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.

Program Service Accomplishments

Program 1
Expenses: $41,503 Revenue: $19,719

BBQ Blues & Boos Festival is a fundraising event built to provide a unique experience for the Barnwell community promote the vibrant culture of the region and support the non-profit economic...

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BBQ Blues & Boos Festival is a fundraising event built to provide a unique experience for the Barnwell community promote the vibrant culture of the region and support the non-profit economic development work of the Southern Palmetto Foundation including The Palmetto Innovation Center. Profits from this event go directly to supporting free and low cost programs built to support emerging entrepreneurs and small businesses in and around Barnwell & Allendale Counties.

Program 2
Expenses: $9,825 Revenue: $8,349

The Homegrown Leadership Institute is a 6 month development course for emerging leaders of various experience levels focused on expanding participants overall individual leadership skills that can be...

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The Homegrown Leadership Institute is a 6 month development course for emerging leaders of various experience levels focused on expanding participants overall individual leadership skills that can be applied to their work and life developed by the Palmetto Innovation Center and Southern Palmetto Regional Chamber. The program will host leadership development sessions led by Kirk Randazzo Director of Leadership Studies at USC alongside speakers from throughout the regional business community and local government.

Program 3
Expenses: $5,508 Revenue: $10,678

The Blessing of the Crops is a community-centered event hosted by the Southern Regional Palmetto Chamber of Commerce to honor and celebrate the agricultural heritage of our region. This gathering...

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The Blessing of the Crops is a community-centered event hosted by the Southern Regional Palmetto Chamber of Commerce to honor and celebrate the agricultural heritage of our region. This gathering brings together farmers local leaders residents and faith-based partners to offer prayers and positive intentions for a fruitful growing season. The event recognizes the vital role agriculture plays in our local economy promotes unity among rural communities and expresses gratitude for the hard work and dedication of those who feed and sustain our counties.

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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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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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