PALMETTO ACADEMY OF LEARNING AND SUCCESS

EIN: 263245679 501(c)(3) Education

MYRTLE BEACH, SC

Total Revenue
$4,092,156
Total Expenses
$4,036,237
Total Assets
$1,540,922
Net Assets
$990,510
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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
2008
Legal Domicile
SC
Principal Officer
COURTNEY DOWDY
Phone
8438391725
Tax Period
2024-07-01 to 2025-06-30

PALMETTO ACADEMY OF LEARNING AND SUCCESS, founded in 2008, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

TO CREATE A SMALL, DIVERSE LEARNING ENVIRONMENT THAT ACCOMODATES EACH STUDENT'S INDIVIDUAL DIFFERENCES, LEARNING STYLES, AND DEVELOPMENT WHILE PROMOTING HIGH EXPECTATIONS FOR ALL STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $3,402,837 Revenue: $428,408

ORGANIZED UNDER THE SOUTH CAROLINA CHARTER SCHOOL ACT, THE SCHOOL PROVIDES ACADEMIC CHOICE FOR PARENTS AND STUDENTS WHILE EXPANDING THE CAPACITY OF THE PUBLIC SCHOOL SYSTEM IN THE HORRY COUNTY SCHOOL...

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ORGANIZED UNDER THE SOUTH CAROLINA CHARTER SCHOOL ACT, THE SCHOOL PROVIDES ACADEMIC CHOICE FOR PARENTS AND STUDENTS WHILE EXPANDING THE CAPACITY OF THE PUBLIC SCHOOL SYSTEM IN THE HORRY COUNTY SCHOOL DISTRICT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,537,687
Program Service Revenue $428,408
Investment Income $42,061
Other Revenue $84,000
TOTAL REVENUE $4,092,156

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,326,400
Fundraising Expenses $0
Program Expenses $3,402,837
Other Expenses $1,709,837
TOTAL EXPENSES $4,036,237

Year-over-Year Comparison

2024 2023 Change
Revenue $4,092,156 $4,421,573 -0.1%
Expenses $4,036,237 $4,452,906 -0.1%
Net Income $55,919 $-31,333 -2.8%
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

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Governance

Voting Members
7
Independent Members
7
Employees
45
Volunteers
100

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
3
$156,492
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERWIN MATA MEMBER 0.50
Director
$0 $0 $0
TONYA MUELLER MEMBER 0.50
Director
$0 $0 $0
JAMIE BAKER MEMBER 0.50
Director
$0 $0 $0
NICOLE YOUNG-CLINE MEMBER 0.50
Director
$0 $0 $0
SARAH RUSSELL MEMBER 0.50
Director
$0 $0 $0
STEPHANIE CIONI CHAIR 0.50
Officer Director
$0 $0 $0
JOHNATHAN PAINTER TREASURER 0.50
Officer Director
$0 $0 $0
COURTNEY DOWDY EXECUTIVE DIRECTOR 40.00
Officer
$137,557 $18,935 $156,492
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 $4,092,156 $4,036,237 $1,540,922 $55,919
2024 No data No data No data No data
2023 $3,665,203 $4,004,294 $7,346,296 $-339,091
2022 $3,491,617 $3,562,602 $7,314,398 $-70,985
2021 $3,364,375 $3,163,668 $7,592,729 $200,707
2020 $3,033,991 $3,417,719 $7,861,231 $-383,728
2019 $2,938,500 $3,475,891 $7,894,539 $-537,391
2018 $2,854,321 $3,085,756 $7,627,524 $-231,435
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