OLD TOWN ASSOCIATION

EIN: 204403270 501(c)(3) Community Improvement

ROCK HILL, SC

Total Revenue
$792,430
Total Expenses
$587,039
Total Assets
$337,431
Net Assets
$337,431
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
SC
Principal Officer
DAVID WILLIAMS
Phone
8033297090
Tax Period
2025-01-01 to 2025-12-31

OLD TOWN ASSOCIATION, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $792K in total revenue in fiscal year 2025. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $205K, a strong 26% operating margin.

Mission

THE ORGANIZATION IS A CITIZENS-BASED GROUP COMMITTED TO THE SUSTAINED REDEVELOPMENT OF THE CITY OF ROCK HILL'S DOWNTOWN AREA. THE PRIMARY PURPOSES OF THE ORGANIZATION ARE: PROMOTE DOWNTOWN THROUGH MARKETING, PROMOTIONS AND SPECIAL EVENTS; PROMOTE COMMUNICATION AND COOPERATION BETWEEN PARTIES HAVING AN INTEREST IN DOWNTOWN; FOSTER A SENSE OF COMMUNITY INTEREST IN DOWNTOWN; PROVIDE A FORUM WHERE PEOPLE CAN BRING SPECIFIC CONCERNS FOR DISCUSSION, RECEIVE RELIABLE INFORMATION, AND SUPPORT FOR LEGITIMATE CAUSES; FURNISH A CONNECTING LINK BETWEEN THE DOWNTOWN MASTER PLAN AND LOCAL GOVERNMENT, BUSINESSES, CITIZENS AND NON-PROFIT GROUPS WHO HAVE A STAKE IN THE SUCCESS OF THE AREA; IMPLEMENT THE GOALS AND STRATEGIES OUTLINED IN THE DOWNTOWN MASTER PLAN.

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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 (2025)

Revenue Breakdown

Contributions & Grants $590,724
Program Service Revenue $201,550
Investment Income $156
Other Revenue $0
TOTAL REVENUE $792,430

Expense Breakdown

Grants Paid $46,211
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $551,494
Other Expenses $540,828
TOTAL EXPENSES $587,039

Year-over-Year Comparison

2025 2024 Change
Revenue $792,430 $411,723 +0.9%
Expenses $587,039 $357,363 +0.6%
Net Income $205,391 $54,360 +2.8%
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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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
20

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
4
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELSSY CARPENTER EXECUTIVE DI 40.00
Officer
$0 $0 $0
SAMANTHA GREEN SECRETARY 40.00
Director
$0 $0 $0
WILLIAM DRINNON TREASURER 1.00
Officer Director
$0 $0 $0
DAVID WILLIAMS CHAIR 1.00
Officer Director
$0 $0 $0
JEFF MILLER DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER SANDLER DIRECTOR 1.00
Director
$0 $0 $0
MELANIE COOPER DIRECTOR 1.00
Director
$0 $0 $0
BRYAN BOAN DIRECTOR 1.00
Director
$0 $0 $0
WES TUTTLE DIRECTOR 1.00
Director
$0 $0 $0
ANDY CLINTON DIRECTOR 1.00
Director
$0 $0 $0
BRIAN HOVIS DIRECTOR 1.00
Director
$0 $0 $0
JASON FLORA DIRECTOR 1.00
Director
$0 $0 $0
ALLAN MILLER DIRECTOR 1.00
Director
$0 $0 $0
BROOKE TEAGUE DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN SMITH DIRECTOR 1.00
Director
$0 $0 $0
ANDREA WALTERS DIRECTOR 1.00
Director
$0 $0 $0
MATT WATSON DIRECTOR 1.00
Officer Director
$0 $0 $0
KENNEDI CHRISTOPHER DIRECTOR 1.00
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 $792,430 $587,039 $337,431 $205,391
2024 $411,723 $357,363 $132,040 $54,360
2023 $394,022 $447,062 $76,500 $-53,040
2022 $336,277 $443,365 $129,535 $-107,088
2021 $495,192 $347,483 $236,734 $147,709
2020 $140,391 $193,593 $103,442 $-53,202
2019 $729,299 $632,609 $210,122 $96,690
2018 $759,574 $886,134 $143,835 $-126,560
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