SPARTANBURG ACADEMIC MOVEMENT

EIN: 452104341 501(c)(3) Education

SPARTANBURG, SC

Total Revenue
$9,499,656
Total Expenses
$2,456,051
Total Assets
$10,641,535
Net Assets
$10,411,130
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

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)

Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
SC
Principal Officer
DR RUSSELL BOOKER
Phone
8645735804
Tax Period
2023-01-01 to 2023-12-31

SPARTANBURG ACADEMIC MOVEMENT, founded in 2010, is a community nonprofit in the Education sector that reported $9.5M in total revenue in fiscal year 2023. Revenue surged 694% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.0M, a strong 74% operating margin.

Mission

SPARTANBURG ACADEMIC MOVEMENT IS AN "ALL-IN" PARTNERSHIP OF SCHOOLS AND COLLEGES, BUSINESSES, GOVERNMENTS, FOUNDATIONS, FAITH COMMUNITIES AND INDIVIDUALS ACROSS SPARTANBURG COUNTY IN PURSUIT OF HIGH LEVELS OF EDUCATIONAL ACHIEVEMENT. THE COLLECTIVE MISSION IS WE ENSURE SPARTANBURG COUNTY'S CHILDREN AND YOUTH REACH ACADEMIC AND LIFE SUCCESS BY CONVENING PARTNERS, ALIGNING RESOURCES AND DRIVING EQUITY.

🔒

Trantor Score

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)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,338,640
Program Service Revenue $39,300
Investment Income $121,716
Other Revenue $0
TOTAL REVENUE $9,499,656

Expense Breakdown

Grants Paid $303,108
Salaries & Benefits $842,760
Fundraising Expenses $58,934
Program Expenses $2,313,336
Other Expenses $1,310,183
TOTAL EXPENSES $2,456,051

Year-over-Year Comparison

2023 2022 Change
Revenue $9,499,656 $1,196,776 +6.9%
Expenses $2,456,051 $2,147,532 +0.1%
Net Income $7,043,605 $-950,756 -8.4%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

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

Governance

Voting Members
22
Independent Members
22
Employees
14
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
5
$165,200
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR RUSSELL BOOKER CHIEF EXEC O 40.00
Officer
$160,000 $5,200 $165,200
DR DARRYL OWINGS VICE-CHAIR N/A
Officer Director
$0 $0 $0
DR INGO ANGERMEIER TREASURER N/A
Officer Director
$0 $0 $0
MR WILLIAM BARNET III INTERIM BOAR N/A
Officer Director
$0 $0 $0
KATHY DUNLEAVY DIRECTOR N/A
Director
$0 $0 $0
TROY HANNA DIRECTOR N/A
Director
$0 $0 $0
TODD STEPHENS DIRECTOR N/A
Director
$0 $0 $0
PAIGE STEPHENSON DIRECTOR N/A
Director
$0 $0 $0
MOLLY TALBOT-METZ DIRECTOR N/A
Director
$0 $0 $0
SHAUNTE' EVANS DIRECTOR N/A
Director
$0 $0 $0
PHIL FEISAL DIRECTOR N/A
Director
$0 $0 $0
B COLE ALVERSON DIRECTOR N/A
Director
$0 $0 $0
DR RANDALL GARY DIRECTOR N/A
Director
$0 $0 $0
ARACELI HERNANDEZ-LAROCHE DIRECTOR N/A
Director
$0 $0 $0
AVI LAWRENCE DIRECTOR N/A
Director
$0 $0 $0
DR KIRA REAVES SECRETARY N/A
Officer Director
$0 $0 $0
DR MICHAEL MIKOTA DIRECTOR N/A
Director
$0 $0 $0
ALLEN SMITH DIRECTOR N/A
Director
$0 $0 $0
DR JOHN STOCKWELL DIRECTOR N/A
Director
$0 $0 $0
DR BENNIE HARRIS DIRECTOR N/A
Director
$0 $0 $0
SUSU JOHNSON EMERITUS N/A
Director
$0 $0 $0
CATHERINE BASS BLACK DIRECTOR N/A
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
2024 No data No data No data No data
2023 $9,499,656 $2,456,051 $10,641,535 $7,043,605
2022 $1,196,776 $2,147,532 $3,607,129 $-950,756
2021 $3,165,814 $3,509,478 $4,955,067 $-343,664
2020 $4,324,107 $1,001,516 $4,687,889 $3,322,591
2020 $4,324,107 $1,001,516 $4,687,889 $3,322,591
2019 $1,346,757 $912,693 $1,261,466 $434,064
2018 $632,002 $649,992 $877,402 $-17,990
Explore More Nonprofits
→Top 100 Nonprofits in South Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SPARTANBURG ACADEMIC MOVEMENT with other nonprofits in South Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.