PALMETTO COVE RV PARK (EIN 510200160) - 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

1976

Legal Domicile

Tax Period

2021-01-01 to 2021-12-31

PALMETTO COVE RV PARK, founded in 1976, is a small nonprofit that reported $216K in total revenue in fiscal year 2021. The organization ran a surplus of $66K, a strong 31% operating margin.

Mission

THE PURPOSE OF THE CORPORATION IS TO PROVIDE A RECREATIONAL VEHICLE (RV) PARK FOR THE USE BY MEMBERS AND GUESTS AND TO PROMOTE GENERAL RECREATION, SOCIAL, AND FRATERNAL ACTIVITIES, AND TO PROVIDE FACILITIES AND OUTDOOR AREAS FOR SUCH.

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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 (2021)

Revenue Breakdown

Contributions & Grants $215,578

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $215,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $149,535

Other Expenses $149,535

TOTAL EXPENSES $149,535

Year-over-Year Comparison

	2021	2020	Change
Revenue	$215,578	N/A	N/A
Expenses	$149,535	N/A	N/A
Net Income	$66,043	N/A	N/A

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

N/A

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
SANDY SOUTHERLIN	DIRECTOR	3.00	Director	$0	$0	$0
PAUL WELCH	DIRECTOR	3.00	Director	$0	$0	$0
DIANE BAGWELL	DIRECTOR	3.00	Director	$0	$0	$0
NANCY HULON	SECRETARY	4.00	Officer Director	$0	$0	$0
KRISTY SMITH	TREASURER	4.00	Officer Director	$0	$0	$0
CHARLIE CRUMPTON	PRESIDENT	3.00	Officer Director	$0	$0	$0
VIRGINIA NELSON	VICE PRESIDENT	3.00	Officer Director	$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
2021	$215,578	$149,535	$278,110	$66,043

PALMETTO COVE RV PARK