SOUTH CAROLINA ECONOMIC DEVELOPERS… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

KATIE KOON

Phone

8039290305

Tax Period

2024-07-01 to 2025-06-30

SOUTH CAROLINA ECONOMIC DEVELOPERS' ASSOCIATION, founded in 1968, is a small nonprofit that reported $885K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $178K, a strong 20% operating margin.

Mission

TO ENHANCE PROFESSIONAL DEVELOPMENT OF ITS MEMBERSHIP AND TO ADVOCATE ECONOMIC DEVELOPMENT TO BENEFIT THE CITIZENS OF SOUTH CAROLINA.

Program Service Accomplishments

Program 1

PROVIDING EDUCATION AND NETWORKING OPPORTUNITIES TO PROMOTE ECONOMIC DEVELOPMENT IN SOUTH CAROLINA. APPROXIMATELY 600 MEMBERS WERE SERVED IN FISCAL YEAR ENDING 2025.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $870,171

Investment Income $15,070

Other Revenue $0

TOTAL REVENUE $885,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $707,025

TOTAL EXPENSES $707,025

Year-over-Year Comparison

	2024	2023	Change
Revenue	$885,241	$795,772	+0.1%
Expenses	$707,025	$681,038	+0.0%
Net Income	$178,216	$114,734	+0.6%

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

N/A

Volunteers

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
MR JAMIE FROST	DIRECTOR	0.50	Director	$0	$0	$0
MS SANDY STEELE	PAST PRESIDENT	0.50	Director	$0	$0	$0
MR RICK FARMER	PRESIDENT	0.50	Officer Director	$0	$0	$0
MS TAVIA CM GADDY	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
MR JOHN TRULUCK	TREASURER	0.50	Officer Director	$0	$0	$0
DR TIM HARDEE	EX-OFFICIO	0.50	Director	$0	$0	$0
MR DUANE PARRISH	EX-OFFICIO	0.50	Director	$0	$0	$0
MR SAM MOSES	DIRECTOR	0.50	Director	$0	$0	$0
MS ERIN COLE	DIRECTOR	0.50	Director	$0	$0	$0
MR MELVIN C WILLIAMS	SECRETARY	0.50	Officer Director	$0	$0	$0
MR HUGH WEATHERS	EX-OFFICIO	0.50	Director	$0	$0	$0
MR HARRY M LIGHTSEY III	EX-OFFICIO	0.50	Director	$0	$0	$0
MS BARBARA MELVIN	EX-OFFICIO	0.50	Director	$0	$0	$0
MS SARA HAZZARD	DIRECTOR	0.50	Director	$0	$0	$0
MS KRIS PHILLIPS	DIRECTOR	0.50	Director	$0	$0	$0
MR BRANTLEY STRICKLAND	DIRECTOR	0.50	Director	$0	$0	$0
MR MERLE JOHNSON	DIRECTOR	0.50	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
2025	$885,241	$707,025	$695,687	$178,216
2024	No data	No data	No data	No data
2023	$740,457	$721,393	$343,014	$19,064
2022	$641,394	$744,496	$320,889	$-103,102
2021	$201,494	$245,936	$577,690	$-44,442
2020	$374,253	$339,937	$552,292	$34,316
2019	$538,113	$504,277	$426,896	$33,836
2018	$516,994	$495,233	$403,510	$21,761

SOUTH CAROLINA ECONOMIC DEVELOPERS' ASSOCIATION