Palmetto Care Connections

EIN: 462511868 501(c)(3) Health Care

Bamberg, SC

Total Revenue
$3,565,476
Total Expenses
$2,758,687
Total Assets
$5,257,451
Net Assets
$4,656,503
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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
2013
Legal Domicile
SC
Principal Officer
Kathy Schwarting CEO
Phone
8032452672
Tax Period
2024-01-01 to 2024-12-31

Palmetto Care Connections, founded in 2013, is a community nonprofit in the Health Care sector that reported $3.6M in total revenue in fiscal year 2024. The organization ran a surplus of $807K, a strong 23% operating margin.

Mission

To assist providers in keeping health care local and connecting rural and underserved South Carolinians to quality services through broadband, technology, and telehealth.

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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 $461,916
Program Service Revenue $3,120,861
Investment Income $73,505
Other Revenue $-90,806
TOTAL REVENUE $3,565,476

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,583,306
Fundraising Expenses $0
Program Expenses $1,770,440
Other Expenses $1,175,381
TOTAL EXPENSES $2,758,687

Year-over-Year Comparison

2024 2023 Change
Revenue $3,565,476 $3,498,525 +0.0%
Expenses $2,758,687 $2,755,135 +0.0%
Net Income $806,789 $743,390 +0.1%
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
9
Independent Members
9
Employees
21
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathy Schwarting CEO 40.00
$338,367 $12,130 $350,497
Matt Hiatt Chief Technology Officer 40.00
$238,492 $4,282 $242,774
Davia Smith Chief Community Relations Officer 40.00
$102,270 $4,472 $106,742
Scott Moody Former Dir of Finance 40.00
$48,139 $1,079 $49,218
Nate Henderson MD Board Member 1.00
$0 $0 $0
Julie B Allen Board Member 1.00
$0 $0 $0
Ann Lewis MHA Board Member 1.00
$0 $0 $0
James McElligott MD MSCR Board Member 1.00
$0 $0 $0
John Magill Board Member 1.00
$0 $0 $0
Christian Soura Secretary 1.00
Officer
$0 $0 $0
Danette F McAlhaney MD Chair 1.00
Officer
$0 $0 $0
Meera Narasimhan MD DFAPA Treasurer 1.00
Officer
$0 $0 $0
Rich Rogers Vice Chair 1.00
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
2024 $3,565,476 $2,758,687 $5,257,451 $806,789
2024 $3,565,476 $2,758,687 $5,257,451 $806,789
2023 $3,498,525 $2,755,135 $4,767,922 $743,390
2023 $3,498,525 $2,755,135 $4,767,922 $743,390
2022 $3,173,152 $2,374,733 $3,667,198 $798,419
2021 $1,965,479 $1,310,425 $2,342,153 $655,054
2020 $1,672,874 $1,066,457 $1,668,238 $606,417
2019 $1,327,917 $1,301,135 $1,049,433 $26,782
2018 $1,564,233 $1,280,497 $1,084,891 $283,736
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