PRISMA HEALTH MIDLANDS FOUNDATION F/K/A PALMETTO HEALTH FOUNDATION (EIN 570725699) - 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

2000

Legal Domicile

Principal Officer

JEFFERY FAW

Phone

8034347275

Tax Period

2024-10-01 to 2025-09-30

PRISMA HEALTH MIDLANDS FOUNDATION F/K/A PALMETTO HEALTH FOUNDATION, founded in 2000, is a mid-sized nonprofit in the Health Care sector that reported $11.7M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.4M, a strong 72% operating margin.

Mission

THE FOUNDATION EXISTS TO SUPPORT THE MISSION AND PURPOSES OF PRISMA HEALTH AND ITS RELATED ACTIVITIES. THIS IS ACCOMPLISHED BY BUILDING AWARENESS OF KEY HEALTH ISSUES IN THE COMMUNITY AND DEVELOPING FINANCIAL RESOURCES FOR PRISMA HEALTH TO USE IN ADDRESSING SUCH ISSUES.THE INITIATIVES OF THE FOUNDATION ARE LINKED TO THE STRATEGIC PLAN OF PRISMA HEALTH AND MEASURED TO IMPROVE THE PHYSICAL, EMOTIONAL, AND SPIRITUAL HEALTH OF OUR COMMUNITY. WE SHARE THIS FUNDAMENTAL COMMITMENT IN IMPROVING THE HUMAN CONDITION IN OUR 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,586,610

Program Service Revenue $0

Investment Income $2,233,953

Other Revenue $892,011

TOTAL REVENUE $11,712,574

Expense Breakdown

Grants Paid $2,361,182

Salaries & Benefits $1,534,849

Fundraising Expenses $273,745

Program Expenses $2,869,359

Other Expenses $-604,195

TOTAL EXPENSES $3,291,836

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,712,574	$7,738,842	+0.5%
Expenses	$3,291,836	$3,529,059	-0.1%
Net Income	$8,420,738	$4,209,783	+1.0%

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

Volunteers

237

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

$540,665

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFERY FAW	EXECUTIVE DIRECTOR	40.00	Officer	$252,820	$16,972	$269,792
KATHERINE W DAVIS	SR. PHILANTHROPIC RELATION	40.00	Officer	$139,589	$12,382	$151,971
LATRINA JEFFERY CRUM	DIRECTOR OF FINANCE	40.00	Officer	$107,511	$11,391	$118,902
STEPHANIE JONES	MEMBER	0.20	Director	$0	$0	$0
SCOTT JONES	MEMBER	0.13	Director	$0	$0	$0
MICHAEL MONTGOMERY	MEMBER	0.13	Director	$0	$0	$0
MICHAEL STACHOWIAK	MEMBER	0.13	Director	$0	$0	$0
JULIAN KIM	MEMBER	0.13	Director	$0	$0	$0
BILL DUDA	MEMBER	0.13	Director	$0	$0	$0
JILL SMITH	MEMBER	0.13	Director	$0	$0	$0
JOHN HUDGENS	MEMBER	0.13	Director	$0	$0	$0
ALAN KAHN	MEMBER	0.13	Director	$0	$0	$0
COLES DWIGHT	MEMBER	0.13	Director	$0	$0	$0
CARA FLORENCE	MEMBER	0.13	Director	$0	$0	$0
SEAN HART	MEMBER	0.10	Director	$0	$0	$0
JASON HAWN	MEMBER	0.13	Director	$0	$0	$0
WILL HOLMES	MEMBER	0.13	Director	$0	$0	$0
SARA WORTMAN	MEMBER	0.03	Director	$0	$0	$0
KAREN YIP	MEMBER	0.13	Director	$0	$0	$0
JILL ARMBRUSTER	SECRETARY	0.33	Officer Director	$0	$0	$0
LEE MASHBURN	TREASURER	0.53	Officer Director	$0	$0	$0
JOHN GRIGGS	CHAIR ELECT	0.50	Officer Director	$0	$0	$0
SAMER ABRAHAM	CHAIR	0.60	Officer Director	$0	$0	$0
ELIZABETH NKUO JOHNSON	IMMEDIATE PAST CHAIR	0.48	Officer Director	$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
2025	$11,712,574	$3,291,836	$61,619,981	$8,420,738
2024	$7,738,842	$3,529,059	$51,644,579	$4,209,783
2023	$7,235,516	$1,997,147	$41,649,222	$5,238,369
2022	$3,423,546	$2,804,533	$35,337,492	$619,013
2021	$5,046,878	$5,607,835	$38,026,975	$-560,957
2020	$7,827,895	$9,361,716	$33,752,067	$-1,533,821
2018	$11,293,362	$7,535,862	$37,700,349	$3,757,500

PRISMA HEALTH MIDLANDS FOUNDATION F/K/A PALMETTO HEALTH FOUNDATION