PALMETTO WELFARE RETIREE BENEFIT TRUST (EIN 566536978) - 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

2006

Legal Domicile

Principal Officer

JASON J DANDRIDGE

Phone

8435382020

Tax Period

2024-01-01 to 2024-12-31

PALMETTO WELFARE RETIREE BENEFIT TRUST, founded in 2006, is a community nonprofit in the Mutual Benefit sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $735K, a strong 66% operating margin.

Mission

TO FUND AND PROVIDE CERTAIN RETIREE HEALTH BENEFITS FOR ELIGIBLE EMPLOYEES OF PALMETTO RURAL TELEPHONE COOPERATIVE, INC.

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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 $0

Program Service Revenue $346,231

Investment Income $769,702

Other Revenue $0

TOTAL REVENUE $1,115,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,737

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $380,968

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,115,933	$668,406	+0.7%
Expenses	$380,968	$347,907	+0.1%
Net Income	$734,965	$320,499	+1.3%

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

N/A

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
RIAZZI RHYNE SWAIM INVESTMENT	INST. TRUSTE	5.00		$0	$34,737	$34,737

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	$1,115,933	$380,968	$12,667,734	$734,965
2023	$668,406	$347,907	$11,371,442	$320,499
2022	$807,649	$384,792	$10,522,737	$422,857
2021	$907,248	$363,862	$11,639,216	$543,386
2020	$174,410	$353,398	$10,319,087	$-178,988

PALMETTO WELFARE RETIREE BENEFIT TRUST