DOWNTOWN PARTNERSHIP COMMITTEE NONPROFIT CORPORATION (EIN 852032503) - 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

2020

Legal Domicile

Principal Officer

CHRIS STORY

Phone

8645962119

Tax Period

2022-07-01 to 2023-06-30

DOWNTOWN PARTNERSHIP COMMITTEE NONPROFIT CORPORATION, founded in 2020, is a community nonprofit in the Public & Societal Benefit sector that reported $1.7M in total revenue in fiscal year 2022. The organization ran a surplus of $1.6M, a strong 94% operating margin.

Mission

TO ASSIST THE CITY AND COUNTY OF SPARTANBURG WITH DEVELOPMENT PROJECTS

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,648,616

Investment Income $0

Other Revenue $42,000

TOTAL REVENUE $1,690,616

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,632

Other Expenses $107,982

TOTAL EXPENSES $107,982

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,690,616	$1,566,910	+0.1%
Expenses	$107,982	$126,705	-0.1%
Net Income	$1,582,634	$1,440,205	+0.1%

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

$534,349

Total Directors

$36,042

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS STORY	PRESIDENT	0.10	Officer	$0	$44,467	$225,680
MITCH KENNEDY	SECRETARY/TR	0.10	Officer	$0	$33,419	$164,446
DENNIS LOCKE	DIRECTOR OF	0.10	Officer	$0	$30,694	$144,223
DAVID BRITT	DIRECTOR	0.10	Director	$0	$0	$0
ERICA BROWN	DIRECTOR	0.10	Director	$0	$0	$9,995
JAMIE FULMER	DIRECTOR	0.10	Director	$0	$0	$6,324
MANNING LYNCH	DIRECTOR	0.10	Director	$0	$0	$0
JEROME RICE	DIRECTOR	0.10	Director	$0	$0	$19,723

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	No data	No data	No data	No data
2023	$1,690,616	$107,982	$5,917,438	$1,582,634
2022	$1,566,910	$126,705	$4,326,862	$1,440,205
2021	$1,480,564	$60,874	$3,726,348	$1,419,690
2020	$1,458,918	No data	$3,893,484	No data

DOWNTOWN PARTNERSHIP COMMITTEE NONPROFIT CORPORATION