Leroy Springs & Company Inc

Nonprofit profile at a glance

EIN
570344121
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Fort Mill, SC, USA
Phone
8035471000
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Physical Fitness and Community Recreational Facilities

Official website

Reported finances

Revenue
$24,121,610
Expenses
$23,216,848
Assets
$112,172,607
Liabilities
$3,255,202

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • R Alexander Sullivan (Vice President & Secretary)
  • D Peyton Worley (Vice President & Treasurer)
  • John Gordon (President & CEO)
  • Cheryl P Gall (Vice President, Human Reso)
  • Lindsey Arnautovic (Vice President, Operations)

Highest reported compensation

  • John Gordon (President & CEO): $314,313 total reported compensation
  • Deborah L Kiggans (CFO): $214,823 total reported compensation
  • Cal Williams (Director of Golf): $156,055 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Corporation, effectively lessening the burdens of government, provides and operates facilities and open space in order to promote the physical and mental health and wellness of the community and foster positive community values. Its high quality, affordable programs provide opportunities for all to enjoy recreational, educational, and community activities, while preserving and interpreting local history and encouraging environmental stewardship. Though we expect our programs to most benefit the inhabitants of Fort Mill Township and Lancaster and Chester counties, we welcome all to enjoy our facilities and programs.

What it reported doing in 2024

Leroy Springs & Company, Inc. was incorporated on November 10, 1938, under the laws of the state of South Carolina as an eleemosynary corporation. The Corporation, effectively lessening the burdens of government, provides and operates facilities and open space in order to promote the physical and mental health and wellness of the community and foster positive community values. Its high quality, affordable programs provide opportunities for all to enjoy recreational, educational, and community activities, while preserving and interpreting local history and encouraging environmental stewardship. Though we expect our programs to mostly benefit the inhabitants of Fort Mill Township and Lancaster and Chester counties, we welcome all to enjoy our facilities and programs.Summary of Participation in Activities=============================================================Anne Springs Close GreenwayAttendance 290,127 (includes hiking, trail running, mountain biking, equestrian activities, dog walking, kayaking, fishing, camping, picnics, community events, education and recreation programs, camps, and facility rental participation)Anne Springs Close GreenwayHiking 132,871Dog Park 32,933Dog Walking 26,735Youth Program 34,609Biking 11,382Other 23,701Greenway Canteen 13,140Children's Farm & Stables 11,391Community Garden 1,109Day Riding 595Fishing 1,240Photography 421FLYERS Afterschool program (January - May) - 784 Average Kids Per DayFLYERS Afterschool program (August - December) 812 Average Kids Per DayAfterschool on the Greenway (January - May) 81 Average Kids Per DayAfterschool on the Greenway (August - December) - 93 Average Kids Per DayASCG Nature Based Preschool (January - May) 51 Average Kids Per DayASCG Nature Based Preschool (August - December) 55 Average Kids Per DayASCG Summer Camp - 2,816FLYERS Summer Camp 2,9842024 Golf RoundsFort Mill Golf Club 60,196Springfield Golf Club 50,578Lancaster Golf Club 35,788Chester Golf Club 42,427

Operating model

Revenue model
Earned-program. 92% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 76
  • Accountability: 83
  • Sustainability: 64
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93%; rating input score 93
  • Program expense ratio: 85.7%; rating input score 86
  • Fundraising efficiency: $2.28 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 17th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 85.7%; rating input score 86; 19th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 3.8%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 4.83; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 87; 87th percentile among comparable filings
  • Officer compensation ratio: 5.2%; rating input score 49; 49th percentile among comparable filings

Growth

  • Program expense growth: -0.8% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: -1.5% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 4% per year; rating input score 100; 29th percentile among comparable filings

Details

  • Where the money goes: 93% of revenue deployed · 85.7% of spending went to programs
  • Governance: 6 of 7 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $19.9M in reported program spending
  • Leadership: top reported pay $314K · 14 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $892K reported
  • Consistency: 36 of 37 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 8/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 49/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 49/100.