director	$0	$0	$0
ROGER PRYOR JR	CHILD CARE P	0.25	Director	$0	$0	$0
ROBERT KERR	DHHS DIRECTO	0.25	Director	$0	$0	$0
MICHAEL LEACH	DSS, DIRECTO	0.25	Director	$0	$0	$0
JESICA MACKEY	PARENT - YOU	0.25	Director	$0	$0	$0
GERALD MALLOY	SENATE	0.25	Director	$0	$0	$0
DAVID MATHIS	SUPER-EDU DE	0.25	Director	$0	$0	$0
JACK MCBRIDE	BUS COMM-APP	0.25	Director	$0	$0	$0
JENNIFER MCCONNELL	CHILD CARE P	0.25	Director	$0	$0	$0
DAVE MORLEY	GOVERNOR DES	0.25	Director	$0	$0	$0
JANIE NEELEY	PARENT - YOU	0.25	Director	$0	$0	$0
EDWARD SIMMER	DHEC DIRECTO	0.25	Director	$0	$0	$0
ELLEN WEAVER	SUP EDUC-APP	0.25	Director	$0	$0	$0
AMY WILLIAMS	MEDICAL PROV	0.25	Director	$0	$0	$0
BRENDA WILLIAMS	MED PROVIDER	0.25	Director	$0	$0	$0
SUE WILLIAMS	CHILDREN'S T	0.25	Director	$0	$0	$0
WES WOOTEN	CHILD CAR-AP	0.25	Director	$0	$0	$0
NICOLE WYNKOOP	PARENT - YOU	0.25	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	No data	No data	No data	No data
2023	$57,127,894	$55,319,536	$37,189,070	$1,808,358
2022	$62,957,264	$51,854,091	$32,777,753	$11,103,173
2021	$45,278,924	$37,665,399	$20,496,794	$7,613,525
2020	$37,132,014	$40,175,669	$12,313,458	$-3,043,655
2019	$36,397,435	$36,644,235	$17,853,288	$-246,800
2018	$43,742,102	$42,801,079	$18,846,113	$941,023

SOUTH CAROLINA FIRST STEPS TO SCHOOL READINESS BOARD OF TRUSTEES