Edgefield County Public Facilities Corp

EIN: 920589416 501(c)(3) Human Services

Edgefield, SC

Total Revenue
$2,416,345
Total Expenses
$2,539,035
Total Assets
N/A
Net Assets
$-20,861,361
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
SC
Phone
8037999800
Tax Period
2024-07-01 to 2025-06-30

Edgefield County Public Facilities Corp, founded in 2022, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year.

Mission

EDGEFIELD COUNTY PUBLIC FACILITIES CORPORATION (THE CORPORATION) IS INTENDED BE AN ON BEHALF OF ISSUER OF EDGEFIELD COUNTY, SOUTH CAROLINA (THE COUNTY) WITHIN THE MEANING OF REV. RUL. 63-20, 1963-1 C.B. 24. THE CORPORATION'S PRIMARY ACTIVITY IS THE FINANCING OF THE ACQUISITION, CONSTRUCTION, RENOVATION AND EQUIPPING OF CERTAIN PUBLIC FACILITIES (THE PROJECTS). 100 PERCENT OF THE CORPORATION'S ACTIVITIES ARE ALLOCATED TO SUCH ACTIVITY. THE CORPORATION HAS LEASED REAL PROPERTY FROM THE COUNTY PURSUANT TO A BASE LEASE AND CONVEYANCE AGREEMENT (THE BASE LEASE) AND ISSUED THE $24,690,000 EDGEFIELD COUNTY PUBLIC FACILITIES CORPORATION INSTALLMENT PURCHASE REVENUE BONDS (EDGEFIELD COUNTY PROJECT) SERIES 2022 (THE BONDS) TO FINANCE THE COSTS OF CERTAIN PROJECTS (THE 2022 PROJECTS) AND TO PROVIDE ADDITIONAL FUNDING TO THE COUNTY. THE 2022 PROJECTS WILL BE SOLD TO THE COUNTY UNDER THE TERMS OF AN INSTALLMENT PURCHASE AND USE AGREEMENT EXECUTED CONTEMPORANEOUSLY WITH THE BASE LEASE.

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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 $0
Program Service Revenue $2,414,856
Investment Income $1,489
Other Revenue $0
TOTAL REVENUE $2,416,345

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,539,035
Other Expenses $2,539,035
TOTAL EXPENSES $2,539,035

Year-over-Year Comparison

2024 2023 Change
Revenue $2,416,345 $2,928,208 -0.2%
Expenses $2,539,035 $20,704,359 -0.9%
Net Income $-122,690 $-17,776,151 -1.0%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AQUIESHA WILLIAMS VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
J ANDREW LIVINGSTON III PRESIDENT 1.0
Officer Director
$0 $0 $0
R TRACY FREEMAN TREASURER 1.0
Officer Director
$0 $0 $0
JOHN RYANS DIRECTOR 1.0
Director
$0 $0 $0
TOM PLOWDEN DIRECTOR 1.0
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 $2,416,345 $2,539,035 No data $-122,690
2024 $2,928,208 $20,704,359 $119,611 $-17,776,151
2023 $28,514,631 $10,894,349 $19,844,465 $17,620,282
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