TOGETHER EDGEFIELD ACHIEVES MORE

EIN: 882696369 501(c)(3) Community Improvement

EDGEFIELD, SC

Total Revenue
$236,667
Total Expenses
$129,996
Total Assets
$138,667
Net Assets
$138,667
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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
2022
Legal Domicile
SC
Principal Officer
JAMES E PADGETT
Phone
8036373775
Tax Period
2024-01-01 to 2024-12-31

TOGETHER EDGEFIELD ACHIEVES MORE, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $237K in total revenue in fiscal year 2024. The organization ran a surplus of $107K, a strong 45% operating margin.

Mission

TEAM WAS CREATED TO WORK WITH MERCHANTS AND OTHER INTERESTED PARTIES TO IMPROVE THE TOWN OF EDGEFIELD BY ASSISTING IN DEVELOPING COMMERCIAL AND RESIDENTIAL OPPORTUNITIES FOR THE RESIDENTS AND VISITORS TO OUR TOWN. THE ORGANIZATION WORKS HAND AND HAND WITH THE TOWN OF EDGEFIELD TO ACHIEVE THE GOALS IT HAS ESTABLISHED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $236,667
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $236,667

Expense Breakdown

Grants Paid $129,918
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $129,918
Other Expenses $78
TOTAL EXPENSES $129,996

Year-over-Year Comparison

2024 2023 Change
Revenue $236,667 N/A N/A
Expenses $129,996 N/A N/A
Net Income $106,671 N/A N/A
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
5
Independent Members
5
Employees
N/A
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRADLEY D COVAR TREASURER 1.00
Officer
$0 $0 $0
JAMES E PADGETT PRESIDENT 1.00
Officer
$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
2024 $236,667 $129,996 $138,667 $106,671
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