BC Corp (EIN 823193937) - 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

2017

Legal Domicile

Principal Officer

Lelia King

Phone

8647350118

Tax Period

2024-01-01 to 2024-12-31

BC Corp, founded in 2017, is a small nonprofit in the Education sector that reported $741K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $897K exceeded revenue, resulting in a 21% operating deficit.

Mission

Our mission is to advance South Carolina?s tech community through demand-driven training, connection, and support.

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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 $484,279

Program Service Revenue $256,245

Investment Income $14

Other Revenue $0

TOTAL REVENUE $740,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $752,470

Fundraising Expenses $0

Program Expenses $676,065

Other Expenses $144,371

TOTAL EXPENSES $896,841

Year-over-Year Comparison

	2024	2023	Change
Revenue	$740,538	$889,177	-0.2%
Expenses	$896,841	$867,281	+0.0%
Net Income	$-156,303	$21,896	-8.1%

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

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

$92,657

Total Directors

$92,657

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lelia King	Executive Dir.	40.00	Officer Director	$92,657	$0	$92,657
Patti Leahy	Director	0.00	Director	$0	$0	$0
Eric Warren	Director	0.00	Director	$0	$0	$0
Melinda Davis-Lux	Trustee	0.00	Officer	$0	$0	$0
Matt Vaadi	Chairman	0.00	Officer	$0	$0	$0
Tom Wilson	Trustee	0.00	Officer	$0	$0	$0
Tara Daly	Treasurer	0.00	Officer	$0	$0	$0
Todd Lewis	Trustee	0.00	Officer	$0	$0	$0
Chad Prashad	Trustee	0.00	Officer	$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
2024	$740,538	$896,841	$86,568	$-156,303
2023	$889,177	$867,281	$244,484	$21,896
2022	$743,708	$796,714	$212,704	$-53,006
2021	$690,128	$671,579	$261,273	$18,549
2020	$612,855	$501,337	$214,026	$111,518
2019	$509,557	$467,256	$61,808	$42,301

BC Corp