PALMETTO DUNES PROPERTY OWNERS ASSOCIATION INC (EIN 570656625) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

BILL DIX

Phone

8437851109

Tax Period

2024-01-01 to 2024-12-31

PALMETTO DUNES PROPERTY OWNERS ASSOCIATION INC, founded in 1977, is a mid-sized nonprofit in the Human Services sector that reported $11.7M in total revenue in fiscal year 2024. The organization ran a surplus of $3.0M, a strong 26% operating margin.

Mission

PDPOA IS RESPONSIBLE FOR THE OPERATION AND MAINTENANCE OF THE COMMON PROPERTY WITHIN THE 2,173 RESIDENTIAL DEVELOPMENT LOCATED IN HILTON HEAD ISLAND, SOUTH CAROLINA. THE RESIDENTIAL DEVELOPMENT INCLUDES 12 COMMERCIAL ENTITIES. THE MAINTENANCE OF ROADS, LAGOONS, AND PATHS OPEN TO THE PUBLIC PROVIDE ESSENTIAL PUBLIC BENEFIT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,797,953

Investment Income $913,788

Other Revenue $0

TOTAL REVENUE $11,711,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,177,972

Fundraising Expenses $0

Program Expenses $7,853,114

Other Expenses $4,528,783

TOTAL EXPENSES $8,706,755

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,711,741	$11,245,334	+0.0%
Expenses	$8,706,755	$8,396,243	+0.0%
Net Income	$3,004,986	$2,849,091	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

2173

Independent Members

2173

Employees

Volunteers

110

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BECKY BRUMLEY PART YEAR	CHAIR	2.00	Officer Director	$0	$0	$0
KURT FAIRES	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
CHAD TEREFENKO PART YEAR	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT TALBOT	TREASURER	2.00	Officer Director	$0	$0	$0
JERRY DURKIN PART YEAR	MEMBER	1.00	Director	$0	$0	$0
DAN DEMICHELE PART YEAR	MEMBER	1.00	Director	$0	$0	$0
BRANDON SMITH PART YEAR	MEMBER	1.00	Director	$0	$0	$0
ALICE BETTENCOURT	MEMBER	1.00	Director	$0	$0	$0
ED GARINO PART YEAR	MEMBER	1.00	Director	$0	$0	$0
DOUG LUBA	MEMBER	1.00	Director	$0	$0	$0
BARBARA MCFADDEN PART YEAR	MEMBER	1.00	Director	$0	$0	$0
KAREN BOOTH PART YEAR	MEMBER	1.00	Director	$0	$0	$0
KELLY BROWN PART YEAR	MEMBER	1.00	Director	$0	$0	$0
LEE WHITEHURST PART YEAR	MEMBER	1.00	Director	$0	$0	$0
BRAD MARRA PART YEAR	MEMBER	1.00	Director	$0	$0	$0
ANDREW SCHUMACHER	CEO	40.00	Highest	$307,672	$35,609	$343,281
JAMES GRINER	DIRECTOR OF SECURITY	40.00	Highest	$157,799	$12,597	$170,396
ELIZABETH LOVELL CICCARELLI	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$120,947	$29,088	$150,035
MATTHEW NEMES	CONTROLLER	40.00	Highest	$133,827	$27,232	$161,059
SYDNEY WAN	DIRECTOR OF FACILITIES MAI	40.00	Highest	$119,345	$15,070	$134,415

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	$11,711,741	$8,706,755	$50,196,915	$3,004,986
2023	$11,245,334	$8,396,243	$46,965,169	$2,849,091
2022	$11,028,203	$7,856,265	$44,014,783	$3,171,938
2021	$11,414,236	$7,227,278	$42,506,108	$4,186,958
2020	$10,414,981	$6,698,191	$37,616,035	$3,716,790
2019	$10,397,331	$6,539,178	$34,372,089	$3,858,153
2018	$7,898,823	$6,202,454	$29,773,998	$1,696,369

PALMETTO DUNES PROPERTY OWNERS ASSOCIATION INC