NORTH CHARLESTON, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PALMETTO GOODWILL, founded in 2015, is a mid-sized nonprofit in the Human Services sector that reported $65.1M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $11.1M, a strong 17% operating margin.
PALMETTO GOODWILL'S MISSION IS TO CHANGE LIVES BY PROVIDING EQUITABLE ACCESS TO TRAINING, EDUCATION, AND EMPLOYMENT. PALMETTO GOODWILL SERVES THIS MISSION BY PROVIDING JOB TRAINING, EDUCATION, AND EMPLOYMENT PLACEMENT SERVICES. IN 2024, THE ORGANIZATION PROVIDED SERVICES TO MORE THAN 11,000 UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS, PLACING 4,000 INDIVIDUALS INTO EMPLOYMENT. IN 2024, GOODWILL'S PROGRAMS FOCUSED ON INDIVIDUALS 55 AND OLDER, PEOPLE WITH DISABILITIES, VETERANS AND THEIR SPOUSES OR CAREGIVERS, SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM (SNAP) RECIPIENTS, AND INDIVIDUALS IMPROVING THEIR DIGITAL LITERACY SKILLS. PALMETTO GOODWILL IS WELL-EQUIPPED TO OPERATE LARGE-SCALE PROGRAMS THAT REINVEST IN THE COMMUNITY AND HAS PROVEN TO BE AN EXCELLENT STEWARD OF GOVERNMENT AND PRIVATE FUNDING.
GOODWILL'S DONATED GOODS RETAIL PROGRAM PROVIDES EDUCATION, JOB TRAINING, AND EMPLOYMENT OPPORTUNITIES TO PEOPLE WITH BARRIERS TO EMPLOYMENT BY COLLECTING AND RESELLING RETAIL ITEMS. SALES OF DONATED...
GOODWILL'S DONATED GOODS RETAIL PROGRAM PROVIDES EDUCATION, JOB TRAINING, AND EMPLOYMENT OPPORTUNITIES TO PEOPLE WITH BARRIERS TO EMPLOYMENT BY COLLECTING AND RESELLING RETAIL ITEMS. SALES OF DONATED CLOTHING AND HOUSEHOLD ITEMS PROVIDE JOB TRAINING AND REVENUE FOR JOB READINESS TRAINING, CAREER EXPLORATION SERVICES, AND OCCUPATIONAL SKILLS TRAINING. GOODWILL HELPS PEOPLE EARN A LIVING, IMPROVE THEIR QUALITY OF LIFE, AND STRENGTHEN THEIR FAMILIES AND COMMUNITIES BY PUTTING 92% OF ITS REVENUE FROM ITS 33 THRIFT STORES BACK INTO MISSION PROGRAMMING. PALMETTO GOODWILL'S DONATION PROGRAM HELPED KEEP MORE THAN 35 MILLION POUNDS OF WASTE OUT OF SOUTH CAROLINA LANDFILLS. GOODWILL'S DIVERSION OF ITEMS FROM LANDFILL IS GOOD FOR OUR PLANET AND ENVIRONMENTBY DIVERTING WASTE FROM OUR LANDFILLS, WE REDUCE OUR CARBON FOOTPRINT AND CONTRIBUTE TO THE HEALTH AND SUSTAINABILITY OF OUR COMMUNITY.
PALMETTO GOODWILL PROVIDED CAREER NAVIGATION SERVICES TO MORE THAN 11,000 UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS. THE ORGANIZATION PROVIDED JOB READINESS TRAINING, CAREER EXPLORATION SERVICES, AND...
PALMETTO GOODWILL PROVIDED CAREER NAVIGATION SERVICES TO MORE THAN 11,000 UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS. THE ORGANIZATION PROVIDED JOB READINESS TRAINING, CAREER EXPLORATION SERVICES, AND OCCUPATIONAL SKILLS TRAINING TO NEARLY 4,000 INDIVIDUALS THROUGH ITS NETWORK OF CAREER OPPORTUNITY CENTERS, ONLINE TRAINING PROVIDERS, TECHNICAL SCHOOL NETWORK, AND OTHER TRAINING PROVIDERS TO PREPARE INDIVIDUALS FOR IN-DEMAND CAREERS IN THE FIELDS OF (1) HEALTH CARE AND SOCIAL ASSISTANCE, (2) INFORMATION TECHNOLOGIES, (3) INDUSTRIAL TRADES, (4) RETAIL TRADE, (5) TRANSPORTATION AND WAREHOUSING. IN ADDITION TO TRAINING, PALMETTO GOODWILL PROVIDED SUPPORTIVE SERVICES, INCLUDING RENT, MORTGAGE, UTILITY ASSISTANCE, CLOTHING VOUCHERS, FURNITURE VOUCHERS, BUS PASSES, AND OTHER TRANSPORTATION NEEDS.
PALMETTO GOODWILL EXPANDED ITS I-CAN PROGRAM FOR INDIVIDUALS RETURNING FROM INCARCERATION TO THE GRAND STRAND REGIONS OF SOUTH CAROLINA. THROUGH THIS EXPANSION, 121 INDIVIDUALS RECEIVED MUCH NEEDED...
PALMETTO GOODWILL EXPANDED ITS I-CAN PROGRAM FOR INDIVIDUALS RETURNING FROM INCARCERATION TO THE GRAND STRAND REGIONS OF SOUTH CAROLINA. THROUGH THIS EXPANSION, 121 INDIVIDUALS RECEIVED MUCH NEEDED SUPPORT AND STABILIZATION SERVICES SUCH AS TRANSITIONAL HOUSING SUPPORT, ASSISTANCE IN OBTAINING IDENTIFICATION DOCUMENTS NEEDED FOR EMPLOYMENT, FOOD ACCESS, TRANSPORTATION ASSISTANCE AND FAMILY REUNIFICATION SUPPORT. PROGRAM PARTICIPANTS ALSO RECEIVED TWO WEEKS OF INTENSIVE EMPLOYABILITY SKILLS TRAINING TO PREPARE THEM FOR EMPLOYMENT. FOLLOWING THIS TRAINING, PARTICIPANTS WERE PROVIDED WITH 12 WEEKS OF TRANSITIONAL EMPLOYMENT WITH PALMETTO GOODWILL WHERE THEY FURTHER DEVELOPED POSITIVE WORK BEHAVIORS AND OCCUPATIONAL SKILLS AS WELL AS THE DEVELOPMENT OF A POSITIVE WORK REFERENCE. UPON COMPLETION OF THE 12 WEEKS OF TRANSITIONAL EMPLOYMENT, PARTICIPANTS COULD PURSUE ONE OF THREE PATHWAYS: 1) CONTINUED EMPLOYMENT WITH PALMETTO GOODWILL 2) JOB PLACEMENT SUPPORT WITH ANOTHER EMPLOYER IN THE COMMUNITY AND/OR 3) FUNDED OCCUPATIONAL SKILLS TRAINING IN A DEMAND OCCUPATION. THROUGH THIS PROGRAM, PALMETTO GOODWILL DISRUPTS THE CYCLE OF INCARCERATION AND PROVIDE A BRIGHT FUTURE TO RETURNING CITIZENS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $65,087,712 | $60,064,899 | +0.1% |
| Expenses | $53,978,984 | $48,216,487 | +0.1% |
| Net Income | $11,108,728 | $11,848,412 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CATHARINE ALMQUIST | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| REGGIE BURGESS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LEANDRO CASSOLO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NINA MAGNESSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMIE LYNCH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMIE DEMENT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL D MOXLEY MD FACOG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHELLE WOODHULL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERICA WRIGHT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURYCE GRAVES-MCIVER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MATTHEW PECOY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| VICTOR RIVERA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HERBERT L DRAYTON III | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DARRYL BROWN | INCOMING CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROB PHILLIPS | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| STACY COZAD | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRIAN ITZKOWITZ | PRESIDENT/CEO | 20.00 |
Officer
|
$247,780 | $47,680 | $543,240 |
| JACQUELINE DRAWS | CFO | 28.00 |
Officer
|
$172,505 | $43,945 | $290,381 |
| DEBORAH REYNOLDS | VP MARKETING/COMMUNICATION | 28.00 |
Officer
|
$93,025 | $34,916 | $167,809 |
| TANYA WELDON | HUMAN RESOURCES OFFICER | 32.00 |
Officer
|
$126,556 | $33,771 | $191,966 |
| ELLIOT SMALLEY EASTERLING | CHIEF MISSION AND MARKETIN | 30.00 |
Officer
|
$114,712 | $36,756 | $266,180 |
| PAMELA RICHARDSON | CHIEF PEOPLE CULTURE DIVER | 28.00 |
Officer
|
$135,178 | $48,474 | $241,585 |
| REGINALD HUGHES | VP OF COMMERCIAL SERVICES | 10.00 |
Highest
|
$54,003 | $48,473 | $264,486 |
| JASON BARIL | VP OF DONATED GOODS | 30.00 |
Highest
|
$143,998 | $31,312 | $223,309 |
| MARY GILMER | VP OF MISSION SERVICES | 30.00 |
Highest
|
$129,700 | $41,764 | $214,698 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $65,087,712 | $53,978,984 | $137,202,409 | $11,108,728 |
| 2023 | $60,064,899 | $48,216,487 | $133,955,458 | $11,848,412 |
| 2022 | $55,111,508 | $44,353,300 | $126,444,362 | $10,758,208 |
| 2021 | $50,949,954 | $41,925,265 | $100,114,143 | $9,024,689 |
| 2020 | $39,872,407 | $37,552,771 | $85,270,142 | $2,319,636 |
| 2019 | $39,955,033 | $36,247,341 | $85,386,834 | $3,707,692 |
| 2018 | $36,128,417 | $34,324,120 | $82,400,206 | $1,804,297 |
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