SOUTH CAROLINA EDUCATION FUTURES (EIN 884271697) - 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

2023

Legal Domicile

Principal Officer

PAMELA SIEGER

Phone

8772543459

Tax Period

2024-07-01 to 2025-06-30

SOUTH CAROLINA EDUCATION FUTURES, founded in 2023, is a mid-sized nonprofit in the Education sector that reported $20.4M in total revenue in fiscal year 2024. Revenue surged 394% from the prior year, signaling strong growth momentum. Expenses of $18.6M left a modest 9% surplus.

Mission

CAROLUS ONLINE ACADEMY (COA), AS APPROVED BY THE SOUTH CAROLINA PUBLIC CHARTER SCHOOL DISTRICT, IS A TUITION-FREE ONLINE PUBLIC SCHOOL SERVING GRADES K-12. WE'RE DEDICATED TO INSPIRING AND EMPOWERING SOUTH CAROLINA STUDENTS THROUGH PERSONALIZED, AT-HOME LEARNING.

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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 $20,363,131

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $20,363,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,793,431

Fundraising Expenses $0

Program Expenses $14,701,363

Other Expenses $14,800,694

TOTAL EXPENSES $18,594,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,363,131	$4,120,739	+3.9%
Expenses	$18,594,125	$4,132,803	+3.5%
Net Income	$1,769,006	$-12,064	-147.6%

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

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

$145,691

Total Directors

$145,691

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA SIEGER	EXECUTIVE DI	40.00	Officer Director	$145,691	$0	$145,691
KRISTEN BELL	BOARD SECRET	1.00	Officer Director	$0	$0	$0
CANDICE DAVIS	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVE HANLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
ERIC MACK	BOARD TREASU	1.00	Director	$0	$0	$0
DAN MARTIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN PALLASCH	CHAIR	1.00	Officer Director	$0	$0	$0
ANNIE POLVINEN	BOARD MEMBER	2.00	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	$20,363,131	$18,594,125	$4,695,520	$1,769,006
2024	$4,120,739	$4,132,803	$958,965	$-12,064

SOUTH CAROLINA EDUCATION FUTURES