SPARTANBURG METHODIST COLLEGE (EIN 570314415) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1911

Legal Domicile

Principal Officer

Scott Cochran

Phone

8645874259

Tax Period

2023-07-01 to 2024-06-30

SPARTANBURG METHODIST COLLEGE, founded in 1911, is a mid-sized nonprofit in the Education sector that reported $25.5M in total revenue in fiscal year 2023.

Mission

Spartanburg Methodist College is a private residential institution offering associate and baccalaureate degrees within the United Methodist Connection. At SMC, lives are transformed in a values-oriented, student-centered atmosphere in the Christian tradition that encourages academic excellence, intellectual exploration, social awareness, and character development within the liberal arts tradition. The academic program offers students the option of transferring to a four-year college or university for continued study or entering a career after graduation. The curriculum ranges from the basic liberal arts and transfer program to preparation for immediate entry into the job market through career track and baccalaureate degree options. The College offers to a wide variety of students the opportunity of higher education by providing a competent and dedicated faculty, distance learning options, financial assistance, work-study positions, and special support programs.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,312,303

Program Service Revenue $22,574,609

Investment Income $541,035

Other Revenue $32,650

TOTAL REVENUE $25,460,597

Expense Breakdown

Grants Paid $6,143,358

Salaries & Benefits $12,296,949

Fundraising Expenses $463,881

Program Expenses $21,801,245

Other Expenses $9,205,794

TOTAL EXPENSES $27,646,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,460,597	$26,405,067	0.0%
Expenses	$27,646,101	$26,872,115	+0.0%
Net Income	$-2,185,504	$-467,048	+3.7%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

342

Volunteers

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

$818,771

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William S Cochran	President of the College	60	Officer	$256,442	$23,221	$279,663
Curt Laird	Provost & Executive VP for Academic Affairs	45	Officer	$147,197	$7,574	$154,771
Martin Woods	VP for Facilities	45	Highest	$120,534	$17,431	$137,965
Michael Crocker	CFO	45	Officer	$119,022	$16,256	$135,278
Benjamin Maxwell	VP for Enrollment	45	Officer	$131,054	$0	$131,054
Jennifer Dillenger	VP for Advancement	45	Officer	$97,763	$20,242	$118,005
Lisa Ware	VP for Marketing	45	Highest	$105,483	$11,288	$116,771
Courtney Shelton	VP for Student & Professional Development	45	Highest	$102,197	$7,789	$109,986
Jason Womick	VP for IT and Analytics	45	Highest	$85,618	$22,347	$107,965
John Moore	Chair	1	Officer Director	$0	$0	$0
Jerry Gadsden	Vice Chair	1	Officer Director	$0	$0	$0
Catherine Gramling	Secretary	1	Officer Director	$0	$0	$0
Michael Allen	Director	1	Director	$0	$0	$0
Andrew Babb	Director	1	Director	$0	$0	$0
Pat Barber	Director	1	Director	$0	$0	$0
Phillip Buchheit	Director	1	Director	$0	$0	$0
Darrell Campbell	Director	1	Director	$0	$0	$0
Grant Close	Director	1	Director	$0	$0	$0
Lane Glaze	Director	1	Director	$0	$0	$0
Marcos Gomez	Director	1	Director	$0	$0	$0
Kathleen McKinney	Director	1	Director	$0	$0	$0
Evelyn Middleton	Director	1	Director	$0	$0	$0
Betty Montgomery	Director	1	Director	$0	$0	$0
Charlita Moss	Director	1	Director	$0	$0	$0
Marilyn Murphy	Director	1	Director	$0	$0	$0
Darryl Owings	Director	1	Director	$0	$0	$0
Harriet Rucker	Director	1	Director	$0	$0	$0
Clint Settle	Director	1	Director	$0	$0	$0
Mary Teasley	Director	1	Director	$0	$0	$0
Ashley Williams	Director	1	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	No data	No data	No data	No data
2024	$25,460,597	$27,646,101	$57,900,704	$-2,185,504
2023	$26,405,067	$26,872,115	$55,722,776	$-467,048
2022	$26,371,934	$28,481,803	$52,317,686	$-2,109,869
2021	$28,150,262	$26,704,555	$58,536,282	$1,445,707
2020	$23,099,877	$23,261,367	$52,461,540	$-161,490
2019	$21,262,542	$21,439,810	$51,673,874	$-177,268

SPARTANBURG METHODIST COLLEGE