Downtown SERTOMA Club of Spartanburg

EIN: 576036769 501(c)(3)

Spartanburg, SC

Total Revenue
$96,473
Total Expenses
$97,346
Total Assets
$21,020
Net Assets
$21,020
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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
1956
Legal Domicile
SC
Principal Officer
Craig R Williams
Phone
8649783811
Tax Period
2023-07-01 to 2024-06-30

Downtown SERTOMA Club of Spartanburg, founded in 1956, is a micro nonprofit that reported $96K in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum.

Mission

Promote general welfare of community and members

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $96,135
Program Service Revenue $0
Investment Income $338
Other Revenue $0
TOTAL REVENUE $96,473

Expense Breakdown

Grants Paid $54,612
Salaries & Benefits $0
Fundraising Expenses $17,212
Program Expenses $80,134
Other Expenses $17,212
TOTAL EXPENSES $97,346

Year-over-Year Comparison

2023 2022 Change
Revenue $96,473 $66,642 +0.4%
Expenses $97,346 $67,900 +0.4%
Net Income $-873 $-1,258 -0.3%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
51

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
George Harakas Secretary 1
Officer
$0 $0 $0
Craig Williams Treasurer 1
Officer
$0 $0 $0
Everett Orr President 0
Officer
$0 $0 $0
Duane Morehead Chairman of Board 0
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
2024 $96,473 $97,346 $21,020 $-873
2023 $66,642 $67,900 $21,893 $-1,258
2023 $66,642 $67,900 $21,893 $-1,258
2023 $66,642 $67,900 $21,893 $-1,258
2022 $48,917 $56,190 $15,878 $-7,273
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