Charleston, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Lowcountry Local First, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.
Lowcountry Local First advances economic prosperity and local ownership through innovative and inclusive initiatives that build our communitys wealth and wellbeing.
Lowcountry Local First's work leverages our understanding of our more than 450 local business and more than 12,000 employees across all sectors, and is informed by staff with expertise and...
Lowcountry Local First's work leverages our understanding of our more than 450 local business and more than 12,000 employees across all sectors, and is informed by staff with expertise and on-the-ground experience in local economy-building, innovative economic development, entrepreneur support, sustainable agriculture, and food systems. Our mission is to advance economic prosperity and local ownership through innovative and inclusive initiatives that build our community's wealth and wellbeing. Our Initiatives create the building blocks of a strong local economy and include: (Continued on Schedule O)Awareness Throughout the year, Lowcountry Local First works to build awareness and support for local businesses. In order to shift citizen and institutional spending to local businesses, Lowcountry Local First conceives of and implements highly-visible awareness campaigns, including Eat Local Season and Buy Local Season. Campaign participants pledge to shift their personal and business spending to locally-owned retailers, financial institutions, service providers, farmers, artists, etc. Affinity Serving our member businesses remains our core work. To ensure that local business owners have the resources and support they need to thrive, we host monthly learning and networking Local Socials. Local Works, an affordable community coworking space, provides businesses a place to share information and resources, host meetings, and come together in a collaborative setting. Additional initiatives including our Local Expertise Exchange and our Commercial Space Advisory Committee foster an environment in which local business owners can connect to and assist each other. Advocacy As an organization, we support policies and economic development initiatives that level the playing field for local businesses. Our priorities include, but are not limited to: - Eliminating red tape for starting or operating a local business. - Supporting the creation of independent business districts through regulation of "formula businesses," property tax abatements, and other innovative methods. - Educating the public and local businesses on anti-monopoly regulation of Amazon to encourage competition, entrepreneurial opportunity, and fair practices toward small businesses. - Championing policies to address the root causes of workforce challenges, including affordable housing, a multi-modal transportation system, affordable/accessible childcare, skills training, etc. Innovation Through our annual Good Business Summit, we bring thought leaders nationally and locally together to share big ideas as well as challenges and promote the idea of businesses as a force for good. Inclusivity Since 2019 Lowcountry Local First has operated Good Enterprises, a program which is equipping emerging entrepreneurs with the tools they need to run successful businesses. We bring resources to traditionally underserved populations as a step forward on the journey towards a more equitable economy. The curriculum for this program was selected because of its proven impact on the lives of individuals and communities with the potential to transform the economic landscape of the Lowcountry. The program, which includes a 12-week Community Business Academy, Business Accelerator Services, and Credit to Capital, is offered in both English and Spanish, and serves more than 100 people per year.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,281,604 | $1,155,641 | +0.1% |
| Expenses | $1,247,665 | $1,212,777 | +0.0% |
| Net Income | $33,939 | $-57,136 | -1.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| David Bennet | Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jennifer Ferrebee | Vice Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kerri Chisolm | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kate Schmieding | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jeremiah Bacon | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Chris Brown | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Edward Kronsberg | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Margie Longshore | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Sharon L McGhee | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Andy McCarthy | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Charles McClendon | Board Member | 1.00 |
Director
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$0 | $0 | $0 |
| Jonathan Sanchez | Board Member | 1.00 |
Director
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$0 | $0 | $0 |
| Ryan Stewart | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Mimi Striplin | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Jacqueline Berger | Executive Director | 40.00 |
Officer
|
$120,000 | $4,411 | $124,411 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,281,604 | $1,247,665 | $1,365,661 | $33,939 |
| 2023 | $1,155,641 | $1,212,777 | $1,530,251 | $-57,136 |
| 2022 | $1,255,880 | $1,211,975 | $1,739,977 | $43,905 |
| 2021 | $916,087 | $1,039,631 | $993,437 | $-123,544 |
| 2020 | $1,461,073 | $988,404 | $1,094,548 | $472,669 |
| 2019 | $919,992 | $819,310 | $322,603 | $100,682 |
| 2018 | $684,376 | $722,021 | $235,308 | $-37,645 |
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