SOUTH CAROLINA ECONOMIC DEVELOPERS' ASSOCIATION

EIN: 576033601

CHARLESTON, SC

Total Revenue
$885,241
Total Expenses
$707,025
Total Assets
$695,687
Net Assets
$622,682
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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
SC
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.

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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 (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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
50

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
4
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
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
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