PALMETTO COUNCIL INC BOY SCOUTS OF AMERICA 549 (EIN 570314450) - 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

1938

Legal Domicile

Principal Officer

JUSTIN WILLIAMS

Phone

8645854391

Tax Period

2023-01-01 to 2023-12-31

PALMETTO COUNCIL INC BOY SCOUTS OF AMERICA 549, founded in 1938, is a community nonprofit in the Youth Development sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 7% surplus.

Mission

AN AFFLIATE OF BOY SCOUTS OF AMERICA, PALMETTO COUNCIL PROVIDES SERVICES TO YOUNG MEN AND WOMEN AGES 5-21. THE COUNCIL IS DEDICATED TO DEVELOPING VALUES AND LIFE SKILLS IN THE SPARTANBURG, YORK, CHESTER, LANCASTER, UNION AND CHEROKEE COUNTIES OF SOUTH CAROLINA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $466,662

Program Service Revenue $210,706

Investment Income $61,348

Other Revenue $575,867

TOTAL REVENUE $1,314,583

Expense Breakdown

Grants Paid $9,258

Salaries & Benefits $620,838

Fundraising Expenses $124,560

Program Expenses $1,079,390

Other Expenses $591,260

TOTAL EXPENSES $1,221,356

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,314,583	$960,241	+0.4%
Expenses	$1,221,356	$1,103,935	+0.1%
Net Income	$93,227	$-143,694	-1.6%

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

1271

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

$127,726

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN WILLIAMS	CEO	40.00	Officer	$109,277	$18,449	$127,726
STACEY ADAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
JON ANTONUCCI	BOARD MEMBER	2.00	Director	$0	$0	$0
DAN ATKINSON	BOARD PRESID	2.00	Officer Director	$0	$0	$0
NEAL BARBER	BOARD MEMBER	2.00	Director	$0	$0	$0
DYLAN BLACKMON	YOUTH REPRES	2.00	Director	$0	$0	$0
JOHN BLOOMBERG	BOARD MEMBER	2.00	Director	$0	$0	$0
ANTHONY BODDIE	BOARD MEMBER	2.00	Director	$0	$0	$0
WAYNE BOULDIN	VP MEMBERSHI	2.00	Officer Director	$0	$0	$0
TIM COMBS	VP PROPERTIE	2.00	Officer Director	$0	$0	$0
CHRIS CONNELLY	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICK COTE	COUNCIL COMM	2.00	Officer Director	$0	$0	$0
MIKE CUMMINS	BOARD MEMBER	2.00	Director	$0	$0	$0
GEOFF DUNN	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUG FINLEY	VP FUND DEVE	2.00	Officer Director	$0	$0	$0
ROBERT FLOWERS	BOARD MEMBER	2.00	Director	$0	$0	$0
GORDON FOLZ	BOARD MEMBER	2.00	Director	$0	$0	$0
RJ GIMBL	BOARD MEMBER	2.00	Director	$0	$0	$0
BRITT HELMS	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS HERRING	VP MARKETING	2.00	Officer Director	$0	$0	$0
CHAD HUDSON	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMIN HUJIK	BOARD MEMBER	2.00	Director	$0	$0	$0
KEITH KELLER	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTY KOBES	BOARD MEMBER	2.00	Director	$0	$0	$0
JASON LAND	TREASURER	2.00	Officer Director	$0	$0	$0
DOUG MARION	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK MEZGER	BOARD MEMBER	2.00	Director	$0	$0	$0
HELENA MILLER	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN MOEGLING	BOARD MEMBER	2.00	Director	$0	$0	$0
TROY PHILLIPS	BOARD MEMBER	2.00	Director	$0	$0	$0
KEN REITER	VP PROGRAM	2.00	Officer Director	$0	$0	$0
GEORGE SHEPPARD	VP DIST OPER	2.00	Officer Director	$0	$0	$0
DAVID SIMMONS	BOARD MEMBER	2.00	Director	$0	$0	$0
GLENN STONER	BOARD MEMBER	2.00	Director	$0	$0	$0
LOIUS STREATER	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIN STRICKLAND	BOARD MEMBER	2.00	Director	$0	$0	$0
JIMMY SUMMERS	BOARD MEMBER	2.00	Director	$0	$0	$0
PAUL SWITZER	BOARD MEMBER	2.00	Director	$0	$0	$0
CREIGHTON TAYLOR	BOARD MEMBER	2.00	Director	$0	$0	$0
CARA THOMPSON	VP ADMINISTR	2.00	Officer Director	$0	$0	$0
ROBERT WHITE	BOARD MEMBER	2.00	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
2024	No data	No data	No data	No data
2023	$1,314,583	$1,221,356	$3,170,682	$93,227
2022	$960,241	$1,103,935	$3,151,238	$-143,694
2021	$1,277,534	$1,180,318	$3,548,066	$97,216
2020	$1,346,337	$1,188,109	$3,472,138	$158,228
2019	$1,194,462	$1,384,077	$3,177,442	$-189,615
2018	$1,778,275	$1,142,135	$3,328,829	$636,140

PALMETTO COUNCIL INC BOY SCOUTS OF AMERICA 549