PALMETTO ACADEMY OF LEARNING AND SUCCESS (EIN 263245679) - 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

Formation Year

2008

Legal Domicile

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

PALMETTO ACADEMY OF LEARNING AND SUCCESS IS A HIGHLY RATED PUBLIC CHARTER SCHOOL IN MYRTLE BEACH, SOUTH CAROLINA, THAT IS PART OF 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%)

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

Governance

Voting Members

Independent Members

Employees

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

$156,492

Total Directors

Key Employees

Highest Compensated

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

PALMETTO ACADEMY OF LEARNING AND SUCCESS