Old Town Association
Nonprofit profile at a glance
- EIN
- 204403270
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Rock Hill, SC, USA
- Phone
- 8033297090
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $792,430
- Expenses
- $587,039
- Assets
- $337,431
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
18 people listed
People named in this filing
- ELSSY CARPENTER (EXECUTIVE DI)
- SAMANTHA GREEN (SECRETARY)
- WILLIAM DRINNON (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization is a citizens-based group committed to the sustained redevelopment of the city of rock hill's downtown area. The primary purposes of the organization are: promote downtown through marketing, promotions and special events; promote communication and cooperation between parties having an interest in downtown; foster a sense of community interest in downtown; provide a forum where people can bring specific concerns for discussion, receive reliable information, and support for legitimate causes; furnish a connecting link between the downtown master plan and local government, businesses, citizens and non-profit groups who have a stake in the success of the area; implement the goals and strategies outlined in the downtown master plan.
What it reported doing in 2025
Promote downtown through marketing, promotions and special events; promote communication and cooperation between parties having an interest in downtown; foster a sense of community interest in downtown; provide a forum where people can bring specific concerns for discussion, receive reliable information, and support for legitimate causes; furnish a connecting link between the downtown master plan and local government, businesses, citizens and non-profit groups who have a stake in the success of the area; implement the goals and strategies outlined in the downtown master plan.
Operating model
- Revenue model
- Grant-funded. 71% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 92% 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.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 84
- Accountability: 82
- Sustainability: 64
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.6%; rating input score 70
- Program expense ratio: 93.9%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 7th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 81.9%; rating input score 82; 39th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 25.9%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 0.57; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 88; 88th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: 0.9% per year; rating input score 100; 18th percentile among comparable filings
- Revenue growth: 3.3% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: 6.3% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: 69.6% of revenue deployed · 93.9% of spending went to programs
- Governance: 15 of 15 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $551K in reported program spending
- Leadership: top reported pay $0 · 18 people listed
- Consistency: 19 of 20 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 2 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.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.