Florence, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Florence Downtown Development Corporation Inc, founded in 2002, is a small nonprofit in the Environment sector that reported $455K in total revenue in fiscal year 2024. The organization ran a surplus of $89K, a strong 20% operating margin.
To promote the redevelopment and revitalization of the downtown redevelopment district.
The facilitation and promotion of the redevelopment and revitalization of the City of Florence downtown area. The Pecan Festival is a weekend event held downtown during November. Florence After Five...
The facilitation and promotion of the redevelopment and revitalization of the City of Florence downtown area. The Pecan Festival is a weekend event held downtown during November. Florence After Five is an event held on Friday afternoons during the warm weather months to promote the downtown vendors. The Art Trail encourages various art mediums in the downtown area. In addition to these events, the Corporation has many more that occur throughout the year.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $454,920 | $422,479 | +0.1% |
| Expenses | $365,998 | $355,070 | +0.0% |
| Net Income | $88,922 | $67,409 | +0.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Dr Luther F Carter | Board of Directors | 2.00 |
Director
|
$0 | $0 | $0 |
| Lesli McGee | Vice Chairman | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Ken Jackson | Board Chairman | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Ed Love | Board of Directors | 0.50 |
Director
|
$0 | $0 | $0 |
| Dr Calvin Robinson | Board of Directors | 0.50 |
Director
|
$0 | $0 | $0 |
| Carl Humphries | Treasurer | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Marvin James | Board of Directors | 0.50 |
Director
|
$0 | $0 | $0 |
| Tim Norwood | Board of Directors | 0.50 |
Director
|
$0 | $0 | $0 |
| Scotty Davis | Board of Directors | 0.50 |
Director
|
$0 | $0 | $0 |
| Lethonia Barnes | Board of Directors | 0.50 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $454,920 | $365,998 | $1,190,484 | $88,922 |
| 2024 | $422,479 | $355,070 | $1,296,006 | $67,409 |
| 2023 | $355,786 | $376,035 | $1,220,758 | $-20,249 |
| 2022 | $349,597 | $375,278 | $1,241,699 | $-25,681 |
| 2021 | $244,033 | $141,361 | $1,266,126 | $102,672 |
| 2020 | $362,979 | $351,852 | $1,249,776 | $11,127 |
| 2019 | $609,882 | $550,145 | $1,247,296 | $59,737 |
Compare Florence Downtown Development Corporation Inc with other nonprofits in South Carolina and across the country.