PALMETTO GOODWILL SERVICES (EIN 570632511) - 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

1975

Legal Domicile

Principal Officer

JACKIE DRAWS

Phone

8435660072

Tax Period

2024-01-01 to 2024-12-31

PALMETTO GOODWILL SERVICES, founded in 1975, is a mid-sized nonprofit in the Employment sector that reported $18.8M in total revenue in fiscal year 2024. Expenses of $18.1M left a modest 4% surplus.

Mission

PALMETTO GOODWILL SERVICE'S (GOODWILL) MISSION IS CHANGING LIVES BY PROVIDING EQUITABLE ACCESS TO TRAINING, EDUCATION, AND EMPLOYMENT. GOODWILL IS A LOCAL AUTONOMOUS MEMBER OF GOODWILL INDUSTRIES INTERNATIONAL THAT PROVIDES WORK OPPORTUNITIES FOR PEOPLE WITH DISABILITIES AND DISADVANTAGES THROUGH THE ABILITY ONE PROGRAM. LOCAL BUSINESSES AND GOVERNMENT ENTITIES RELY ON GOODWILL TO PROVIDE CONTRACT SERVICES FOR FOOD SERVICE, JANITORIAL, GROUNDSKEEPING, AND MAILROOM SERVICES.

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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 $18,179,291

Investment Income $658,537

Other Revenue $0

TOTAL REVENUE $18,837,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,410,795

Fundraising Expenses $0

Program Expenses $17,310,026

Other Expenses $3,668,479

TOTAL EXPENSES $18,079,274

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,837,828	$19,159,128	0.0%
Expenses	$18,079,274	$18,371,877	0.0%
Net Income	$758,554	$787,251	0.0%

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

392

Volunteers

592

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

$1,701,160

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRYL BROWN	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
JACQUELINE DRAWS	CHIEF FINANCIAL OFFICER	12.00	Officer	$73,931	$43,945	$290,381
TANYA WELDON	HUMAN RESOURCES OFFICER	8.00	Officer	$31,639	$33,771	$191,966
ELLIOT SMALLEY EASTERLING	CHIEF MISSION/MARKETING OFFICER	20.00	Officer	$114,712	$36,756	$266,180
PAMELA RICHARDSON	CHIEF PEOPLE OFFICER	12.00	Officer	$57,933	$48,474	$241,585
DEBORAH REYNOLDS	VP MARKETING/COMMUNICATION	12.00	Officer	$39,868	$34,916	$167,809
BRIAN ITZKOWITZ	PRESIDENT CEO	20.00	Officer	$247,780	$47,680	$543,239
JASON BARIL	VP DONATED GOODS	10.00	Highest	$47,999	$31,312	$223,309
MARY GILMER	VP MISSION SERVICES	10.00	Highest	$43,234	$41,764	$214,698
REGINALD HUGHES	VP COMMERCIAL OPERATIONS	30.00	Highest	$162,010	$48,473	$264,486

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	$18,837,828	$18,079,274	$21,293,981	$758,554
2023	$19,159,128	$18,371,877	$18,638,468	$787,251
2022	$18,157,283	$17,433,706	$15,989,652	$723,577
2021	$17,429,442	$16,187,345	$13,601,818	$1,242,097
2020	$16,594,100	$14,853,734	$11,692,714	$1,740,366
2019	$16,353,107	$15,791,810	$10,625,881	$561,297
2018	$15,667,333	$14,358,793	$8,359,831	$1,308,540

PALMETTO GOODWILL SERVICES