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.
The Foundation's purpose is to provide financial support for Spartanburg Regional Healthcare System (SRHS). The Foundation promotes health by funding specific projects that benefit the wellbeing of the community in accordance with donor-imposed restrictions. The Foundation also awards grants to SRHS and other community organizations whose focus is health and wellness.
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.