DOWNTOWN PARTNERSHIP COMMITTEE NONPROFIT CORPORATION

EIN: 852032503 501(c)(3) Public & Societal Benefit

SPARTANBURG, SC

Total Revenue
$1,690,616
Total Expenses
$107,982
Total Assets
$5,917,438
Net Assets
$5,901,447
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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
SC
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 FURTHER ECONOMIC DEVELOPMENT IN THE CITY AND COUNTY OF SPARTANBURG THROUGH A COLLABORATIVE EFFORT OF REPRESENTATIVES FROM BOTH SPARTANBURG CITY COUNCIL AND SPARTANBURG COUNTY COUNCIL

Program Service Accomplishments

Program 1
Expenses: $106,632 Revenue: $1,648,616

THE ORGANIZATION EXISTS TO ASSIST THE CITY AND COUNTY OF SPARTANBURG WITH VARIOUS DEVELOPMENT PROJECTS FOR THE BENEFIT OF THE CITY AND ITS CITIZENS. THIS INCLUDES ASSISTING THE CITY AND COUNTY BY...

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THE ORGANIZATION EXISTS TO ASSIST THE CITY AND COUNTY OF SPARTANBURG WITH VARIOUS DEVELOPMENT PROJECTS FOR THE BENEFIT OF THE CITY AND ITS CITIZENS. THIS INCLUDES ASSISTING THE CITY AND COUNTY BY OVERSEEING THE ADMINISTRATION OF ECONOMIC DEVELOPMENT PARTNERSHIP FUNDS.

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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 (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

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Governance

Voting Members
5
Independent Members
2
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
$534,349
Total Directors
5
$36,042
Key Employees
0
$0
Highest Compensated
0
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
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