SouthPark Community Partners Inc

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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

Principal Officer

R CHRISTOPHER THOMAS

Tax Period

2024-07-01 to 2025-06-30

SouthPark Community Partners Inc, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO FURTHER MANAGE AND OPERATE THE MUNICIPAL SERVICE DISTRICT THAT INCLUDES THE SOUTHPARK COMMERICAL DISTRICT IN CHARLOTTE, NORTH CAROLINA AND FOR THE PROMOTION OF THE SOCIAL WELFARE IN THAT AREA.

Program Service Accomplishments

Program 1

Expenses: $1,977,861 Revenue: $1,944,232

SouthPark Community Partners (SCP) is an independent nonprofit organization formed in July 2022 whose mission is to lead advancement in the SouthPark area of Charlotte, North Carolina by driving...

SouthPark Community Partners (SCP) is an independent nonprofit organization formed in July 2022 whose mission is to lead advancement in the SouthPark area of Charlotte, North Carolina by driving economic vitality, creating memorable experiences, and ensuring an extraordinary quality of life. SCP provides professional management of the SouthPark Municipal Service District (MSD-6) through an annual contract with the City of Charlotte, North Carolina. MSD-6 was created by a unanimous vote of the Charlotte City Council in 2022. SCPs annual program of work includes advocacy, community development, economic development, marketing and events, placemaking, and urban planning. SCP is governed under North Carolinas municipal service district statute and by an independent board of directors that provides oversight and leadership on behalf of SouthPark and Charlotte stakeholders.

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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 $79,206

Program Service Revenue $1,944,232

Investment Income $15,992

Other Revenue $784

TOTAL REVENUE $2,040,214

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $667,725

Fundraising Expenses $73,793

Program Expenses $1,977,861

Other Expenses $1,538,643

TOTAL EXPENSES $2,236,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,040,214	$1,879,455	+0.1%
Expenses	$2,236,368	$1,619,124	+0.4%
Net Income	$-196,154	$260,331	-1.8%

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

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

$247,104

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM RHEW	President & CEO	50.00	Officer	$241,488	$5,616	$247,104
Elizabeth Sirkin Hill	Chief Strategy Officer	50.00		$193,440	$4,680	$198,120
Madeline Chase	VP of Marketing & Experience	50.00		$102,000	$2,400	$104,400
R CHRISTOPHER THOMAS	Chairman	2.00	Officer Director	$0	$0	$0
RANDALL THOMAS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT AULEBACH	Treasurer	1.00	Officer Director	$0	$0	$0
JONATHAN POLKING	Ex Officio	1.00	Director	$0	$0	$0
BILL BARTEE	Director	1.00	Director	$0	$0	$0
TODD COLLINS	Director	1.00	Director	$0	$0	$0
SHELLY DOMENECH	Director	1.00	Director	$0	$0	$0
RICHIE FAULKENBERRY	Director	1.00	Director	$0	$0	$0
LESLIE FISHER	Secretary	1.00	Officer Director	$0	$0	$0
THAD MOORE	Director	1.00	Director	$0	$0	$0
JESSICA ROSSI	Director	1.00	Director	$0	$0	$0
GARETH SCOTT	Director	1.00	Director	$0	$0	$0
JAMES SCRUGGS	Director	1.00	Director	$0	$0	$0
FRAN WEST	Director	1.00	Director	$0	$0	$0
TED WOLFE	Director	1.00	Director	$0	$0	$0
LAUREN RUSSELL	Director	1.00	Director	$0	$0	$0
DAN HOLMES	Director	1.00	Director	$0	$0	$0
ED MCKINNEY	Director	1.00	Director	$0	$0	$0
NISHITH PATEL	Director	1.00	Director	$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
2025	$2,040,214	$2,236,368	$723,181	$-196,154
2024	$1,879,455	$1,619,124	$973,372	$260,331
2023	$1,363,952	$752,768	$688,298	$611,184