PUBLIC FACILITIES FOR THE CITY OF ROCK HILL (EIN 921633262) - 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

2023

Legal Domicile

Principal Officer

DAVID B VEHAUN

Phone

8033298764

Tax Period

2023-07-01 to 2024-06-30

PUBLIC FACILITIES FOR THE CITY OF ROCK HILL, founded in 2023, is a micro nonprofit in the Community Improvement sector that reported $82K in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 1281% operating deficit.

Mission

ASSISTING THE CITY OF ROCK HILL, SC BY ACQUIRING, DEVELOPING, SELLING, DONATING, CONTRIBUTING, OWNING, OPERATING, LEASING, MANAGING, FINANCING OR REFINANCING REAL PROPERTY AND IMPROVEMENTS THEREON IN THE CITY, FOR THE BENEFIT OF THE CITY, ITS CITIZENS AND VISITORS, OR BY GRANTING TO THIRD PARTIES RIGHTS OF ACCESS, USE, POSSESSION AND ENJOYMENT OF THE FACILITIES, FOR THE PURPOSE OF CONSTRUCTING, OPERATING, OCCUPYINGS, FINANCING, REFINANCING, OR MANAGING SUCH FACILITIES, OR ANY PORTION THEREOF, FOR THE BENEFIT OF THE CITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $82,356

Other Revenue $0

TOTAL REVENUE $82,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,137,359

Other Expenses $1,137,359

TOTAL EXPENSES $1,137,359

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,356	$43,516	+0.9%
Expenses	$1,137,359	$404,669	+1.8%
Net Income	$-1,055,003	$-361,153	+1.9%

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

N/A

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

$927,503

Total Directors

$927,503

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID B VEHAUN	PRESIDENT	2.00	Officer Director	$0	$81,411	$382,136
STEVEN GIBSON	VICE PRESIDE	2.00	Officer Director	$0	$78,837	$334,155
ANNE P HARTY	SECRETARY/TR	2.00	Officer Director	$0	$36,368	$211,212

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	$82,356	$1,137,359	$24,253,844	$-1,055,003
2023	$43,516	$404,669	$25,308,847	$-361,153

PUBLIC FACILITIES FOR THE CITY OF ROCK HILL