SPARTANBURG RECREATIONAL FACILITIES CORPORATION

EIN: 943458625 501(c)(3) Community Improvement

SPARTANBURG, SC

Total Revenue
$765,104
Total Expenses
$1,212,981
Total Assets
$15,794,321
Net Assets
$-494,726
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
SC
Principal Officer
CHRIS STORY
Phone
8645962059
Tax Period
2024-07-01 to 2025-06-30

SPARTANBURG RECREATIONAL FACILITIES CORPORATION, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $765K in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 59% operating deficit.

Mission

TO ASSIST THE CITY OF SPARTANBURG WITH RECREATIONAL FACILITIES IN THE CITY FOR THE USE AND BENEFIT OF THE CITY AND ITS CITIZENS, AND TO OTHERWISE TAKE SUCH ACTION AS MAY ASSIST THE CITY AS PERMITTED BY APPLICABLE LAW.

Program Service Accomplishments

Program 1
Expenses: $1,201,981 Revenue: $765,104

DURING FY25, THE CORPORATION CONTINUED TO MANAGE THE T.K. GREGG COMMUNITY CENTER ON BEHALF OF THE CITY OF SPARTANBURG.

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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 $0
Program Service Revenue $765,104
Investment Income $0
Other Revenue $0
TOTAL REVENUE $765,104

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,201,981
Other Expenses $1,212,981
TOTAL EXPENSES $1,212,981

Year-over-Year Comparison

2024 2023 Change
Revenue $765,104 $774,388 0.0%
Expenses $1,212,981 $1,207,931 +0.0%
Net Income $-447,877 $-433,543 +0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
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
3
$593,119
Total Directors
3
$593,119
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS STORY PRESIDENT 0.20
Officer Director
$0 $51,020 $255,468
MITCH KENNEDY VICE PRESIDE 0.20
Officer Director
$0 $41,166 $193,831
DENNIS LOCKE SECRETARY/TR 1.00
Officer Director
$0 $31,813 $143,820
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 $765,104 $1,212,981 $15,794,321 $-447,877
2024 $774,388 $1,207,931 $16,948,578 $-433,543
2023 $783,466 $1,200,830 $18,087,786 $-417,364
2022 $792,339 $1,165,375 $19,183,284 $-373,036
2021 $801,013 $1,232,274 $20,315,631 $-431,261
2020 $2,645,138 $1,036,783 $23,717,849 $1,608,355
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