Fort Mill, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Fort Mill Public Facilities Corporation, founded in 2024, is a small nonprofit in the Public & Societal Benefit sector that reported $269K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $5.1M exceeded revenue, resulting in a 1781% operating deficit.
The organization is for the benefit of, to perform the functions of, and to carry out the purposes of the Town of Fort Mill, South Carolina (the "Town"), a political subdivision of the State of South Carolina. More specifically, the Corporation was formed to assist the Town by (a) holding title, owning, financing, leasing, constructing, acquiring, operating, managing, disposing of and providing land, buildings, equipment, and facilities deemed useful for the Town in carrying out the Town's public purposes and (b) performing any other lawful activity deemed useful for the Town in furtherance of the Town's public purposes.
The Corporation's primary activity is to assist the Town by holding title, owning, financing, leasing, constructing, acquiring, operating, managing, disposing of and providing land, buildings...
The Corporation's primary activity is to assist the Town by holding title, owning, financing, leasing, constructing, acquiring, operating, managing, disposing of and providing land, buildings, equipment, and facilities deemed useful for the Town in carrying out the Town's public purposes.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $269,431 | $30,364,866 | -1.0% |
| Expenses | $5,067,674 | $614,670 | +7.2% |
| Net Income | $-4,798,243 | $29,750,196 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Cary Vargo | President | 0.5 |
Officer
Director
|
$0 | $5,870 | $82,961 |
| Daniel Mummey | Vice Chair | 0.5 |
Officer
Director
|
$0 | $0 | $0 |
| David Buist | Secretary/Treasurer | 0.5 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $269,431 | $5,067,674 | $2,051,952 | $-4,798,243 |
| 2024 | $30,364,866 | $614,670 | $29,750,196 | $29,750,196 |
Compare Fort Mill Public Facilities Corporation with other nonprofits in South Carolina and across the country.