Upstate Preservation Trust (EIN 852706026) - 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

2022

Legal Domicile

Phone

8643202083

Tax Period

2024-01-01 to 2024-12-31

Upstate Preservation Trust, founded in 2022, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 1355% from the prior year, signaling strong growth momentum. The organization ran a surplus of $250K, a strong 17% operating margin.

Mission

The mission of the Upstate Preservation Trust is to preserve and protect the historic fabric of the Upstate of South Carolina. The organization was developed out of an urgent need to help protect the large quantity of buildings that are being demolished due to intense development pressure in our region of South Carolina. As an organization we have identified education community engagement and stewardship as three key areas that we believe are important to accomplishing our mission of preserving the historic spaces of the Upstate.

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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 $1,457,400

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,457,400

Expense Breakdown

Grants Paid $1,205,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,207,500

Other Expenses $2,366

TOTAL EXPENSES $1,207,366

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,457,400	$100,155	+13.6%
Expenses	$1,207,366	$8,961	+133.7%
Net Income	$250,034	$91,194	+1.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lindsey Strand	Chair	10.00	Officer	$0	$0	$0
Lilah Westmoreland	Treasurer	10.00	Officer	$0	$0	$0
Samuel Hayes	Vice Chair	10.00	Officer	$0	$0	$0
Lillian Boatright	Secretary	5.00	Officer	$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
2024	$1,457,400	$1,207,366	$249,932	$250,034

Upstate Preservation Trust