BEAUFORT DIGITAL CORRIDOR (EIN 814210441) - 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

MELISSA VENABLE

Phone

8434703506

Tax Period

2023-07-01 to 2024-06-30

BEAUFORT DIGITAL CORRIDOR, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $193K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $279K exceeded revenue, resulting in a 44% operating deficit.

Mission

THE BDC IS A BUSINESS DEVELOPMENT EFFORT BY THE CITY OF BEAUFORT TO ATTRACT, NURTURE, AND PROMOTE TECH AND TECH-RELATED COMPANIES. THE CORRIDOR TEAM, COMPRISED OF RELEVANT PARTICIPANTS IN THE PRIVATE AND PUBLIC SECTOR, IS POSITIONED TO SERVE THE BUSINESS COMMUNITY AS A PORTAL TO GOVERNMENT, INFRASTRUCTURE, REAL ESTATE, PROFESSIONAL RESOURCES, CAPITAL AND EDUCATION. THE TEAM'S OVERRIDING GOAL IS TO OFFER TANGIBLE RESOURCES TO TECH AND TECH-RELATED COMPANIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $125,708

Program Service Revenue $46,941

Investment Income $56

Other Revenue $20,765

TOTAL REVENUE $193,470

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,651

Fundraising Expenses $40,777

Program Expenses $183,101

Other Expenses $146,485

TOTAL EXPENSES $279,136

Year-over-Year Comparison

	2023	2022	Change
Revenue	$193,470	$367,097	-0.5%
Expenses	$279,136	$333,293	-0.2%
Net Income	$-85,666	$33,804	-3.5%

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

$78,373

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA VENABLE	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRIS ROBINSON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOE FLOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
JEANNINE MCCONNELL	SECRETARY	1.00	Director	$0	$0	$0
RICH CONTE	TREASURER	1.00	Officer Director	$0	$0	$0
JASON LOIA	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA O'BRIEN	EXEC DIRECTOR	40.00	Officer	$78,373	$0	$78,373

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	No data	No data	No data	No data
2024	$193,470	$279,136	$50,599	$-85,666
2023	$367,097	$333,293	$135,933	$33,804
2022	$298,893	$300,085	$91,533	$-1,192
2021	$167,035	$151,594	$93,833	$15,441
2020	$379,875	$169,902	$78,051	$209,973
2019	$100,781	$144,754	$55,398	$-43,973
2018	$112,693	$158,612	$98,416	$-45,919
2017	$60,050	$117,065	$44,059	$-57,015

BEAUFORT DIGITAL CORRIDOR