CITY OF FLORENCE PUBLIC FACILITIES CORPORATION (EIN 823357924) - 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

2017

Legal Domicile

Phone

8436653162

Tax Period

2024-07-01 to 2025-06-30

CITY OF FLORENCE PUBLIC FACILITIES CORPORATION, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $3.5M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO FINANCE, CONSTRUCT, AND RENOVATE PUBLIC FACILITIES IN THE CITY OF FLORENCE, SOUTH CAROLINA.

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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 $0

Program Service Revenue $2,966,701

Investment Income $85,964

Other Revenue $0

TOTAL REVENUE $3,052,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,543,572

Other Expenses $3,543,572

TOTAL EXPENSES $3,543,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,052,665	$2,411,666	+0.3%
Expenses	$3,543,572	$8,727,605	-0.6%
Net Income	$-490,907	$-6,315,939	-0.9%

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

N/A

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

$553,672

Total Directors

$553,672

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Glenn A Bodenheimer	Secretary/Treasurer From 7/13/2025	1.0	Officer Director	$0	$6,890	$101,583
JAMES CLINT MOORE	VICE-PRESIDENT	1.0	Officer Director	$0	$11,262	$130,847
Kevin Rawlinson	Secretary/Treasurer To 6/13/2025	1.0	Officer Director	$0	$0	$88,392
SCOTTY DAVIS	PRESIDENT	1.0	Officer Director	$0	$18,935	$232,850

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	$3,052,665	$3,543,572	$3,769,744	$-490,907
2024	$2,411,666	$8,727,605	$4,213,389	$-6,315,939
2023	$2,312,137	$3,709,402	$13,244,238	$-1,397,265
2022	$2,366,985	$17,143,018	$18,928,313	$-14,776,033
2021	$913,401	$5,962,564	$33,344,228	$-5,049,163
2020	$607,066	$1,093,247	$11,688,303	$-486,181
2019	$761,088	$2,453,831	$12,668,309	$-1,692,743

CITY OF FLORENCE PUBLIC FACILITIES CORPORATION