Municipal Association of South Carolina (EIN 576000743) - 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

1939

Legal Domicile

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.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$600,572

Total Directors

Key Employees

Highest Compensated

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

Municipal Association of South Carolina