Palmetto Promise Institute (EIN 263077338) - 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

Principal Officer

Wendy Damron

Tax Period

2025-01-01 to 2025-12-31

Palmetto Promise Institute is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2025. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 58% operating deficit.

Mission

The Palmetto Promise Institute is a non partisan nonprofit educational organization dedicated to educating the public and enhancing the public good. The organization provides research, analysis, and publications on issues that affect the common good

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,077,996

Program Service Revenue $0

Investment Income $26,128

Other Revenue $1,236

TOTAL REVENUE $1,105,360

Expense Breakdown

Grants Paid $973,042

Salaries & Benefits $534,404

Fundraising Expenses $150,713

Program Expenses $1,459,727

Other Expenses $237,055

TOTAL EXPENSES $1,744,501

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,105,360	$3,296,721	-0.7%
Expenses	$1,744,501	$1,708,169	+0.0%
Net Income	$-639,141	$1,588,552	-1.4%

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

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

$130,000

Total Directors

$268,846

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Oran Smith	Senior Fellow	40.00	Director	$138,846	$0	$138,846
Wendy Damron	President	40.00	Officer Director	$130,000	$0	$130,000
Jeff Yelton	Secretary	1.00	Officer Director	$0	$0	$0
Jim DeMint	Founding Chair	1.00	Officer Director	$0	$0	$0
Dan Adams	Imm Past Chair	1.00	Officer Director	$0	$0	$0
Louie L Cason Jr	Director	1.00	Director	$0	$0	$0
Stewart Rodman	Vice Chair	1.00	Officer Director	$0	$0	$0
Van Hipp	Director	1.00	Director	$0	$0	$0
Rick Timmons	Director	1.00	Director	$0	$0	$0
Phil Hughes	Chairman	1.00	Officer Director	$0	$0	$0
Richard Gilder III	Director	1.00	Director	$0	$0	$0
Barry Wynn	Director	1.00	Director	$0	$0	$0
Luanne Zurlo	Director	1.00	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	$1,105,360	$1,744,501	$1,297,759	$-639,141
2024	$3,296,721	$1,708,169	$1,947,175	$1,588,552
2023	$640,125	$530,245	$345,675	$109,880
2022	$597,131	$669,588	$230,611	$-72,457
2021	$465,796	$528,153	$291,616	$-62,357
2020	$560,359	$544,390	$319,900	$15,969
2019	$645,195	$538,459	$324,744	$106,736
2018	$560,539	$505,612	$204,742	$54,927

Palmetto Promise Institute