SOUTHERN PALMETTO REGIONAL CHAMBER OF COMMERCE

EIN: 570656387

BARNWELL, SC

Total Revenue
$111,818
Total Expenses
$111,069
Total Assets
$12,989
Net Assets
$12,989
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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
2016
Legal Domicile
SC
Principal Officer
Bob Snead
Phone
8035285383
Tax Period
2024-01-01 to 2024-12-31

SOUTHERN PALMETTO REGIONAL CHAMBER OF COMMERCE, founded in 2016, is a small nonprofit that reported $112K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring.

Mission

The Southern Palmetto Regional Chamber serves to foster economic prosperity throughout Barnwell and Allendale Counties with education promotion and collaboration supporting a healthy business community.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $49,623
Program Service Revenue $62,187
Investment Income $8
Other Revenue $0
TOTAL REVENUE $111,818

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,040
Fundraising Expenses $1,618
Program Expenses $85,667
Other Expenses $109,029
TOTAL EXPENSES $111,069

Year-over-Year Comparison

2024 2023 Change
Revenue $111,818 $223,527 -0.5%
Expenses $111,069 $213,998 -0.5%
Net Income $749 $9,529 -0.9%
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

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Governance

Voting Members
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Snead President and CEO 10.00
Officer
$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 $111,818 $111,069 $12,989 $749
2023 $223,527 $213,998 $46,172 $9,529
2022 $305,229 $268,934 $82,396 $36,295
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