Congaree Foundation

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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

2016

Legal Domicile

Principal Officer

Eric F Williamson

Phone

7135803200

Tax Period

2024-01-01 to 2024-12-31

Congaree Foundation, founded in 2016, is a community nonprofit in the Youth Development sector that reported $3.5M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.0M, a strong 57% operating margin.

Mission

To positively impact the lives of young people locally and around the globe through the game of golf.

Program Service Accomplishments

Program 1

Expenses: $970,153 Revenue: $234,355

The Congaree Foundation's purpose is to positively impact the lives of young people, locally and around the globe, by providing educational and vocational opportunities through the game of golf.The Congaree Foundation hosts the Congaree Global Golf Initiative (CGGI) to help academically committed and talented young golfers with limited resources expand their options and access to post-secondary education and athletic scholarships. The Foundation partners with community nonprofits and local golf organizations to offer golf instruction, workforce training opportunities and support programs to young people and families in the South Carolina Lowcountry.

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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 $2,612,397

Program Service Revenue $234,355

Investment Income $437,327

Other Revenue $239,057

TOTAL REVENUE $3,523,136

Expense Breakdown

Grants Paid $24,495

Salaries & Benefits $261,291

Fundraising Expenses $141,552

Program Expenses $970,153

Other Expenses $1,229,351

TOTAL EXPENSES $1,515,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,523,136	$3,013,205	+0.2%
Expenses	$1,515,137	$1,201,108	+0.3%
Net Income	$2,007,999	$1,812,097	+0.1%

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

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

$638,595

Total Directors

$300,002

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marcus A Watts	President & Director	0.50	Officer Director	$0	$0	$150,001
Scott Schwinger	Vice President & Director	0.50	Officer Director	$0	$0	$0
Eric F Williamson	Director	0.50	Director	$0	$0	$150,001
Ben Grandy	Executive Director	40.00	Officer	$0	$7,517	$188,592
Paige Larrabee	Secretary	1.00	Officer	$0	$0	$150,001
Brianne Lee	Treasurer	0.50	Officer	$0	$0	$150,001

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	$3,523,136	$1,515,137	$18,680,152	$2,007,999
2023	$3,013,205	$1,201,108	$15,278,712	$1,812,097
2022	$3,385,771	$1,260,779	$13,383,355	$2,124,992
2021	$3,752,115	$1,139,791	$11,096,906	$2,612,324
2020	$1,492,107	$492,540	$8,246,851	$999,567
2019	$2,417,641	$728,160	$7,287,903	$1,689,481
2018	$1,996,253	$366,006	$5,504,111	$1,630,247