HISTORIC CHARLESTON FOUNDATION (EIN 576000599) - 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

1947

Legal Domicile

Principal Officer

WINSLOW HASTIE

Phone

8437231623

Tax Period

2023-01-01 to 2023-12-31

HISTORIC CHARLESTON FOUNDATION, founded in 1947, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $5.3M left a modest 4% surplus.

Mission

IN PURSUIT OF ITS MISSION OF ADVOCACY, PRESERVATION AND EDUCATION, HISTORIC CHARLESTON FOUNDATION HAS ACTIVELY ENGAGED THE COMMUNITY AND STAKEHOLDERS IN ISSUES OF LIVABILITY, SUSTAINABILITY, AFFORDABLE HOUSING, AND PROTECTION OF HISTORIC SETTLEMENT COMMUNITIES. THESE HAVE INCLUDED PHILIPS COMMUNITY AND HIGHWAY 41 CORRIDOR PROTECTION, THE LAUNCH OF THE COMMON CAUSE LOAN FUND AND THE NEXT PHASE OF THE ARMY CORP 3X3 SEAWALL, ET AL.

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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 $1,838,471

Program Service Revenue $1,911,173

Investment Income $426,614

Other Revenue $1,366,416

TOTAL REVENUE $5,542,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,877,101

Fundraising Expenses $397,598

Program Expenses $4,170,739

Other Expenses $2,431,210

TOTAL EXPENSES $5,308,311

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,542,674	$6,231,132	-0.1%
Expenses	$5,308,311	$5,240,677	+0.0%
Net Income	$234,363	$990,455	-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

130

Volunteers

398

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

$326,211

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WINSLOW W HASTIE	PRESIDENT/CEO	35.00	Officer	$181,873	$18,401	$200,274
LISBETH DROLET	CHIEF ADVOCACY OFFICER	35.00	Highest	$132,747	$16,646	$149,393
GABRIELLE MEUNIER	CHEIF FINANCIAL OFFICER	35.00	Officer	$110,734	$15,203	$125,937
RUTH M RAVENEL	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
MOLLY B WARING	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
JIMMY GALLANT III	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
JESSICA AARON	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
VINCENT G GRAHAM	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
SARAH-HAMILIN HASTINGS	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
VIRGINIA W DEERIN	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
WILLIAM E APPLEGATE IV	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
C ROBERTSON ALLEN II	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
CYNTHIA H HAYES	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
MARGARET M RASH	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
EDDIE BELLO	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
MARY AGNES	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
SARAH R DOLLENS	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
BRIAN C DUFFY	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
GLEN R GARDNER	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
SHAWAN GILLIANS	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
M ROCH HILLENBRAND	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
F PATRICIA SCARBOROUGH	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
ANNE G TINKER	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
FRANCES L WEBSTER	MEMBER, BOARD OF TRUSTEES	2.00	Director	$0	$0	$0
KATHERINE S ROBINSON	TUSTEE EMERITUS	2.00	Director	$0	$0	$0
DAVID MAYBANK III	VICE CHAIR, BOARD OF TRUSTEES	4.00	Officer Director	$0	$0	$0
J WILLIS CANTEY III	TREASURER, BOARD OF TRUSTEES	4.00	Officer Director	$0	$0	$0
LAWRENCE W GILLESPIE	SECRETARY, BOARD OF TRUSTEES	4.00	Officer Director	$0	$0	$0
ZOE L STEPHENS	PAST CHAIR, BOARD OF TRUSTEES	4.00	Officer Director	$0	$0	$0
ANNE H BLESSING	CHAIR, BOARD OF TRUSTEES	4.00	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
2024	No data	No data	No data	No data
2023	$5,542,674	$5,308,311	$33,540,369	$234,363
2022	$6,231,132	$5,240,677	$32,105,043	$990,455
2021	$6,777,038	$2,971,746	$32,935,368	$3,805,292
2020	$2,661,937	$3,568,861	$29,878,375	$-906,924
2019	$5,715,442	$5,214,271	$30,293,151	$501,171
2018	$5,135,603	$4,355,168	$28,626,158	$780,435

HISTORIC CHARLESTON FOUNDATION