CIRCLES LEXINGTON COUNTY INC

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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

2020

Legal Domicile

Principal Officer

MICHELLE SMITH

Phone

8034900181

Tax Period

2022-01-01 to 2022-12-31

CIRCLES LEXINGTON COUNTY INC, founded in 2020, is a small nonprofit that reported $273K in total revenue in fiscal year 2022. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 49% operating margin.

Mission

THE MISSION OF CIRCLES LEXINGTON COUNTY (CLC) IS TO ORGANIZE AND MOBILIZE AVAILABLE RESOURCES IN ORDER TO REDUCE AND EVENTUALLY ERADICATE POVERTY IN THE LEXINGTON, SOUTH CAROLINA AREA THROUGH MENTORING, EDUCATION, THE ELIMINATION OF BARRIERS TO SELF-SUFFICIENCY, AND INCREASING COMMUNITY AWARENESS AND PARTICIPATION.

Program Service Accomplishments

Program 1

Expenses: $129,430 Revenue: $1,000

CIRCLES LEXINGTON COUNTY WAS CREATED AS A LOCAL CHAPTER OF THE NATIONAL CIRCLES CAMPAIGN. CIRCLES IS AN INNOVATIVE, COMMUNITY-DRIVEN WAY TO SOLVE POVERTY. THE CIRCLES APPROACH COMBINES BEST PRACTICES IN SEVERAL DISCIPLINES INCLUDING COMMUNITY ORGANIZING, CASE MANAGEMENT, GRASSROOTS LEADERSHIP, GOAL SETTING, FINANCIAL LITERACY, MENTORING, PEER-TO-PEER COUNSELING AND LEARNING, AND CHILD/YOUTH DEVELOPMENT. CIRCLES LEXINGTON COUNTY SERVED A TOTAL OF 18 FAMILIES, 24 CHILDREN AND 18 ADULTS FOR THE YEAR ENDED 2021.

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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 (2022)

Revenue Breakdown

Contributions & Grants $272,065

Program Service Revenue $1,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $273,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,716

Fundraising Expenses $0

Program Expenses $129,430

Other Expenses $36,073

TOTAL EXPENSES $139,789

Year-over-Year Comparison

	2022	2021	Change
Revenue	$273,065	$131,195	+1.1%
Expenses	$139,789	$97,618	+0.4%
Net Income	$133,276	$33,577	+3.0%

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

$82,877

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE WATERS	MEMBER	0.25	Director	$0	$0	$0
KENT PORTH	MEMBER	0.25	Director	$0	$0	$0
LORRIELLEN CAMPBELL	MEMBER	0.25	Director	$0	$0	$0
MARETT BISHOP	MEMBER	0.25	Director	$0	$0	$0
MICHELE SMITH	PRESIDENT	0.25	Officer Director	$0	$0	$0
TOM FITTS	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
KRISTINA KILLMAN	SECRETARY	0.25	Officer Director	$0	$0	$0
ELIZABETH PHILLIPS	TREASURER	0.25	Officer Director	$0	$0	$0
JANIS ALBERGOTTI	EXECUTIVE DIRECTOR	20.00	Officer	$0	$11,855	$82,877

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
2022	$273,065	$139,789	$407,937	$133,276
2021	$131,195	$97,618	$182,599	$33,577
2020	$242,328	$93,306	$149,342	$149,022