SPARTANBURG, SC
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)NORTHSIDE DEVELOPMENT CORPORATION, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Net assets of $17.3M represent 70 months of operating reserves.
THE NORTHSIDE INITIATIVE IS WORKING TO FUNDAMENTALLY TRANSFORM THE NORTHSIDE NEIGHBORHOOD INTO A COMMUNITY OF CHOICE, WHERE CURRENT RESIDENTS CHOOSE TO STAY AND NEW PEOPLE CHOOSE TO MOVE. RESIDENTS WHO WANT TO STAY AND MAKE A BETTER LIFE FOR THEMSELVES IN THE NORTHSIDE WILL HAVE EVERY OPPORTUNITY TO DO SO. THE NORTHSIDE INITIATIVE HAS BEEN DESCRIBED AS THE MOST AMBITIOUS REDEVELOPMENT IN SPARTANBURG'S HISTORY. RESIDENTS AND STAKEHOLDERS AT ALL LEVELS WERE KEY TO THE DEVELOPMENT OF THIS IMPLEMENTATION PLAN.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,994,117 | $2,137,592 | +0.4% |
| Expenses | $2,992,391 | $2,187,192 | +0.4% |
| Net Income | $1,726 | $-49,600 | -1.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL WILLIAMSON | EXECUTIVE DI | 40.00 |
Officer
|
$112,813 | $11,443 | $124,256 |
| CATHERINE BASS BLACK | VICE CHAIR | 2.30 |
Officer
Director
|
$0 | $0 | $0 |
| LARRY CRUDUP | TRUSTEE | 2.30 |
Director
|
$0 | $0 | $0 |
| SHAUNTE EVANS | TRUSTEE | 2.30 |
Director
|
$0 | $0 | $0 |
| REGGIE GETER | SECRETARY | 2.30 |
Officer
Director
|
$0 | $0 | $0 |
| TROY HANNA | TRUSTEE | 2.30 |
Director
|
$0 | $0 | $0 |
| LAURA HENTHORN | TRUSTEE | 2.30 |
Director
|
$0 | $0 | $0 |
| WANDA CHEEKS HOLMES | TRUSTEE | 2.30 |
Director
|
$0 | $0 | $0 |
| WILLIAM BARNET III | TRUSTEE | 2.30 |
Director
|
$0 | $0 | $0 |
| MEREDITH LINDSEY | TRUSTEE | 2.30 |
Director
|
$0 | $0 | $0 |
| TAMARA MAKUPSON | TRUSTEE | 2.30 |
Director
|
$0 | $0 | $0 |
| ALEX POWELL | TREASURER | 2.30 |
Officer
Director
|
$0 | $0 | $0 |
| CAREY ROTHSCHILD | TRUSTEE | 2.30 |
Director
|
$0 | $0 | $0 |
| TIM SCHMITZ | TRUSTEE | 2.30 |
Director
|
$0 | $0 | $0 |
| LORETTA SINGLETON | TRUSTEE | 2.30 |
Director
|
$0 | $0 | $0 |
| CHRIS STORY | TRUSTEE | 2.30 |
Director
|
$0 | $0 | $0 |
| MOLLY TALBOT-METZ | TRUSTEE | 2.30 |
Director
|
$0 | $0 | $0 |
| JOHN VERREAULT | CHAIR | 2.30 |
Officer
Director
|
$0 | $0 | $0 |
| TERESA WRAY | TRUSTEE | 2.30 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $2,994,117 | $2,992,391 | $27,115,720 | $1,726 |
| 2024 | $2,137,592 | $2,187,192 | $27,427,572 | $-49,600 |
| 2023 | $1,423,256 | $3,022,133 | $27,353,806 | $-1,598,877 |
| 2022 | $1,778,258 | $1,723,841 | $27,524,844 | $54,417 |
| 2021 | $3,382,243 | $1,954,337 | $29,640,691 | $1,427,906 |
| 2020 | $3,236,929 | $3,387,197 | $28,593,925 | $-150,268 |
| 2019 | $8,181,169 | $2,157,771 | $27,192,937 | $6,023,398 |
| 2018 | $7,054,584 | $725,241 | $14,171,667 | $6,329,343 |
Compare NORTHSIDE DEVELOPMENT CORPORATION with other nonprofits in South Carolina and across the country.