SOUTH CAROLINA FIRST STEPS TO SCHOOL READINESS-MCCORMICK (EIN 571097862) - 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

NATOYA CARTLEDGE

Phone

8648529018

Tax Period

2022-07-01 to 2023-06-30

SOUTH CAROLINA FIRST STEPS TO SCHOOL READINESS-MCCORMICK, founded in 1999, is a small nonprofit in the Education sector that reported $247K in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

SECTION 59-152-10 OF THE SOUTH CAROLINA CODE ESTABLISHED THE SOUTH CAROLINA FIRST STEPS TO SCHOOL READINESS PROGRAM, 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 EDUCATION SERVICES FOR CHILDREN BY PROVIDING SUPPORT FOR THEIR FAMILIES' EFFORTS TOWARD ENABLING THEIR CHILDREN TO REACH SCHOOL READY TO SUCCEED. OUR MISSION IS THAT EVERY SOUTH CAROLINA CHILD WILL ARRIVE AT KINDERGARTEN 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 $247,317

Program Service Revenue $0

Investment Income $47

Other Revenue $0

TOTAL REVENUE $247,364

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,427

Fundraising Expenses $0

Program Expenses $233,586

Other Expenses $141,899

TOTAL EXPENSES $266,326

Year-over-Year Comparison

	2022	2021	Change
Revenue	$247,364	$218,495	+0.1%
Expenses	$266,326	$218,559	+0.2%
Net Income	$-18,962	$-64	+295.3%

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

$44,313

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATOYA CARTLEDGE	EXECUTIVE DI	40.00	Officer	$44,313	$0	$44,313
SHARON BORDEAUX	BOARD MEMBER	1.15	Director	$0	$0	$0
DONNA ENGLAND	BOARD MEMBER	0.38	Director	$0	$0	$0
DEBORAH GUNTER	BOARD MEMBER	0.19	Director	$0	$0	$0
FREDRICK FULLER JR	BOARD MEMBER	0.38	Director	$0	$0	$0
DANIEL LOTT	BOARD MEMBER	0.19	Director	$0	$0	$0
NATHAN MCCASLINE	BOARD MEMBER	0.38	Director	$0	$0	$0
SALISA MCTEER	BOARD MEMBER	0.19	Director	$0	$0	$0
BRENDA MOORE	BOARD MEMBER	0.19	Director	$0	$0	$0
APRIL E OUZTS	BOARD MEMBER	0.19	Director	$0	$0	$0
ANN SNYDER	BOARD MEMBER	0.28	Director	$0	$0	$0
MAE PHILLIPS TURNER	BOARD MEMBER	0.38	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	$247,364	$266,326	$75,614	$-18,962
2022	$218,495	$218,559	$72,698	$-64
2021	$206,574	$196,751	$102,827	$9,823
2020	$193,878	$196,770	$83,503	$-2,892
2019	$213,245	$234,999	$125,589	$-21,754
2018	$208,918	$196,588	$124,929	$12,330

SOUTH CAROLINA FIRST STEPS TO SCHOOL READINESS-MCCORMICK