PALMETTO STATE TEACHERS ASSOCIATION (EIN 570644021) - 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

Principal Officer

KATHY F MANESS

Phone

8032562065

Tax Period

2024-05-01 to 2025-04-30

PALMETTO STATE TEACHERS ASSOCIATION, founded in 1976, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 3% surplus.

Mission

MEMBER EDUCATION AND LIABILITY INSURANCE

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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 $1,650,801

Investment Income $27,250

Other Revenue $1

TOTAL REVENUE $1,678,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,061,142

Fundraising Expenses $0

Program Expenses $1,222,311

Other Expenses $560,275

TOTAL EXPENSES $1,621,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,678,052	$1,697,802	0.0%
Expenses	$1,621,417	$1,644,947	0.0%
Net Income	$56,635	$52,855	+0.1%

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

$173,394

Total Directors

$173,394

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF MAXEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
BETSY HOOKS PORTUNE	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
CELY JOHNSON	PRESIDENT EL	1.00	Officer Director	$0	$0	$0
RAMONA MCCOY-CUMMINGS	SECRETARY	1.00	Officer Director	$0	$0	$0
TJ GALLOWAY	TREASURER	1.00	Officer Director	$0	$0	$0
SHAKETA WALKER LUERSEN	DISTRICT 1	1.00	Director	$0	$0	$0
TERRENCE HOLLEY	DISTRICT 2	1.00	Director	$0	$0	$0
DARLEEN SUTTON	DISTRICT 3	1.00	Director	$0	$0	$0
CARMEN KNIGHT	DISTRICT 4	1.00	Director	$0	$0	$0
MARY ANN WEIR	DISTRICT 5	1.00	Director	$0	$0	$0
JEFFERY TADLOCK	DISTRICT 6	1.00	Director	$0	$0	$0
KATHY F MANESS	EXECUTIVE DI	40.00	Officer Director	$173,394	$0	$173,394
COVINGTON B WATSON	EMPLOYEE	40.00	Highest	$156,898	$0	$156,898
PATRICK KELLY	EMPLOYEE	40.00	Highest	$107,045	$0	$107,045
CRAIG KING	EMPLOYEE	40.00	Highest	$119,216	$0	$119,216

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	$1,678,052	$1,621,417	$1,533,652	$56,635
2024	$1,697,802	$1,644,947	$1,477,017	$52,855
2023	$1,667,097	$1,599,065	$1,424,162	$68,032
2022	$1,727,381	$1,555,173	$1,356,130	$172,208
2021	$1,742,395	$1,380,680	$1,190,716	$361,715

PALMETTO STATE TEACHERS ASSOCIATION