SOUTH MAGNOLIA EVENT GROUP (EIN 852578020) - 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

2020

Legal Domicile

Principal Officer

JAMES M TUPPER

Phone

8438643615

Tax Period

2022-01-01 to 2022-12-31

SOUTH MAGNOLIA EVENT GROUP, founded in 2020, is a small nonprofit that reported $680K in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $641K, a strong 94% operating margin.

Mission

THE MISSION OF SOUTH MAGNOLIA EVENT GROUP IS TO RAISE MONEY, REBUILD, AND PRESERVE THE SUMMERVILLE HIGH SCHOOL STADIUM AND ITS SURROUNDING AREA TO BENEFIT THE LOCAL COMMUNITY. SOUTH MAGNOLIA EVENT GROUP WILL CONTINUE TO SUPPORT AND GROW THE FACILITY AFTER CONSTRUCTION FOR THE USE AND BENEFIT OF THE TOWN OF SUMMERVILLE, SUMMERVILLE HIGH SCHOOL, DORCHESTER COUNTY SCHOOL DISTRICT TWO, AND DORCHESTER COUNTY AS A WHOLE. IN CARRYING OUT THIS MISSION, THE ORGANIZATION WILL OVERSEE AND COORDINATE CONSTRUCTION CREWS AND COVER THE COSTS OF CONSTRUCTION. THE ORGANIZATION WILL MAINTAIN THE FACILITY AND ITS SURROUNDING AREA THAT IS MAY BENEFIT THE COMMUNITY FOR FUTURE GENERATIONS TO COME.

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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 $679,854

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $679,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $34,575

Other Expenses $38,816

TOTAL EXPENSES $38,816

Year-over-Year Comparison

	2022	2021	Change
Revenue	$679,854	$756,882	-0.1%
Expenses	$38,816	$75,674	-0.5%
Net Income	$641,038	$681,208	-0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD L CROSBY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES M TUPPER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
TERRENCE JENKINS	TREASURY	1.00	Officer Director	$0	$0	$0
ANTHONY SOLES	SECRETARY	1.00	Officer Director	$0	$0	$0
ASHLEY WIMBERLY	DIRECTOR	1.00	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
2022	$679,854	$38,816	$1,739,706	$641,038
2021	$756,882	$75,674	$1,279,568	$681,208
2020	$431,500	$14,040	$417,460	$417,460

SOUTH MAGNOLIA EVENT GROUP