ONE GRAND STRAND INC

EIN: 833256831

MYRTLE BEACH, SC

Total Revenue
$212,000
Total Expenses
$305,494
Total Assets
$40,455
Net Assets
$40,455
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
SC
Principal Officer
CLAY D BRITTAIN III
Phone
7032449230
Tax Period
2021-01-01 to 2021-12-31

ONE GRAND STRAND INC, founded in 2018, is a small nonprofit that reported $212K in total revenue in fiscal year 2021. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $305K exceeded revenue, resulting in a 44% operating deficit.

Mission

PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE COMMUNITY OF MYRTLE BEACH, SC AND THE SURROUNDING AREA BY ENHANCING THE ECONOMIC VITALITY OF MYRTLE BEACH'S DOWNTOWN AREA AND THE ENTIRE GRAND STRAND REGION AND BY CREATING A MORE DIVERSE ECONOMY FOR HORRY COUNTY.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $212,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $212,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $60,000
Fundraising Expenses $0
Program Expenses $283,888
Other Expenses $245,494
TOTAL EXPENSES $305,494

Year-over-Year Comparison

2021 2020 Change
Revenue $212,000 $178,000 +0.2%
Expenses $305,494 $304,463 +0.0%
Net Income $-93,494 $-126,463 -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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLAY D BRITTAIN III CHAIR 10.00
Officer Director
$0 $0 $0
DENNIS WADE TREASURER 1.00
Officer Director
$0 $0 $0
KENDALL SEAGROVES SECRETARY 1.00
Officer Director
$0 $0 $0
JAMES W APPLE JR DIRECTOR 1.00
Director
$0 $0 $0
LAWTON BENTON DIRECTOR 1.00
Director
$0 $0 $0
REV JOHN BREARLEY DIRECTOR 1.00
Director
$0 $0 $0
DR DAVID A DECENZO DIRECTOR 1.00
Director
$0 $0 $0
DR MARILYN FORE DIRECTOR 1.00
Director
$0 $0 $0
TERRANCE HERRIOTT DIRECTOR 1.00
Director
$0 $0 $0
DR PAMELA MARTIN DIRECTOR 1.00
Director
$0 $0 $0
MEAGAN MICHAL DIRECTOR 1.00
Director
$0 $0 $0
DR TRACY NELSON DIRECTOR 1.00
Director
$0 $0 $0
KAREN RIORDAN DIRECTOR 1.00
Director
$0 $0 $0
MARY JO ROGERS DIRECTOR 1.00
Director
$0 $0 $0
STEVE C TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL CLAYTON CHIEF EXECUTIVE OFFICER THRU JUNE 40.00
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
2021 $212,000 $305,494 $40,455 $-93,494
2020 $178,000 $304,463 $133,949 $-126,463
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