SOUTH CAROLINA FOR ONLINE EDUCATION INC (EIN 843614317) - 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

2019

Legal Domicile

Principal Officer

ADAM HALL

Tax Period

2024-07-01 to 2025-06-30

SOUTH CAROLINA FOR ONLINE EDUCATION INC, founded in 2019, is a community nonprofit in the Education sector that reported $8.0M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

LOWCOUNTRY CONNECTIONS ACADEMY IS A PUBLIC VIRTUAL CHARTER SCHOOL THAT SERVES STUDENTS K-12. ALL STUDENTS WHO RESIDE IN SOUTH CAROLINA ARE ELIGIBILE TO ATTEND IF THEY MEET APPLICABLE ENROLLMENT REQUIREMENTS.

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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 $0

Program Service Revenue $8,033,234

Investment Income $0

Other Revenue $0

TOTAL REVENUE $8,033,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,477,260

Fundraising Expenses $0

Program Expenses $7,022,023

Other Expenses $5,327,551

TOTAL EXPENSES $7,804,811

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,033,234	$7,009,104	+0.1%
Expenses	$7,804,811	$6,526,196	+0.2%
Net Income	$228,423	$482,908	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY BLAZER	MEMBER	5.00	Director	$0	$0	$0
DYRELL CLARK	MEMBER	5.00	Director	$0	$0	$0
EDWARD CORBITT	MEMBER	5.00	Director	$0	$0	$0
ADAM HALL	PRESIDENT	10.00	Officer Director	$0	$0	$0
GETRIZ MARTIN	TREASURER	5.00	Officer Director	$0	$0	$0
GARY PRINCE	MEMBER	5.00	Director	$0	$0	$0
STACEY REAVES	MEMBER	5.00	Director	$0	$0	$0
LEE THORTON	MEMBER	5.00	Director	$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
2025	$8,033,234	$7,804,811	$2,910,979	$228,423
2024	No data	No data	No data	No data
2023	$5,216,823	$5,216,701	$2,880,734	$122
2022	$2,658,787	$2,647,662	$1,506,296	$11,125

SOUTH CAROLINA FOR ONLINE EDUCATION INC