HABITAT FOR HUMANITY SPARTANBURG I

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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

1987

Legal Domicile

Principal Officer

RAYMOND DAVIS

Phone

8645912221

Tax Period

2022-07-01 to 2023-06-30

HABITAT FOR HUMANITY SPARTANBURG I, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2022. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

HABITAT FOR HUMANITY OF SPARTANBURG IS AN ECUMENCIAL CHRISTIAN MINISTRY THAT CHANGES LIVES BY BUILDING DECENT, AFFORDABLE HOMES IN PARTNERSHIP WITH SPARTANBURG COUNTY FAMILIES IN NEED.

Program Service Accomplishments

Program 1

Expenses: $1,444,690 Revenue: $993,582

HABITAT FOR HUMANITY COORDINATES VOLUNTEER AND CHARITABLE RESOURCES TO BUILD HOMES IN THE COMMUNITY FOR QUALIFIED LOW-INCOME FAMILIES. DURING THE 2023 FISCAL YEAR WE COMPLETED CONSTRUCTION ON A TOTAL OF 4 HOMES AND TRANSFERRED OWNERSHIP TO 4 NEW FAMILIES. SINCE 1987 WE HAVE PROVIDED HOMES FOR OVER 579 PEOPLE, FINANCED WITH NON-INTEREST BEARING MORTGAGES. WE ALSO OFFER ONGOING SUPPORT THROUGH OUR COMMITTEES DEDICATED TO OUR HABITAT FAMILIES AND NEIGHBORHOODS. DURING THIS YEAR 18,625 VOLUNTEER HOURS WORK RESULTED IN LOW CONSTRUCTION COSTS FOR HOUSES AND PROVIDED ONGOING SUPPORT FOR HOMEOWNERS.

Program 2

Expenses: $461,801 Revenue: $656,552

THE HABITAT RESTORE IS A SOURCE OF LOW-COST HOME FURNISHINGS AND BUILDING SUPPLIES FOR LOCAL HOMEOWNERS. PROFITS FROM THE RESTORE SUPPORT OUR MINISTRY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $529,854

Program Service Revenue $1,650,134

Investment Income $1,594

Other Revenue $8,895

TOTAL REVENUE $2,190,477

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,043,191

Fundraising Expenses $48,073

Program Expenses $1,906,491

Other Expenses $1,201,162

TOTAL EXPENSES $2,244,353

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,190,477	$2,738,677	-0.2%
Expenses	$2,244,353	$2,401,357	-0.1%
Net Income	$-53,876	$337,320	-1.2%

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

Volunteers

3954

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

$34,298

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND DAVIS	EXECUTIVE DI	40.00	Officer	$34,298	$0	$34,298
PAUL ABERNATHY	BOARD MEMBER	N/A	Director	$0	$0	$0
CAMILLE BETHEA	BOARD MEMBER	N/A	Director	$0	$0	$0
RUSSELL BLACKBURN	BOARD CHAIR	N/A	Officer Director	$0	$0	$0
CATHY ELLETT	BOARD MEMBER	N/A	Director	$0	$0	$0
DANIEL GORDON JR	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL LANGLEY	TREASURER	N/A	Officer Director	$0	$0	$0
DERWIN LEE	BOARD MEMBER	N/A	Director	$0	$0	$0
JEREMY LONG	BOARD MEMBER	N/A	Director	$0	$0	$0
CHARLENE LYLE	BOARD MEMBER	N/A	Director	$0	$0	$0
ANDREW MCCALL	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVID PROCTOR	BOARD SECRET	N/A	Officer Director	$0	$0	$0
RICKY RICHARDSON	BOARD MEMBER	N/A	Director	$0	$0	$0
LAUREN ROGERS	BOARD MEMBER	N/A	Director	$0	$0	$0
DARIEN SWENSON	BOARD MEMBER	N/A	Director	$0	$0	$0
CHARLOTTE VERREAULT	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
TAYLOR WHITE	BOARD MEMBER	N/A	Director	$0	$0	$0
ANDREA WILCOX	BOARD MEMBER	N/A	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	No data	No data	No data	No data
2023	$2,190,477	$2,244,353	$4,477,829	$-53,876
2022	$2,738,677	$2,401,357	$4,514,429	$337,320
2021	$2,233,759	$1,906,276	$4,376,305	$327,483
2020	$2,146,724	$2,026,029	$4,005,630	$120,695
2019	$2,293,877	$2,272,693	$3,699,419	$21,184