SOUTH CAROLINA COMMERCIAL AUTOMOBI… - 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

1986

Legal Domicile

Phone

4019462310

Tax Period

2024-09-01 to 2025-08-31

SOUTH CAROLINA COMMERCIAL AUTOMOBILE INSURANCE PLAN, founded in 1986, is a small nonprofit that reported $113K in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. Net assets of $356K represent 38 months of operating reserves.

Mission

Placement of automobile insurance for those who hold commercial vehicles and are unable to get coverage in the voluntary market.

Program Service Accomplishments

Program 1

Placement of automobile insurance for those who hold commercial vehicles and are unable to get coverage in the voluntary market.

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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 $108,952

Investment Income $4,328

Other Revenue $102

TOTAL REVENUE $113,382

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,783

Fundraising Expenses $0

Other Expenses $79,195

TOTAL EXPENSES $110,978

Year-over-Year Comparison

	2024	2023	Change
Revenue	$113,382	$69,545	+0.6%
Expenses	$110,978	$111,668	0.0%
Net Income	$2,404	$-42,123	-1.1%

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
N/A	Gov Comm Member	0.10	Director	$0	$0	$0
N/A	Gov Comm Member	0.10	Director	$0	$0	$0
N/A	Gov Comm Member	0.10	Director	$0	$0	$0
Tom EllisPIA of SC	Gov Comm Member	0.10	Director	$0	$0	$0
Tommy BoggsHub Int'l	Gov Comm Member	0.10	Director	$0	$0	$0
N/A	Gov Comm Member	0.10	Director	$0	$0	$0
N/A	Gov Comm Member	0.10	Director	$0	$0	$0
N/A	Gov Comm Member	0.10	Director	$0	$0	$0
N/A	Gov Comm Member	0.10	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	$113,382	$110,978	$512,669	$2,404
2024	$69,545	$111,668	$132,367	$-42,123
2023	$47,256	$54,153	$126,666	$-6,897
2022	$46,722	$31,536	$217,266	$15,186
2021	$45,371	$39,349	$257,424	$6,022
2020	$496,011	$287,891	$221,041	$208,120
2019	$560,535	$276,694	$740,293	$283,841
2018	$478,705	$1,183,030	$828,567	$-704,325

SOUTH CAROLINA COMMERCIAL AUTOMOBILE INSURANCE PLAN