Presbyterian Communities of South Carolina

Nonprofit profile at a glance

EIN
570373677
IRS 990 coverage
2010–2025
Official website data refreshed
Sep 2026
Forms available
Form 990 2025
Location
Columbia, SC, USA
Phone
8037725885
Rating
72
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Supportive Housing for Older Adults
Affiliation
Christianity

Official website

Reported finances

Revenue
$87,552,673
Expenses
$87,557,413
Assets
$183,688,135
Liabilities
$154,831,198

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • Dr Franklin L Fant Jr (CEO)
  • Elizabeth King (Executive Director)
  • Leslie Anzalone (Executive Director)
  • Matthew Schorner (Executive Director)

Highest reported compensation

  • Dr Franklin L Fant Jr (CEO): $425,790 total reported compensation
  • Amanda Stamper (COO): $287,337 total reported compensation
  • Kevin M Johnson (CFO): $242,309 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We are a compassionate Christian ministry dedicated to enriching the quality of life for seniors of all faiths. Not-for-profit organizations exist for the sake of their mission. PCSC exists to fulfill our mission of serving and enriching the lives of older adults while exercising good stewardship to support a sound enterprise for many years to come. As a not-for-profit organization, PCSC is accountable to and overseen by a volunteer Board of Trustees. Board of Trustees members represent a wide range of disciplines that relate to our mission. With no expectation of financial gain, our board members are committed to making sure we remain true to our mission, respond to local needs, plan effectively for the future and manage financial resources effectively. No one owns a not-for-profit corporation the wa.

What it reported doing in 2025

The Organization currently operates six retirement communities in various locations across South Carolina providing independent living accommodations, assisted living and skilled nursing. In 2025, an average of 933 residents were served each month across the continuum of care. The Organization also provides assistance in the form of reduced fees to qualifying residents who have exhausted their financial resources. The charges foregone related to this assistance, or financial subsidy, net of recoveries, amounted to $977,973 and $1,040,708 during 2025 and 2024, respectively. There were 18 residents assisted in 2025 and 15 residents served in 2024.

Operating model

Revenue model
Other-operating. 98% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 72
  • Accountability: 91
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.7%; rating input score 73
  • Program expense ratio: 72.4%; rating input score 72
  • Fundraising efficiency: $0.98 raised per $1 spent on fundraising; rating input score 3; 3rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 15th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: No; rating input score 0

Accountability

  • Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 2.1; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0.84; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 2.1%; rating input score 59; 59th percentile among comparable filings

Growth

  • Program expense growth: 4.9% per year; rating input score 100; 38th percentile among comparable filings
  • Revenue growth: 6% per year; rating input score 100; 50th percentile among comparable filings
  • Asset growth: 8% per year; rating input score 100; 57th percentile among comparable filings

Details

  • What they do: 1 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 72.7% of revenue deployed · 72.4% of spending went to programs
  • Governance: 14 of 14 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $63.4M in reported program spending
  • Leadership: top reported pay $426K · 22 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $4.7M reported
  • Consistency: 34 of 35 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 14 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 3/100.
  • High — Sustainability: Operating margin scored 18/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 59/100.