SOUTH CAROLINA FIRST STEPS TO SCHOOL READINESS - CHESTERFIELD (EIN 571097787) - 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

1999

Legal Domicile

Principal Officer

KAREN MARTINI-WALLER

Phone

8439211452

Tax Period

2022-07-01 to 2023-06-30

SOUTH CAROLINA FIRST STEPS TO SCHOOL READINESS - CHESTERFIELD, founded in 1999, is a small nonprofit in the Education sector that reported $560K in total revenue in fiscal year 2022. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $617K exceeded revenue, resulting in a 10% operating deficit.

Mission

SECTION 59-152-10 OF THE SOUTH CAROLINA CODE ESTABLISHED THE SOUTH CAROLINA FIRST STEPS TO SCHOOL READINESS PROGRAM, WHICH IS A COMPREHENSIVE, RESULTS-ORIENTED INITIATIVE FOR IMPROVING EARLY CHILDHOOD DEVELOPMENT BY PROVIDING, THROUGH LOCAL PARTNERSHIPS, PUBLIC AND PRIVATE FUNDS, AND SUPPORT FOR HIGH- QUALITY EARLY CHILDHOOD DEVELOPMENT AND EDUCATIONS SERVICES FOR CHILDREN BY PROVIDING SUPPORT FOR THEIR FAMILIES' EFFORTS TOWARD ENABLING THEIR CHILDREN TO REACH SCHOOL READY TO SUCCEED.

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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 $559,983

Program Service Revenue $0

Investment Income $365

Other Revenue $0

TOTAL REVENUE $560,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $457,181

Fundraising Expenses $0

Program Expenses $592,201

Other Expenses $159,406

TOTAL EXPENSES $616,587

Year-over-Year Comparison

	2022	2021	Change
Revenue	$560,348	$708,236	-0.2%
Expenses	$616,587	$505,836	+0.2%
Net Income	$-56,239	$202,400	-1.3%

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

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

$89,105

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN MARTINI-WALLER	EXECUTIVE DI	40.00	Officer	$0	$0	$89,105
CHAN ANDERSON	BOARD MEMBER	0.48	Director	$0	$0	$0
MAREK CALHOUN	TREASURER	0.48	Officer Director	$0	$0	$0
MELISSA CHAPMAN	SECRETARY	0.50	Officer Director	$0	$0	$0
MARK EVANS	BOARD MEMBER	0.48	Director	$0	$0	$0
AMANDA GASKINS	BOARD MEMBER	0.48	Director	$0	$0	$0
MICHAEL KALTWANG	VICE CHAIR	0.26	Officer Director	$0	$0	$0
BERNICE LINTON	BOARD MEMBER	0.38	Director	$0	$0	$0
GERARD MYATT	BOARD MEMBER	0.96	Director	$0	$0	$0
TONY NOLAN	CHAIRMAN	N/A	Officer Director	$0	$0	$0
ERICA PHILLIPS	BOARD MEMBER	0.48	Director	$0	$0	$0
PRESTON PRICE	BOARD MEMBER	0.48	Director	$0	$0	$0
JED REID	BOARD MEMBER	0.48	Director	$0	$0	$0
AUDREY TONEY	BOARD MEMBER	0.35	Director	$0	$0	$0
DR KYLE WAGNER	BOARD MEMBER	0.56	Director	$0	$0	$0
TUMEKA WATSON	BOARD MEMBER	0.38	Director	$0	$0	$0
MARY WHITE	BOARD MEMBER	0.48	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	$560,348	$616,587	$499,416	$-56,239
2022	$708,236	$505,836	$618,300	$202,400
2021	$304,623	$268,219	$339,189	$36,404
2020	$280,087	$253,252	$301,228	$26,835
2019	$376,189	$414,274	$277,121	$-38,085
2018	$452,930	$441,619	$334,413	$11,311

SOUTH CAROLINA FIRST STEPS TO SCHOOL READINESS - CHESTERFIELD