ECONOMIC FUTURES GROUP (EIN 571133433) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

ALLEN SMITH

Phone

8645945000

Tax Period

2024-07-01 to 2025-06-30

ECONOMIC FUTURES GROUP, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 7% surplus.

Mission

TO INCREASE AND ENHANCE ECONOMIC DEVELOPMENT IN SPARTANBURG COUNTY.

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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 $1,630,389

Program Service Revenue $0

Investment Income $23,271

Other Revenue $0

TOTAL REVENUE $1,653,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,331,926

Other Expenses $1,543,534

TOTAL EXPENSES $1,543,534

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,653,660	$1,482,904	+0.1%
Expenses	$1,543,534	$1,893,063	-0.2%
Net Income	$110,126	$-410,159	-1.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL FEISAL	CHAIR	1.00	Director	$0	$0	$0
TODD HORNE	VICE CHAIR - ONESPARTANBUR	1.00	Director	$0	$0	$0
ALEX EVINS	GENERAL COUNSEL	1.00	Director	$0	$0	$0
LINDA HANNON	VICE CHAIR - GOVERNMENTAL	1.00	Director	$0	$0	$0
ETHAN BURROUGHS	VICE CHAIR - ECONOMIC DEVE	1.00	Director	$0	$0	$0
DANIEL CRAIG	VICE CHAIR - INVESTOR RELA	1.00	Director	$0	$0	$0
ANDREW CAJKA	VICE CHAIR - TOURISM	1.00	Director	$0	$0	$0
AVI LAWRENCE	CHAIR ELECT	1.00	Director	$0	$0	$0
RALPH SETTLE	VICE CHAIR - LEADERSHIP	1.00	Director	$0	$0	$0
PONTHEOLLA ABERNATHY	AT LARGE - MEMBER	1.00	Director	$0	$0	$0
WILLIAM GRAY	VICE CHAIR - DOWNTOWN DEVE	1.00	Director	$0	$0	$0
MITCH KENNEDY	AT LARGE - MEMBER	1.00	Director	$0	$0	$0
BENNIE HARRIS	AT LARGE - MEMBER	1.00	Director	$0	$0	$0
DEVIN BIRD	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK KEESE	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRY MCCRAW	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLEN SMITH	PRESIDENT/CEO	40.00	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	$1,653,660	$1,543,534	$3,677,374	$110,126
2024	$1,482,904	$1,893,063	$3,615,772	$-410,159
2023	$1,840,096	$3,089,804	$3,293,301	$-1,249,708
2022	$2,341,919	$2,091,738	$4,397,818	$250,181
2021	$1,796,016	$1,365,760	$4,143,357	$430,256
2020	$1,630,922	$1,341,049	$3,776,159	$289,873
2019	$2,007,440	$1,452,422	$3,425,991	$555,018
2018	$1,858,797	$1,622,448	$2,975,264	$236,349

ECONOMIC FUTURES GROUP