Rock Hill Economic Development Corporation

EIN: 570750323 501(c)(3) Community Improvement

Rock Hill, SC

Total Revenue
$815,489
Total Expenses
$226,099
Total Assets
$5,712,899
Net Assets
$5,062,468
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
SC
Principal Officer
Matt Dosch
Phone
8033297010
Tax Period
2024-07-01 to 2025-06-30

Rock Hill Economic Development Corporation, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $815K in total revenue in fiscal year 2024. Revenue surged 111% from the prior year, signaling strong growth momentum. The organization ran a surplus of $589K, a strong 72% operating margin.

Mission

Rock Hill Development Corporation develops business parks, recruits and supports new businesses to the area, and assists in the revitalization of Rock Hill.

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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 (2024)

Revenue Breakdown

Contributions & Grants $518,880
Program Service Revenue $229,121
Investment Income $67,488
Other Revenue $0
TOTAL REVENUE $815,489

Expense Breakdown

Grants Paid $28,914
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $195,023
Other Expenses $197,185
TOTAL EXPENSES $226,099

Year-over-Year Comparison

2024 2023 Change
Revenue $815,489 $386,100 +1.1%
Expenses $226,099 $139,596 +0.6%
Net Income $589,390 $246,504 +1.4%
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

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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
35

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
5
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Alexander Vice Chair 4.00
Officer Director
$0 $0 $0
John Black Ex Officio 4.00
Director
$0 $0 $0
Matt Dosch Chair 4.00
Officer Director
$0 $0 $0
Dean Faile Board Member 4.00
Director
$0 $0 $0
Joanne Fockler Board Member 4.00
Director
$0 $0 $0
Will Garrison Board Member 4.00
Director
$0 $0 $0
Joel Hamilton Board Member 4.00
Director
$0 $0 $0
Jerrianne Jackson Board Member 4.00
Director
$0 $0 $0
Jack Leitner Board Member 4.00
Director
$0 $0 $0
Lester McCorn Board Member 4.00
Director
$0 $0 $0
Stacey Moore Board Member 4.00
Director
$0 $0 $0
Jim Reno Ex Officio 4.00
Director
$0 $0 $0
Edward Serna Board Member 4.00
Director
$0 $0 $0
Justin Smith Board Member 4.00
Director
$0 $0 $0
Wes Tuttle Board Member 4.00
Director
$0 $0 $0
David Vehaun Secretary 1.00
Officer Director
$0 $0 $0
John Gettys Mayor 1.00
Officer Director
$0 $0 $0
Lisa Brown Executive Dir. 10.00
Officer
$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 $815,489 $226,099 $5,712,899 $589,390
2023 $651,259 $463,244 $5,254,529 $188,015
2022 $376,619 $1,266,931 $5,641,830 $-890,312
2021 $787,473 $791,378 $6,519,586 $-3,905
2020 $4,306,759 $5,061,744 $7,004,768 $-754,985
2019 $1,516,320 $1,476,448 $8,546,112 $39,872
2018 $2,710,652 $1,905,899 $6,763,699 $804,753
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