SPARTANBURG STADIUM FACILITIES CORPORATION (EIN 992636731) - 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

2024

Legal Domicile

Principal Officer

CHRIS STORY

Phone

8645962119

Tax Period

2024-07-01 to 2025-06-30

SPARTANBURG STADIUM FACILITIES CORPORATION, founded in 2024, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 14111% from the prior year, signaling strong growth momentum. Expenses of $3.5M left a modest 8% surplus.

Mission

THE SPARTANBURG STADIUM FACILITIES CORPORATION (THE CORPORATION) IS INTENDED TO BE AN ON BEHALF ISSUER OF THE CITY OF SPARTANBURG, SOUTH CAROLINA (THE CITY). THE CORPORATION ASSISTS THE CITY BY ACQUIRING, DEVELOPING, SELLING, DONATING, CONTRIBUTING, OWNING, OPERATING, LEASING, MANAGING, FINANCING, OR REFINANCING REAL PROPERTY AND IMPROVEMENTS THEREON IN 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,883,075

Investment Income $1,901,484

Other Revenue $0

TOTAL REVENUE $3,784,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,483,089

Other Expenses $3,483,089

TOTAL EXPENSES $3,483,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,784,559	$26,631	+141.1%
Expenses	$3,483,089	$1,350,000	+1.6%
Net Income	$301,470	$-1,323,369	-1.2%

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

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

$399,288

Total Directors

$399,288

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS STORY	PRESIDENT	0.05	Officer Director	$0	$51,020	$255,468
DENNIS LOCKE	SECRETARY/TR	0.25	Officer Director	$0	$31,813	$143,820
COLE ALVERSON	VICE PRESIDE	0.05	Officer 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	$3,784,559	$3,483,089	$65,344,851	$301,470
2024	$26,631	$1,350,000	$62,496,631	$-1,323,369

SPARTANBURG STADIUM FACILITIES CORPORATION