WACCAMAW ECONOMIC OPPORTUNITY INC

EIN: 576027714 501(c)(3) Community Improvement

CONWAY, SC

Total Revenue
$16,677,308
Total Expenses
$15,891,654
Total Assets
$6,314,699
Net Assets
$3,335,169
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
SC
Principal Officer
JAMES L PASLEY JR
Phone
8432344100
Tax Period
2023-01-01 to 2023-12-31

WACCAMAW ECONOMIC OPPORTUNITY INC, founded in 1982, is a mid-sized nonprofit in the Community Improvement sector that reported $16.7M in total revenue in fiscal year 2023. Expenses of $15.9M left a modest 5% surplus.

Mission

THE AGENCY ADMINISTERS PROGRAMS TO PROMOTE HEALTH, EDUCATION, WELFARE, HOUSING AND EMPLOYMENT FOR QUALIFIED INDIVIDUALS IN THEIR COMMUNITY.

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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 $16,636,695
Program Service Revenue $0
Investment Income $0
Other Revenue $40,613
TOTAL REVENUE $16,677,308

Expense Breakdown

Grants Paid $4,566,845
Salaries & Benefits $7,582,344
Fundraising Expenses $0
Program Expenses $14,698,070
Other Expenses $3,742,465
TOTAL EXPENSES $15,891,654

Year-over-Year Comparison

2023 2022 Change
Revenue $16,677,308 $16,781,452 0.0%
Expenses $15,891,654 $16,424,455 0.0%
Net Income $785,654 $356,997 +1.2%
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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Governance

Voting Members
12
Independent Members
12
Employees
177
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
5
$267,688
Total Directors
14
$267,688
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES L PASLEY JR EXECUTIVE DIRECTOR 40.00
Officer Director
$141,217 $12,495 $153,712
JANICE WIDEMAN FINANCE DIRECTOR 40.00
Officer Director
$97,031 $16,945 $113,976
W JEANIE BROWN-BURROWS 2ND VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
THERESA BROOKS SECRETARY 1.00
Officer Director
$0 $0 $0
ALFRED JEAN PIERRE JR CHAIRMAN 1.00
Officer Director
$0 $0 $0
HAROLD PHILLIPS PARLIAMENTARIAN 1.00
Director
$0 $0 $0
BRENDA DOZIER-PERKINS BOARD MEMBER 1.00
Director
$0 $0 $0
ERNESTINE YOUNG BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH KEITH BOARD MEMBER 1.00
Director
$0 $0 $0
TEWANA DENNEY BOARD MEMBER 1.00
Director
$0 $0 $0
WALTER ACKERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM HOWARD BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL ROBERTS BOARD MEMBER 1.00
Director
$0 $0 $0
VANESSA RICHARDSON BOARD MEMBER 1.00
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 $16,677,308 $15,891,654 $6,314,699 $785,654
2022 $16,781,452 $16,424,455 $5,963,151 $356,997
2021 $14,927,020 $14,877,734 $5,099,665 $49,286
2020 $14,126,176 $14,039,426 $5,439,118 $86,750
2019 $12,874,871 $12,619,255 $4,429,154 $255,616
2018 $11,721,820 $11,878,998 $4,313,594 $-157,178
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