CONESTEE FOUNDATION INC

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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

2000

Legal Domicile

Principal Officer

HENRY SULLIVAN

Phone

8642772004

Tax Period

2023-01-01 to 2023-12-31

CONESTEE FOUNDATION INC, founded in 2000, is a community nonprofit in the Environment sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 7% surplus.

Mission

THROUGH RESPONSIBLE STEWARDSHIP OF OUR UNIQUE ECOLOGICAL RESOURCE, WE PROVIDE INCLUSIVE OPPORTUNITIES FOR MEANINGFUL CONNECTION, DISCOVERY, AND EDUCATION IN NATURE.

Program Service Accomplishments

Program 1

Expenses: $758,041 Revenue: $18,601

THE FOUNDATION OWNS AND OPERATES CONESTEE NATURE PRESERVE IN GREENVILLE COUNTY, SC, PROVIDING PUBLIC ACCESS 365 DAYS PER YEAR. THE FOUNDATION HAS FORMAL PARTNERSHIP AGREEMENTS WITH BOTH THE CITY AND COUNTY OF GREENVILLE, WITH MANY MUTUAL BENEFITS AND INCLUSION OF CONESTEE NATURE PRESERVE IN THE CITY AND COUNTY'S PORTFOLIO OF PARKS. THE COUNTY SHARES RESPONSIBILITY WITH THE FOUNDATION TO MAINTAIN THE PARK INFRASTRUCTURE. THE FOUNDATION CONTINUES TO ASSIST WITH BUILDING ADDITIONAL FEATURES AND REPAIRING AND MAINTAINING THE INFRASTRUCTURE. THE NATURE PARK IS A PUBLIC GREENSPACE AND RECREATION DESTINATION USED TO OPERATE A VIBRANT EDUCATION PROGRAM AND PROTECT LOCAL WILDLIFE.

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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 $1,265,840

Program Service Revenue $18,601

Investment Income $19,942

Other Revenue $-35,950

TOTAL REVENUE $1,268,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $706,767

Fundraising Expenses $115,067

Program Expenses $758,041

Other Expenses $468,215

TOTAL EXPENSES $1,174,982

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,268,433	$937,380	+0.4%
Expenses	$1,174,982	$883,814	+0.3%
Net Income	$93,451	$53,566	+0.7%

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

1000

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

$134,462

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CORLEY	EXECUTIVE DI	40.00	Officer	$110,100	$24,362	$134,462
BILL BRIDGES	CHAIR	7.00	Officer Director	$0	$0	$0
HENRY SULLIVAN	VICE CHAIR	7.00	Officer Director	$0	$0	$0
LESTER LIPPINCOTT	TREASURER	7.00	Officer Director	$0	$0	$0
VALERIE HOLLINGER	SECRETARY	5.00	Officer Director	$0	$0	$0
JOHN GARDNER	DIRECTOR	1.50	Director	$0	$0	$0
BUDDY MILLS	DIRECTOR	1.50	Director	$0	$0	$0
ANN MARIE RAVINDRAN	DIRECTOR	1.50	Director	$0	$0	$0
SCOTT TRENOR	DIRECTOR	1.50	Director	$0	$0	$0
GEORGE ZIMMERMAN	DIRECTOR	1.50	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	No data	No data	No data	No data
2023	$1,268,433	$1,174,982	$3,930,752	$93,451
2022	$937,380	$883,814	$3,791,491	$53,566
2021	$755,914	$730,912	$3,735,401	$25,002
2020	$651,510	$554,766	$3,702,090	$96,744
2019	$531,421	$543,874	$3,608,371	$-12,453
2018	$376,844	$567,113	$3,617,799	$-190,269