Palmetto Care Connections

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $1,770,440

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

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

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
2025	No data	No data	No data	No data
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