CITY OF ANDERSON PUBLIC FACILITIES CORPORATION

EIN: 844794483 501(c)(3) Public & Societal Benefit

ANDERSON, SC

Total Revenue
$485,588
Total Expenses
$457,209
Total Assets
$9,649,282
Net Assets
$4,002,282
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
SC
Principal Officer
DAVID MCCUEN IV
Phone
8642312203
Tax Period
2024-07-01 to 2025-06-30

CITY OF ANDERSON PUBLIC FACILITIES CORPORATION, founded in 2020, is a small nonprofit in the Public & Societal Benefit sector that reported $486K in total revenue in fiscal year 2024. Expenses of $457K left a modest 6% surplus.

Mission

CITY OF ANDERSON PUBLIC FACILITIES CORPORATION WAS ESTABLISHED TO ASSIST THE CITY OF ANDERSON WITH THE FINANCING OF THE CONSTRUCTION OF A MUNICIPAL PARKING GARAGE.

Program Service Accomplishments

Program 1
Expenses: $457,209 Revenue: $485,196

THE CORPORATION WAS ESTABLISHED TO ASSIST THE CITY OF ANDERSON WITH THE FINANCING OF THE CONSTRUCTION OF A MUNICIPAL PARKING GARAGE. CONSTRUCTION WAS COMPLETED IN 2023. THE CORPORATION HAS AN...

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THE CORPORATION WAS ESTABLISHED TO ASSIST THE CITY OF ANDERSON WITH THE FINANCING OF THE CONSTRUCTION OF A MUNICIPAL PARKING GARAGE. CONSTRUCTION WAS COMPLETED IN 2023. THE CORPORATION HAS AN AGREEMENT WITH THE CITY THAT PROVIDES FOR PAYMENTS TO BE MADE BY THE CITY THAT INCLUDE DEBT SERVICE OF THE TAXABLE BOND ISSUE USED TO HELP DEFRAY THE COSTS OF THE PROJECT AND PAYMENTS TOWARDS ACQUISITION OF THE PROJECT BY THE CITY.

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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 $0
Program Service Revenue $485,196
Investment Income $392
Other Revenue $0
TOTAL REVENUE $485,588

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $457,209
Other Expenses $457,209
TOTAL EXPENSES $457,209

Year-over-Year Comparison

2024 2023 Change
Revenue $485,588 $485,011 +0.0%
Expenses $457,209 $467,169 0.0%
Net Income $28,379 $17,842 +0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
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
3
$566,537
Total Directors
3
$566,537
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID MCCUEN IV PRESIDENT 0.01
Officer Director
$0 $30,336 $234,665
ANDREW STRICKLAND VICE PRESIDE 0.01
Officer Director
$0 $32,353 $185,988
MARGOT MARTIN SECRETARY/TR 0.25
Officer Director
$0 $19,093 $145,884
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 $485,588 $457,209 $9,649,282 $28,379
2024 $485,011 $467,169 $9,907,903 $17,842
2023 $531,611 $410,836 $10,167,061 $120,775
2022 $1,440,503 $227,949 $10,314,286 $1,212,554
2021 $79 $224,659 $9,361,732 $-224,580
2020 $260 $145,823 $8,218,377 $-145,563
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