Municipal Association of South Carolina

EIN: 576000743

Columbia, SC

Total Revenue
$15,571,548
Total Expenses
$13,661,658
Total Assets
$32,792,149
Net Assets
$12,726,976
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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
1939
Legal Domicile
SC
Principal Officer
B Todd Glover
Phone
8039331234
Tax Period
2023-01-01 to 2023-12-31

Municipal Association of South Carolina, founded in 1939, is a mid-sized nonprofit that reported $15.6M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $13.7M left a modest 12% surplus.

Mission

The Association is dedicated to the principle of its founding members: to offer the services, programs and tools that will give municipal officials the knowledge, experience and skills to enable the most efficient and effective operation of their municipalities.

Program Service Accomplishments

Program 1
Expenses: $4,980,774 Revenue: $1,017,368

Education: The Association sponsors training and education opportunities through general and specialized interest meetings, training institutes, communication/publications, achievement awards, field...

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Education: The Association sponsors training and education opportunities through general and specialized interest meetings, training institutes, communication/publications, achievement awards, field services, and sponsorships of 11affiliate groups. The Association provides ongoing support for the following affiliate groups: SC Business Licensing Officials Assn, SC Utility Billing Assn, SC Community Development Assn, Municipal Officers, Clerks, & Treasurers Assn, Municipal Human Resources Assn, SC Municipal Attorneys Assn, SC Assn of Storm Water Managers, Municipal Technology Assn of SC, SC Assn of Municipal Power Systems, Municipal Court Adm of SC, and Assn of SC Mayors. See Schedule O for more details.

Program 2
Expenses: $4,472,496 Revenue: $4,631,378

Risk Management & Insurance Services: The Association manages four insurance programs, including two self-funded insurance programs, an insurance agency, and an OPEB trust. Services provided include...

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Risk Management & Insurance Services: The Association manages four insurance programs, including two self-funded insurance programs, an insurance agency, and an OPEB trust. Services provided include workers' compensation insurance, property & liability insurance, placement of ancillary policies, and an Other Retirees Benefit Trust. These products are provided within separate, related companies. See Sch R with the management of the programs provided by the Association. In addition, the Association's Risk Management Services RMS staff helps program members build effective safety programs to lower their insurance costs through reduction of claims. RMS also assists members in other areas. See Sch O for additional information.

Program 3
Expenses: $1,372,716

Advocacy: The Association's advocacy initiatives support SC hometowns and the value they bring to the state. The Association's legislative agenda focuses on issues that promote economic growth...

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Advocacy: The Association's advocacy initiatives support SC hometowns and the value they bring to the state. The Association's legislative agenda focuses on issues that promote economic growth, enhance a positive quality of life, and encourage local accountability and fiscal responsibility. Advocacy efforts use a variety of tools, including supporting the National League of Cities & Southern Municipal conference meetings and sponsoring regional advocacy meetings, Hometown Legislative Day, and legislative monitoring and lobbying efforts. See Sch O for additional details.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $13,100,024
Investment Income $2,151,656
Other Revenue $319,868
TOTAL REVENUE $15,571,548

Expense Breakdown

Grants Paid $309,993
Salaries & Benefits $9,284,471
Fundraising Expenses $0
Program Expenses $12,669,428
Other Expenses $4,067,194
TOTAL EXPENSES $13,661,658

Year-over-Year Comparison

2023 2022 Change
Revenue $15,571,548 $12,598,311 +0.2%
Expenses $13,661,658 $12,862,064 +0.1%
Net Income $1,909,890 $-263,753 -8.2%
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

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Governance

Voting Members
19
Independent Members
19
Employees
69
Volunteers
150

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
6
$600,572
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
B Todd Glover Executive Dir. 40.00
Officer
$296,686 $58,659 $355,345
Heather Ricard Director, RMS 40.00
$267,990 $54,288 $322,278
Eric Budds Deputy Exec Director 40.00
$245,776 $53,934 $299,710
Jake Broom COO 40.00
$210,634 $44,614 $255,248
Stephanie K O'Cain CFO 40.00
Officer
$200,476 $44,751 $245,227
Scott Slatton Mgr, Advocacy & Public Policy 40.00
$201,268 $43,188 $244,456
B Eric Shytle General Counsel 40.00
$168,262 $39,950 $208,212
Casey Fields Mgr Legis/Advocacy 40.00
$148,151 $34,139 $182,290
Virginia Butler Systems Analyst 40.00
$146,010 $34,685 $180,695
Joannie Nickel Legis Advocate 40.00
$136,382 $34,246 $170,628
Caitlin Cothran Mgr, LRS 40.00
$136,054 $32,343 $168,397
Charlie Barrineau Field Svc Mgr 40.00
$127,325 $32,767 $160,092
Michael Butler Trustee 1.00
Director
$0 $0 $0
Lancer Shull Vice President 1.00
Director
$0 $0 $0
David McGhee Trustee 1.00
Director
$0 $0 $0
Jason Evans Trustee 1.00
Director
$0 $0 $0
Stellartean Jones Trustee 1.00
Director
$0 $0 $0
Judy Bridge Trustee 1.00
Director
$0 $0 $0
Robert Garner Trustee 1.00
Director
$0 $0 $0
Brenda Bethune Trustee 1.00
Director
$0 $0 $0
Deron McCormick Trustee 1.00
Director
$0 $0 $0
Desiree Fragoso Trustee 1.00
Director
$0 $0 $0
Jeffrey Graham Trustee 1.00
Director
$0 $0 $0
Guang Ming Whitley Trustee 1.00
Director
$0 $0 $0
Kenneth Grist Trustee 0.00
Director
$0 $0 $0
Tem Miles Trustee 0.00
Director
$0 $0 $0
LaDonna Hall Trustee 0.00
Director
$0 $0 $0
Barbara Blain-Bellamy President 1.00
Officer
$0 $0 $0
Brandy Amidon Vice President 1.00
Officer
$0 $0 $0
Greg Habib Vice President 1.00
Officer
$0 $0 $0
Cornelius Huff President 0.00
Officer
$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 $15,571,548 $13,661,658 $32,792,149 $1,909,890
2022 $12,598,311 $12,862,064 $29,996,653 $-263,753
2021 $13,800,383 $11,651,333 $27,881,806 $2,149,050
2020 $11,398,280 $10,655,450 $25,254,354 $742,830
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