SOVSC

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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

SEAN THORNTON

Phone

8437906439

Tax Period

2020-01-01 to 2020-12-31

SOVSC, founded in 2017, is a small nonprofit that reported $548K in total revenue in fiscal year 2020. Expenses of $515K left a modest 6% surplus.

Mission

The sole purpose and business of SOVSC is to acquire, own, finance and operate the buildings and property located at 108 and 110 Trader's Cross, Okatie, South Carolina, and leasing the property in its entirety on a nonprofit basis to the Office of the Solicitor for the 14th Judicial Circuit, with the exception of tenants inherited from the previous owner.

Program Service Accomplishments

Program 1

Expenses: $515,217 Revenue: $548,463

Rental of real property.

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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 $0

Investment Income $370

Other Revenue $548,093

TOTAL REVENUE $548,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $515,217

Other Expenses $515,217

TOTAL EXPENSES $515,217

Year-over-Year Comparison

	2020	2019	Change
Revenue	$548,463	$547,521	+0.0%
Expenses	$515,217	$551,657	-0.1%
Net Income	$33,246	$-4,136	-9.0%

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

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

$185,692

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sean Thornton	Board President	1	Officer	$0	$0	$115,000
Jeff Kidd	Board Member	1	Officer	$0	$0	$70,692
Jon Carpenter	Treasurer/Secretary	1	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
2020	$548,463	$515,217	$4,346,521	$33,246
2019	$547,521	$551,657	$4,480,344	$-4,136