HUB CITY ROOTS

🔒

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

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

LAURA RINGO

Phone

8645850905

Tax Period

2024-01-01 to 2024-12-31

HUB CITY ROOTS, founded in 2003, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $499K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $478K left a modest 4% surplus.

Mission

THE HUB CITY FARMERS' MARKET IS A NONPROFIT COMMUNITY ORGANIZATION THAT AIMS TO INCREASE SUPPLY, DEMAND, AND ACCESS TO HEALTHY, LOCAL FOODS IN SPARTANBURG, SOUTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $322,103 Revenue: $139,241

FARMERS' MARKET- FARMERS' MARKET GOALS ARE TO INCREASE THE DEMAND, AVAILABILITY, AND ACCESS TO FRESH PRODUCE. IN ADDITION, CREATE A PUBLIC SPACE TO SERVE AS A TOOL FOR SOCIAL INTEGRATION AND PROVIDE AN INCUBATOR FOR SMALL FARMERS AND DISTRESSD AREAS. THE FARMERS' MARKET PROGRAM ALSO INCLUDES A MOBILE MARKET THAT TRAVELS TO COMMUNITIES WITH FRESH PRODUCE TO PROVIDE ACCESS TO HEALTHY FOODS AND COMMUNITY SUPPORTED AGRICULTURAL PROGRAMS, THAT HELPS SMALL FARMS REACH MORE RESIDENTS. FARMERS' MARKET AND MOBILE MARKET SERVED APPROXIMATELY 25,000.

Program 2

Expenses: $5,197 Revenue: $10,340

URBAN FARM- A WORKING FARM MANAGED BY HUB CITY FARMERS' MARKET STAFF, THE URBAN FARM SEEKS TO EDUCATE THE PUBLIC ABOUT FARMING PRACTICES AND THE BENEFITS OF HEALTHY, LOCAL FOOD THROUGH PROGRAMMING...

URBAN FARM- A WORKING FARM MANAGED BY HUB CITY FARMERS' MARKET STAFF, THE URBAN FARM SEEKS TO EDUCATE THE PUBLIC ABOUT FARMING PRACTICES AND THE BENEFITS OF HEALTHY, LOCAL FOOD THROUGH PROGRAMMING AND VOLUNTEER OPPORTUNITIES. THE URBAN FARM COVERS APPROXIMATELY 1/2 ACRE LOCATED AT NORTHSIDE HARVEST PARK. PRODUCE FROM THE FARM IS SOLD OR DONATED TO INDIVIDUALS, BUSINESSES, AND COMMUNITY ORGANIZATIONS.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $298,442

Program Service Revenue $149,581

Investment Income $21,975

Other Revenue $28,860

TOTAL REVENUE $498,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,386

Fundraising Expenses $19,595

Program Expenses $348,480

Other Expenses $261,484

TOTAL EXPENSES $477,870

Year-over-Year Comparison

	2024	2023	Change
Revenue	$498,858	$557,307	-0.1%
Expenses	$477,870	$634,136	-0.2%
Net Income	$20,988	$-76,829	-1.3%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN CARTEE	PAST CHAIR	0.50	Director	$0	$0	$0
MARQUICE CLARK	DIRECTOR	0.50	Director	$0	$0	$0
AUNDI HUNTER	BOARD CHAIR	1.50	Officer Director	$0	$0	$0
MICHAEL JUDICE	SECRETARY	0.50	Director	$0	$0	$0
JOE LEVER	TREASURER	2.00	Officer Director	$0	$0	$0
STEVE METZGER	DIRECTOR	0.50	Director	$0	$0	$0
MARY JANE MICHAELS	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA NOVAK	DIRECTOR	0.50	Director	$0	$0	$0
LAURA RINGO	EXECUTIVE DI	40.00	Officer Director	$0	$0	$0
DANNY SHELTON	DIRECTOR	0.50	Director	$0	$0	$0
AQIL SURKA	DIRECTOR	0.50	Director	$0	$0	$0
CARMEISHA WHITE	VICE CHAIR	1.50	Officer 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	$498,858	$477,870	$139,750	$20,988
2023	$557,307	$634,136	$125,400	$-76,829
2022	$623,097	$666,678	$155,528	$-43,581
2021	$649,812	$646,191	$203,556	$3,621
2020	$603,181	$556,364	$177,164	$46,817
2019	$394,677	$402,708	$131,265	$-8,031
2018	$327,225	$345,791	$139,122	$-18,566