Leroy Springs & Company Inc

EIN: 570344121 501(c)(3) Recreation & Sports

Fort Mill, SC

Total Revenue
$24,742,711
Total Expenses
$20,409,353
Total Assets
$107,981,846
Net Assets
$105,436,994
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
SC
Principal Officer
John Gordon
Phone
8035471000
Tax Period
2023-01-01 to 2023-12-31

Leroy Springs & Company Inc, founded in 1938, is a mid-sized nonprofit in the Recreation & Sports sector that reported $24.7M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.3M, a strong 18% operating margin.

Mission

The organization, effectively lessening the burdens of government, provides and operates facilities and open space in order to promote the physical and mental health and wellness of the community and foster positive community values. Its high quality, affordable programs provide opportunities for all to enjoy recreational, educational, and community activities, while preserving and interpreting local history and encouraging environmental stewardship. Though we expect our programs to most benefit the inhabitants of Fort Mill Township and Lancaster and Chester counties, we welcome all to enjoy our facilities and 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,922,312
Program Service Revenue $18,253,637
Investment Income $2,634,562
Other Revenue $1,932,200
TOTAL REVENUE $24,742,711

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,337,592
Fundraising Expenses $494,026
Program Expenses $17,559,956
Other Expenses $9,071,761
TOTAL EXPENSES $20,409,353

Year-over-Year Comparison

2023 2022 Change
Revenue $24,742,711 $20,965,396 +0.2%
Expenses $20,409,353 $18,138,289 +0.1%
Net Income $4,333,358 $2,827,107 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
790
Volunteers
223

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
6
$636,732
Total Directors
8
$276,276
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elliott S Close Director, Chairman of the 0.10
Officer Director
$0 $0 $0
R Alexander Sullivan Vice President & Secretary 0.10
Officer Director
$0 $0 $0
HW Close Director 0.10
Director
$0 $0 $0
W Dehler Hart Director 0.10
Director
$0 $0 $0
Andy Kane Director 0.10
Director
$0 $0 $0
D Peyton Worley Vice President & Treasurer 0.10
Officer Director
$0 $0 $0
John Gordon President & CEO 40.00
Officer Director
$240,908 $35,368 $276,276
Kristina Burke Director 0.10
Director
$0 $0 $0
Cheryl P Gall Vice President, Human Reso 40.00
Officer
$142,443 $19,164 $161,607
Deborah L Kiggans CFO 40.00
Officer
$171,299 $27,550 $198,849
Cal Williams Director of Golf 40.00
Highest
$118,838 $18,674 $137,512
Lindsey Arnautovic Greenway Operations Director 40.00
Highest
$106,554 $17,937 $124,491
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 $24,742,711 $20,409,353 $107,981,846 $4,333,358
2022 $20,965,396 $18,138,289 $103,606,773 $2,827,107
2021 $26,136,313 $15,873,507 $107,281,566 $10,262,806
2020 $13,224,416 $13,815,639 $96,811,749 $-591,223
2019 $26,591,537 $13,877,882 $94,548,704 $12,713,655
2018 $12,104,015 $13,478,758 $78,382,919 $-1,374,743
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