SOUTH CAROLINA INDEPENDENT SCHOOL ASSOCIATION INCORPORATED (EIN 576027003) - 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

1965

Legal Domicile

Principal Officer

ROBERT T BRACISZEWSKI

Phone

8035354820

Tax Period

2023-06-01 to 2024-05-31

SOUTH CAROLINA INDEPENDENT SCHOOL ASSOCIATION INCORPORATED, founded in 1965, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 10% surplus.

Mission

ESTABLISHMENT AND EVALUATION OF QUALITY CONTROL STANDARDS AND OTHER REQUIREMENTS FOR MEMBER SCHOOLS. PROVIDE TRAINING AND WORKSHOPS TO ASSIST MEMBER SCHOOLS IN MEETING AND MAINTAINING ACCREDITATION REQUIREMENTS.

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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 $1,067,001

Investment Income $12,188

Other Revenue $123,765

TOTAL REVENUE $1,202,954

Expense Breakdown

Grants Paid $0

Salaries & Benefits $590,372

Fundraising Expenses $0

Program Expenses $1,049,084

Other Expenses $487,266

TOTAL EXPENSES $1,077,638

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,202,954	$1,061,028	+0.1%
Expenses	$1,077,638	$990,174	+0.1%
Net Income	$125,316	$70,854	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATE CANNON	SECRETARY	1.00	Officer	$0	$0	$0
DR TONYA HOUSTON	PRESIDENT	1.00	Officer	$0	$0	$0
JOSEPH KFAIREYIII	TREASURER	1.00	Officer	$0	$0	$0
KEN KELLAHAN	DIR-AT-LARGE	1.00	Officer	$0	$0	$0
FRED MOULTON	DIRECTOR AT	1.00	Officer	$0	$0	$0
ROBBIE NALLEY	DIR-AT-LARGE	1.00	Officer	$0	$0	$0
DR TERRANCE VANDIVER	DIR-AT-LARGE	1.00	Officer	$0	$0	$0
LES WALDEN	VICE CHAIR	1.00	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
2025	No data	No data	No data	No data
2024	$1,202,954	$1,077,638	$1,278,166	$125,316
2023	$1,061,028	$990,174	$1,127,373	$70,854
2022	$916,991	$845,877	$1,021,872	$71,114
2021	$851,090	$721,247	$948,443	$129,843
2020	$796,747	$734,861	$883,164	$61,886

SOUTH CAROLINA INDEPENDENT SCHOOL ASSOCIATION INCORPORATED