Historic Rock Hill

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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

1995

Legal Domicile

Principal Officer

Meredith Strosser

Phone

8033291020

Tax Period

2024-01-01 to 2024-12-31

Historic Rock Hill, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $241K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $284K exceeded revenue, resulting in a 18% operating deficit.

Mission

Historic Rock Hill seeks to preserve and promote the collective history of Rock Hill, South Carolina by collaborating with our community to provide the stewardship of historical resources along with educational programming in celebration of our shared past.

Program Service Accomplishments

Program 1

Expenses: $191,376 Revenue: $11,122

Promotion and preservation of residential and commercial properties that have historical significance in Rock Hill. Provide public Education through exhibitions, publications, programs and...

Promotion and preservation of residential and commercial properties that have historical significance in Rock Hill. Provide public Education through exhibitions, publications, programs and activities. Preserve and protect local photographs, journals, and material culture.

Program 2

Expenses: $29,324 Revenue: $53,191

The Historic White Home may be rented to the public for events and activities that align with and support Historic Rock Hill's mission. Revenue generated from such rentals shall directly contribute to furthering Historic Rock Hill's mission to preserve and promote the collective history of Rock Hill, South Carolina. Additionally, revenue generated from rentals contributes to preserving and maintaining the Historic White Home. All rental activities shall comply with IRS regulations to ensure that income qualifies as exempt from unrelated business income tax (UBIT), including adherence to exemptions for passive rental income and limitations on non-rental services.

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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 (2024)

Revenue Breakdown

Contributions & Grants $144,336

Program Service Revenue $58,844

Investment Income $3,017

Other Revenue $35,116

TOTAL REVENUE $241,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,262

Fundraising Expenses $15,319

Program Expenses $220,700

Other Expenses $197,667

TOTAL EXPENSES $283,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,313	$177,177	+0.4%
Expenses	$283,929	$214,154	+0.3%
Net Income	$-42,616	$-36,977	+0.2%

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

N/A

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

$62,120

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nelson Wright	Board Member	1.00	Director	$0	$0	$0
Claude Close	Chairman	3.00	Officer Director	$0	$0	$0
Sally Baker	Treasurer	3.00	Officer Director	$0	$0	$0
Rick Bridges	Board Member	1.00	Director	$0	$0	$0
Wes Climer	Board Member	1.00	Director	$0	$0	$0
Joel Hamilton	Vice Chair	3.00	Officer Director	$0	$0	$0
Harrison Dixon	Board Member	1.00	Director	$0	$0	$0
Stephen Turner	Board Member	3.00	Director	$0	$0	$0
Heath Sessions	Board Member	1.00	Director	$0	$0	$0
Dontavius Williams	Secretary	1.00	Officer Director	$0	$0	$0
Walter Hardin	Board Member	1.00	Director	$0	$0	$0
Theresa Quandt	Board Member	1.00	Director	$0	$0	$0
Jennifer Sandler	Executive Director	40.00	Officer	$60,324	$1,796	$62,120

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	$241,313	$283,929	$1,489,361	$-42,616
2023	$177,177	$214,154	$1,516,352	$-36,977
2022	$248,055	$233,511	$1,532,935	$14,544
2021	$169,454	$179,443	$1,554,181	$-9,989
2020	$126,654	$147,870	$1,527,567	$-21,216
2019	$160,872	$212,731	$1,535,299	$-51,859
2018	$272,260	$229,885	$1,568,701	$42,375