SPARTANBURG ASSOCIATE REFORMED PRESBYTERIAN HOME INC (EIN 570738225) - 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

1982

Legal Domicile

Principal Officer

REVEREND PETER WAID

Phone

8645836463

Tax Period

2019-07-01 to 2020-06-30

SPARTANBURG ASSOCIATE REFORMED PRESBYTERIAN HOME INC, founded in 1982, is a micro nonprofit in the Housing & Shelter sector that reported $92K in total revenue in fiscal year 2019. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $180K exceeded revenue, resulting in a 95% operating deficit.

Mission

SPARTANBURG ASSOCIATE REFORMED PRESBYTERIAN HOME, INC., WAS ORGANIZED UNDER THE LAWS OF THE STATE OF SOUTH CAROLINA FOR THE PURPOSE OF DEVELOPING AND OPERATING A 56 UNIT APARTMENT COMPLEX KNOWN AS HARRY C. WHITE MANOR.

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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 (2019)

Revenue Breakdown

Contributions & Grants $65,562

Program Service Revenue $26,457

Investment Income $4

Other Revenue $0

TOTAL REVENUE $92,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,586

Other Expenses $179,655

TOTAL EXPENSES $179,655

Year-over-Year Comparison

	2019	2018	Change
Revenue	$92,023	$552,324	-0.8%
Expenses	$179,655	$529,722	-0.7%
Net Income	$-87,632	$22,602	-4.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REVEREND PETER WAID	CHAIRMAN & SECRETARY	0.50	Officer Director	$0	$0	$0
VICKI PETERSON	VICE CHAIR	0.50	Officer Director	$0	$0	$0
JACK GOLIGHTLY	BOARD MEMBER	0.50	Director	$0	$0	$0
LEE ANN MALEY	BOARD MEMBER	0.50	Director	$0	$0	$0
KEITH ANTHONY	BOARD MEMBER	0.50	Director	$0	$0	$0
TAMMY CRAMER	BOARD MEMBER	0.50	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
2020	$92,023	$179,655	No data	$-87,632
2019	$552,324	$529,722	$868,296	$22,602

SPARTANBURG ASSOCIATE REFORMED PRESBYTERIAN HOME INC