South Carolina Educational Credit for Exceptional Needs Children Fund (EIN 813017474) - 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

2016

Legal Domicile

Principal Officer

Edward Earwood

Phone

8778295500

Tax Period

2024-07-01 to 2025-06-30

South Carolina Educational Credit for Exceptional Needs Children Fund, founded in 2016, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $3.5M left a modest 12% surplus.

Mission

Carry out the terms and provisions of 2016 S.C. Act to provide scholarships to exceptional needs children attending eligible schools and to do all things necessary or convenient, and not inconsistent with law, to further these goals.

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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 $3,871,818

Program Service Revenue $0

Investment Income $68,891

Other Revenue $0

TOTAL REVENUE $3,940,709

Expense Breakdown

Grants Paid $3,287,920

Salaries & Benefits $47,545

Fundraising Expenses $77,226

Program Expenses $3,301,586

Other Expenses $136,458

TOTAL EXPENSES $3,471,923

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,940,709	$6,501,347	-0.4%
Expenses	$3,471,923	$6,129,795	-0.4%
Net Income	$468,786	$371,552	+0.3%

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

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
Edward Earwood	Board Chair	1.00	Officer Director	$0	$0	$0
Robbie Braciszewski	Director	1.00	Director	$0	$0	$0
Betsy Fanning	Director	1.00	Director	$0	$0	$0
Randy Page	Director	1.00	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	$3,940,709	$3,471,923	$2,096,047	$468,786
2024	$6,501,347	$6,129,795	$1,625,500	$371,552
2023	$3,462,577	$3,413,851	$1,235,694	$48,726
2022	$5,546,279	$5,184,348	$1,181,238	$361,931
2021	$4,122,466	$3,398,775	$884,056	$723,691
2020	$2,770,000	$5,530,154	$152,176	$-2,760,154
2019	$11,563,378	$12,166,101	$2,850,552	$-602,723
2018	$14,107,874	$10,968,260	$3,441,144	$3,139,614

South Carolina Educational Credit for Exceptional Needs Children Fund