Spartanburg, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Spartanburg Regional Healthcare System Foundation, founded in 1991, is a mid-sized nonprofit in the Health Care sector that reported $13.1M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 22% operating margin.
To generate philanthropic support to advance health.
Through grants and contributions from donors, Spartanburg Regional Foundation supports the health and wellbeing of the community. In FY25, the Foundation provided funding for more than 70 projects...
Through grants and contributions from donors, Spartanburg Regional Foundation supports the health and wellbeing of the community. In FY25, the Foundation provided funding for more than 70 projects that promote health in accordance with donor designations. A small sample of the accomplishments achieved with these funds include: 1. Supported cancer research programs and purchase of cancer screening equipment. 2. Provided financial assistance to patients through various funds for help with prescriptions, medical equipment, education, and other needs while undergoing treatment. 3. Convened community partners to begin implementation of a comprehensive, community-wide behavioral health plan.
Spartanburg Regional Foundation awards grants to areas of Spartanburg Regional Healthcare System from its unrestricted funds through an annual grant cycle. Just a few of the areas funded include: 1...
Spartanburg Regional Foundation awards grants to areas of Spartanburg Regional Healthcare System from its unrestricted funds through an annual grant cycle. Just a few of the areas funded include: 1. Funding the culinary medicine program and teaching kitchen 2. Supporting initiatives to advance the patience experience through compassionate connected care. 3. Funding medication safety and education initiatives for patients
Spartanburg Regional Foundation makes an impact on community health in the upstate of South Carolina by awarding grants to local nonprofit organizations. In FY25, The Foundation funded 13 community...
Spartanburg Regional Foundation makes an impact on community health in the upstate of South Carolina by awarding grants to local nonprofit organizations. In FY25, The Foundation funded 13 community grants providing operational support to organizations that provide care to patients in Spartanburg, Cherokee, and Union Counties. The Foundation also continued its support for the Movement 2030 initiative.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $13,136,293 | $10,510,190 | +0.2% |
| Expenses | $10,206,672 | $7,986,363 | +0.3% |
| Net Income | $2,929,621 | $2,523,827 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Eliot Stone | Vice Chair | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Jon A Jensen | Immediate Past Chair | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Rita Allison | Secretary/Treasurer | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Sally Spencer | Chair | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Andrew Falatok | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Elizabeth Fleming | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Elizabeth Young | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Frankie Harris | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Heather Allen | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Marjorie Boafo Appiah | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Mary Jane Jennings | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Peter Moore | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Prema Samhat | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Robert Flandry | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Russell Booker | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| T Alexander Evins | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| David Church | President (Retired 12/31/24) | 40.0 |
Officer
|
$342,557 | $89,757 | $432,314 |
| Polly Edwards-Padgett | Executive Director | 40.0 |
Officer
|
$148,818 | $21,471 | $170,289 |
| Amanda Herin | Senior Director of Operations | 40.0 |
Highest
|
$126,581 | $25,428 | $152,009 |
| Shelly Sinclair | Senior Director of Philanthropy | 40.0 |
Highest
|
$124,664 | $16,498 | $141,162 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $13,136,293 | $10,206,672 | $67,379,862 | $2,929,621 |
| 2024 | $10,510,190 | $7,986,363 | $62,310,378 | $2,523,827 |
| 2023 | $9,375,394 | $8,997,468 | $52,604,446 | $377,926 |
| 2022 | $9,433,693 | $12,216,090 | $49,277,778 | $-2,782,397 |
| 2021 | $11,166,446 | $10,875,369 | $61,062,133 | $291,077 |
| 2020 | $7,929,805 | $9,829,489 | $55,341,909 | $-1,899,684 |
| 2019 | $8,988,841 | $5,868,802 | $55,371,235 | $3,120,039 |
| 2018 | $10,773,400 | $11,643,939 | $51,846,094 | $-870,539 |
Compare Spartanburg Regional Healthcare System Foundation with other nonprofits in South Carolina and across the country.