Fort Mill Economic Partners

EIN: 651251088 501(c)(3) Arts, Culture & Humanities

Fort Mill, SC

Total Revenue
$140,477
Total Expenses
$199,521
Total Assets
$160,385
Net Assets
$157,155
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
SC
Principal Officer
Adam Ackerman
Phone
8032652627
Tax Period
2024-01-01 to 2024-12-31

Fort Mill Economic Partners, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $140K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $200K exceeded revenue, resulting in a 42% operating deficit.

Mission

FMEP exists to improve the economic and social well-being of Fort Mill by building local wealth, diversifying the local economy, attracting and retaining quality jobs, identifying business-friendly resources, and advancing quality-of-life opportunities to ensure a thriving community for both life and work.

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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 (2024)

Revenue Breakdown

Contributions & Grants $78,318
Program Service Revenue $55,787
Investment Income $6,372
Other Revenue $0
TOTAL REVENUE $140,477

Expense Breakdown

Grants Paid $0
Salaries & Benefits $50,793
Fundraising Expenses $0
Program Expenses $131,930
Other Expenses $148,728
TOTAL EXPENSES $199,521

Year-over-Year Comparison

2024 2023 Change
Revenue $140,477 $221,807 -0.4%
Expenses $199,521 $116,850 +0.7%
Net Income $-59,044 $104,957 -1.6%
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
20
Independent Members
20
Employees
2
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
4
$0
Total Directors
21
$45,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Buist Member 1.00
Director
$0 $0 $0
Elizabeth Bowers Chairperson 4.00
Officer Director
$0 $0 $0
Adam Ackerman Vice Chairperson 4.00
Officer Director
$0 $0 $0
Dr Chuck Epps Member 1.00
Director
$0 $0 $0
Marc Howie Member 1.00
Director
$0 $0 $0
Jan Martin Treasurer 1.00
Officer Director
$0 $0 $0
Stephen Overcash Member 1.00
Director
$0 $0 $0
Nicholas Moellman Member 1.00
Director
$0 $0 $0
William Reigel Member 1.00
Director
$0 $0 $0
Patrick White Member 1.00
Director
$0 $0 $0
Chris Wolfe Member 1.00
Director
$0 $0 $0
Jennifer McCallum Member 1.00
Director
$0 $0 $0
Renee Miller Member 1.00
Director
$0 $0 $0
Alexis Harder Secretary 1.00
Officer Director
$0 $0 $0
Chris Mitchell Member 1.00
Director
$0 $0 $0
Tyson Blanton Member 1.00
Director
$0 $0 $0
Mark Pursley Member 1.00
Director
$0 $0 $0
Dan Mummey Member 1.00
Director
$0 $0 $0
Scott Reinhardt Member 1.00
Director
$0 $0 $0
Mariah Price Executive Director 30.00
Director
$45,000 $0 $45,000
Sarah Adkins Member 1.00
Director
$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 No data No data No data No data
2024 $140,477 $199,521 $160,385 $-59,044
2023 $221,807 $116,850 $216,199 $104,957
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