PALMETTO GOLF CLUB (EIN 570221480) - 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

1892

Legal Domicile

Principal Officer

GREG PASCHAL

Phone

8036492951

Tax Period

2025-01-01 to 2025-12-31

PALMETTO GOLF CLUB, founded in 1892, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2025. Expenses of $3.0M left a modest 5% surplus.

Mission

OPERATION OF A GOLF CLUB FOR THE RECREATION OF ITS MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,160,895

Investment Income $40,370

Other Revenue $0

TOTAL REVENUE $3,201,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,043,999

Fundraising Expenses $0

Other Expenses $2,005,942

TOTAL EXPENSES $3,049,941

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,201,265	$2,997,108	+0.1%
Expenses	$3,049,941	$2,896,288	+0.1%
Net Income	$151,324	$100,820	+0.5%

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

Volunteers

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

$211,320

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE ABRAMS	GOVERNOR	0.30	Director	$0	$0	$0
WILLIAM H TUCKER	GOVERNOR	0.30	Director	$0	$0	$0
TOM FARMER	GOVERNOR	0.30	Director	$0	$0	$0
MICHAEL J COSTIGAN SR	GOVERNOR	0.30	Director	$0	$0	$0
ARNIE KILBURZ III	GOVERNOR	0.30	Director	$0	$0	$0
TOMMY MCCULLOUGH	GOVERNOR	0.30	Director	$0	$0	$0
GREG PASCHAL	TREASURER	0.30	Officer Director	$0	$0	$0
CHAD PARROTT	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
MARK MAHONEY	SECRETARY	0.30	Officer Director	$0	$0	$0
PATRICK CUNNING	ASSISTANT TREASURER	0.30	Officer Director	$0	$0	$0
TIM DANGERFIELD	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK SWYGERT	SUPERINTENDENT	40.00	Officer	$138,440	$5,600	$144,040
ANNETTE CHEEKS	BUSINESS MANAGER	40.00	Officer	$64,640	$2,640	$67,280

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	$3,201,265	$3,049,941	$4,521,452	$151,324
2024	No data	No data	No data	No data
2023	$2,326,609	$2,306,887	$4,363,532	$19,722
2022	$2,320,925	$2,199,596	$4,198,720	$121,329
2021	$2,206,739	$2,078,624	$4,055,762	$128,115
2020	$1,920,813	$1,939,428	$3,930,065	$-18,615
2019	$2,283,890	$1,997,207	$3,932,050	$286,683
2018	$1,997,383	$1,928,677	$3,778,239	$68,706

PALMETTO GOLF CLUB