STRATEGIC SPARTANBURG INC

EIN: 883599716 501(c)(3) Community Improvement

SPARTANBURG, SC

Total Revenue
$408,153
Total Expenses
$383,000
Total Assets
$39,719
Net Assets
$39,719
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
SC
Principal Officer
MIDAS HAMPTON
Phone
8645299410
Tax Period
2024-07-01 to 2025-06-30

STRATEGIC SPARTANBURG INC, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $408K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $383K left a modest 6% surplus.

Mission

TO REPORT ON DATA AND ENGAGE THE COMMUNITY IN DIALOGUE AND STRATEGY THAT LEADS TO POSITIVE CHANGE IN SPARTANBURG COUNTY.

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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 $404,164
Program Service Revenue $0
Investment Income $3,989
Other Revenue $0
TOTAL REVENUE $408,153

Expense Breakdown

Grants Paid $0
Salaries & Benefits $253,061
Fundraising Expenses $0
Program Expenses $370,295
Other Expenses $129,939
TOTAL EXPENSES $383,000

Year-over-Year Comparison

2024 2023 Change
Revenue $408,153 $363,040 +0.1%
Expenses $383,000 $202,588 +0.9%
Net Income $25,153 $160,452 -0.8%
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

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Governance

Voting Members
17
Independent Members
17
Employees
5
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
1
$112,613
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLEN SMITH BOARD MEMBER 0.00
Director
$0 $0 $0
ALYSA HANDELSMAN BOARD MEMBER 0.00
Director
$0 $0 $0
CAROLINE ROBERTSON BOARD MEMBER 0.00
Director
$0 $0 $0
CIERRA KELLY BOARD MEMBER 0.00
Director
$0 $0 $0
EARL ALEXANDER BOARD MEMBER 0.00
Director
$0 $0 $0
GLENDA SIMS BOARD MEMBER 0.00
Director
$0 $0 $0
JALISA JORDAN BOARD MEMBER 0.00
Director
$0 $0 $0
MITCH KENNEDY BOARD MEMBER 0.00
Director
$0 $0 $0
MOLLY TALBOT-METZ BOARD MEMBER 0.00
Director
$0 $0 $0
PAIGE STEPHENSON BOARD MEMBER 0.00
Director
$0 $0 $0
PAMELA STEINKE BOARD MEMBER 0.00
Director
$0 $0 $0
POLLY EDWARDS-PADGETT BOARD MEMBER 0.00
Director
$0 $0 $0
R BERNARD WHEELER II BOARD MEMBER 0.00
Director
$0 $0 $0
ROGER WILLIAMS BOARD MEMBER 0.00
Director
$0 $0 $0
RUSSELL BOOKER BOARD MEMBER 0.00
Director
$0 $0 $0
TROY HANNNA BOARD MEMBER 0.00
Director
$0 $0 $0
VICTOR DURRAH BOARD MEMBER 0.00
Director
$0 $0 $0
MIDAS HAMPTON EXECUTIVE DIRECTOR 40.00
Officer
$112,613 $0 $112,613
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 $408,153 $383,000 $39,719 $25,153
2024 $363,040 $202,588 $166,096 $160,452
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