CLAFLIN QALICB INC

EIN: 873730184 501(c)(3) Education

ORANGEBURG, SC

Total Revenue
$11,780,840
Total Expenses
$25,000
Total Assets
$40,170,536
Net Assets
$11,783,174
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
SC
Principal Officer
ASHLEY SCHOFIELD
Phone
8035355264
Tax Period
2023-01-01 to 2023-12-31

CLAFLIN QALICB INC, founded in 2021, is a mid-sized nonprofit in the Education sector that reported $11.8M in total revenue in fiscal year 2023. Revenue surged 5790% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.8M, a strong 100% operating margin.

Mission

THE CORPORATION IS OPERATED EXCLUSIVELY ON BEHALF OF AND FOR THE BENEFIT OF CLAFLIN UNIVERSITY, A SOUTH CAROLINA NONPROFIT CORPORATION, AND ITS MISSION IS TO EDUCATE STUDENTS WITHOUT REGARD TO GENDER, RACE, RELIGION OR ETHNIC ORIGIN. THE CORPORATION SHALL SOLICIT, ACCEPT, RECEIVE, MANAGE AND DISBURSE CONTRIBUTIONS OF PROPERTY, INCLUDING REAL PROPERTY, AND INCOME THEREFROM, AND TO APPLY FOR, ACCEPT AND EXPEND GRANTS IN ACCORDANCE WITH THEIR REQUIREMENTS. HEALTH AND WELLNESS CENTER, WHICH IS CONNECTED TO THE CLAFLIN UNIVERSITY CAMPUS, PROMOTES AND CREATES OPPORTUNITIES FOR THE CLAFLIN UNIVERSITY COMMUNITY TO ACTIVELY ENGAGE IN FUN, RECREATIONAL AND FITNESS ACTIVITIES, CHALLENGING OUR CAMPUS TO CONNECT EDUCATION AND LIFELONG WELLNESS.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

OUR DEDICATED STAFF WILL PROVIDE EXCEPTIONAL FACILITIES, PROGRAMS AND SERVICE TO POSITIVELY ENGAGE CU STUDENTS, FACULTY, STAFF AND THE ORANGEBURG COMMUNITY. WE WILL CULTIVATE OUTSTANDING AND...

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OUR DEDICATED STAFF WILL PROVIDE EXCEPTIONAL FACILITIES, PROGRAMS AND SERVICE TO POSITIVELY ENGAGE CU STUDENTS, FACULTY, STAFF AND THE ORANGEBURG COMMUNITY. WE WILL CULTIVATE OUTSTANDING AND MEMORABLE EXPERIENCES BY OFFERING DYNAMIC AND DIVERSE OPPORTUNITIES WHICH ENRICH THE CAMPUS AND PROMOTE HEALTHY LIFESTYLES. THROUGH STRONG RELATIONSHIPS WITH OUR ACADEMIC AND CO-CURRICULAR PARTNERS, WE WILL FOSTER LEADERS AND NURTURE FUTURE PROFESSIONALS BY ENHANCING THEIR EDUCATIONAL EXPERIENCE, HELPING INDIVIDUALS REACH THEIR POTENTIAL AND PROVIDING A LEARNING LABORATORY ON CAMPUS.THE STUDENT CENTER IS CURRENTLY UNDER CONSTRUCTION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,617,788
Program Service Revenue $0
Investment Income $163,052
Other Revenue $0
TOTAL REVENUE $11,780,840

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $25,000
TOTAL EXPENSES $25,000

Year-over-Year Comparison

2023 2022 Change
Revenue $11,780,840 $200,000 +57.9%
Expenses $25,000 $172,666 -0.9%
Net Income $11,755,840 $27,334 +429.1%
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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$252,787
Total Directors
3
$252,787
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIJUANA HUDSON PRESIDENT, THRU 12/15/2023 2.00
Officer Director
$0 $35,490 $252,787
TODD BROWN SECRETARY 0.10
Officer Director
$0 $0 $0
LEIGHANN BOLEN DIRECTOR 0.10
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
2023 $11,780,840 $25,000 $40,170,536 $11,755,840
2022 $200,000 $172,666 $25,157,885 $27,334
2021 No data No data No data No data
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