The Palmetto Association of Independent Schools Inc (EIN 570775210) - 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

1979

Legal Domicile

Principal Officer

James Connor

Phone

8439010088

Tax Period

2023-07-01 to 2024-06-30

The Palmetto Association of Independent Schools Inc, founded in 1979, is a micro nonprofit that reported $56K in total revenue in fiscal year 2023. Expenses of $48K left a modest 14% surplus.

Mission

The mission of the organization is to support the member independent schools. Several events were held during the year - an Annual Conference and a Spring meeting for the members as well as cohort meetings. The organization was represented at both regional and national conferences by its Executive Director.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $55,950

Investment Income $33

Other Revenue $0

TOTAL REVENUE $55,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,523

Fundraising Expenses $0

Program Expenses $31,148

Other Expenses $14,387

TOTAL EXPENSES $47,910

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,983	$52,510	+0.1%
Expenses	$47,910	$45,020	+0.1%
Net Income	$8,073	$7,490	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erika Senneseth	President	1.00	Director	$0	$0	$0
Doug Qualls	Vice President	1.00	Director	$0	$0	$0
Rachel Bagenstose	Treasurer	1.00	Director	$0	$0	$0
Ken Hyde	Secretary	1.00	Director	$0	$0	$0
Ed Hoffman	Immediate Past Chair	1.00	Director	$0	$0	$0
Andy North	Board Member	1.00	Director	$0	$0	$0
Farrar Richardson	Board Member	1.00	Director	$0	$0	$0
Felicia Pontoo	Board Member	1.00	Director	$0	$0	$0
Chris Hinchey	Board Member	1.00	Director	$0	$0	$0
Franci Bell	Board Member	1.00	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
2024	$55,983	$47,910	$64,899	$8,073
2023	$52,562	$45,020	$56,826	$7,542

The Palmetto Association of Independent Schools Inc