PALMETTO PARTNERS FOR SCIENCE

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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

1991

Legal Domicile

Principal Officer

JAMES R COUCH MD

Phone

8036297642

Tax Period

2024-01-01 to 2024-12-31

PALMETTO PARTNERS FOR SCIENCE, founded in 1991, is a small nonprofit in the Education sector that reported $125K in total revenue in fiscal year 2024. The organization ran a surplus of $27K, a strong 22% operating margin.

Mission

EDUCATIONAL STEM AND AI

Program Service Accomplishments

Program 1

Expenses: $92,311

STATE AND REGIONAL ROBOTIC CHAMPIONSHIPS FOR VEX AND FIRST. STUDENTS BUILD ROBOTS AND TEAMS OF STUDENTS MUST PROGRAM THE ROBOTS TO ACCOMPLISH TASKS IN A TIMED EVENT. FIRST CHAMPIONSHIP LARGEST...

STATE AND REGIONAL ROBOTIC CHAMPIONSHIPS FOR VEX AND FIRST. STUDENTS BUILD ROBOTS AND TEAMS OF STUDENTS MUST PROGRAM THE ROBOTS TO ACCOMPLISH TASKS IN A TIMED EVENT. FIRST CHAMPIONSHIP LARGEST EXEPNSE IS THE CONVENTION CENTER. ALL STUDENTS IN SC ARE ELIGIBLE GRANTS TO SCHOOLS TO BUY ROBOTICS KITS AND FIELDS FOR COMPETITION. ROBOTICS FROM ELEMENTARY THROUGH HIGH SCHOOL. VWX ROBOTICS HAS GROWN 22% OVER THE PREVIOUS YEAR. WE STARTED THE PROGRAM IN SC AND CONTINUE TO GROW THE PROGRAM.

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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 $125,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $125,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,311

Other Expenses $97,964

TOTAL EXPENSES $97,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,000	N/A	N/A
Expenses	$97,964	N/A	N/A
Net Income	$27,036	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES R COUCH	CHARIMAN OF THE BOARD	2.00	Officer	$0	$0	$0
FRANK MOBLEY	PRESIDENT OF IMMEDIATION	2.00	Officer	$0	$0	$0
CAMILLA HERTWIG	SECRETARY TREASURER	2.00	Officer	$0	$0	$0
JOHN BARNES	EXECUTIVE VICE PRESIDENT	2.00	Officer	$0	$0	$0
GREG HUMPHREY	PRESIDENT PALMETTO NET	2.00	Officer	$0	$0	$0
KRIS BUSCH	VICE PRESIDENT BAE SYSTEMS	2.00	Officer	$0	$0	$0
CASEY WELCH	PRESIDENT OF STEM PREMIER	2.00	Officer	$0	$0	$0
JIM BRYANT	COLLEGE PROFESSOR	2.00	Officer	$0	$0	$0
DWIGHT LOFTIS	SENATOR	2.00	Officer	$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	No data	No data	No data	No data
2024	$125,000	$97,964	$447,760	$27,036
2023	$5,442	$110,547	$420,724	$-105,105
2022	$157,899	$14,226	$525,829	$143,673