USC ALUMNI CENTER CORPORATION (EIN 800911426) - 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

2013

Legal Domicile

Principal Officer

WES HICKMAN

Phone

8037774111

Tax Period

2020-07-01 to 2021-01-20

USC ALUMNI CENTER CORPORATION, founded in 2013, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2020. Revenue surged 97% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 88% operating margin.

Mission

PART I, LINE I SUMMARY OF MISSION PURPOSES: THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, MAKING OF DISTRIBUTIONS TO ORGANIZATIONS WHICH QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING SECTION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW OBJECTIVES. TO ACCOMPLISH THE AFOREMENTIONED PURPOSES, THE CORPORATION WILL HAVE THE FOLLOWING OBJECTIVES: TO PROMOTE THE GENERAL EDUCATIONAL INTERESTS OF THE STATE OF SOUTH CAROLINA ("THE STATE") IN THE CONFIDENT BELIEF THAT THE DEVELOPMENT OF EDUCATION CITIZENSHIP IS ONE OF THE HIGH AIMS AND NOBLE MISSIONS OF THE STATE. TO PROMOTE THE DEVELOPMENT OF THE UNIVERSITY OF SOUTH CAROLINA ALUMNI ASSOCIATION, A SOUTH CAROLINA NONPROFIT CORPORATION, AND THE UNIVERSITY OF SOUTH CAROLINA ("THE UNIVERSITY"). TO MEET THE NEEDS OF THE STATE FOR AN INSTITUTION OF HIGHER EDUCATION, AND TO ENCOURAGE THE MAINTENANCE OF ITS SCHOLARSHIP AND HIGH TRADITION. TO ENSURE THAT THE ALUMNI BODY AND STAKEHOLDERS OF THE UNIVERSITY ARE INFORMED, ACTIVELY ENGAGED AND COMMITTED TO THE UNIVERSITY TO PROMOTE GOOD FELLOWSHIP AND TO FOSTER UNDERSTANDING AND GOOD FEELINGS AMONG THE ALUMNI AND THE STUDENT BODY OF THE UNIVERSITY. TO COORDINATE THE INVESTMENT AND ASSETS IN ORDER TO IMPLEMENT THE REDEVELOPMENT PROJECT PLAN FOR THE LOW-INCOME CENSUS AREA IN COLUMBIA, SOUTH CAROLINA BOUNDED BY GERVAIS, GREENE, ASSEMBLY AND GADSDEN STREETS, AND REFERRED TO HEREIN AS THE ALUMNI CENTER AREA ("THE ALUMNI CENTER AREA"). TO COORDINATE THE COMBINED INVESTMENTS OF THE CORPORATION WITH OTHER AGENCIES, POLITICAL SUBDIVISIONS, AND MUNICIPALITIES OF THE STATE IN ORDER TO I) MAGNIFY OPPORTUNITIES IN CONNECTION WITH THE RE-DEVELOPMENT OF THE ALUMNI CENTER AREA, II) ACCELERATE ECONOMIC AND COMMUNITY DEVELOPMENT IN THE AREAS SURROUNDING THE CAMPUSES AND FACILITIES OF THE UNIVERSITY, III) CREATE AND ATTRACT JOBS AND EMPLOYMENT OPPORTUNITIES IN SOUTH CAROLINA, IV) LESSEN THE BURDENS OF GOVERNMENT OF THE STATE, V) COMBAT COMMUNITY DETERIORATION IN AND AROUND THE UNIVERSITY CAMPUS, INCLUDING THE ALUMNI CENTER AREA, AND OTHER EDUCATIONAL, ADMINISTRATIVE, AND OPERATIONAL FACILITIES, SPACE, AND SURROUNDING AREAS OF THE UNIVERSITY. TO PROMOTE, SUPPORT AND AID ANY AND ALL OTHER ACTIVITIES AND PROGRAMS WHICH WILL FURTHER THE MISSION OF THE UNIVERSITY OF SOUTH CAROLINA ALUMNI ASSOCIATION AND THE UNIVERSITY, THE GENERAL EDUCATIONAL INTERESTS OF THE STATE, AND THE CHARITABLE PURPOSES OF THE CORPORATION.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $449,774

Investment Income $1,457

Other Revenue $3,450,000

TOTAL REVENUE $3,901,231

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $435,896

Other Expenses $470,396

TOTAL EXPENSES $470,396

Year-over-Year Comparison

	2020	2019	Change
Revenue	$3,901,231	$1,982,173	+1.0%
Expenses	$470,396	$4,721,445	-0.9%
Net Income	$3,430,835	$-2,739,272	-2.3%

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

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

$379,744

Total Directors

$379,744

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WES HICKMAN	CHIEF EXECUTIVE OFFICER	10.00	Officer Director	$0	$38,239	$244,929
ELIZABETH MUTH	CHIEF OPERATING OFFICER	5.00	Officer Director	$0	$38,219	$134,815
KIMBERLY ELLIOT	CHIEF EXECUTIVE OFFICER	1.00	Officer 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
2021	$3,901,231	$470,396	No data	$3,430,835
2020	$1,982,173	$4,721,445	$23,255,181	$-2,739,272
2019	$2,426,776	$2,322,164	$25,993,996	$104,612
2018	$2,318,469	$2,279,192	$25,845,792	$39,277

USC ALUMNI CENTER CORPORATION