PALMETTO GUN CLUB INC (EIN 570791290) - 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

1988

Legal Domicile

Principal Officer

KARL HOFEN

Phone

8438754398

Tax Period

2024-04-01 to 2025-03-31

PALMETTO GUN CLUB INC, founded in 1988, is a small nonprofit that reported $466K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $170K, a strong 37% operating margin.

Mission

TO PROMOTE, LEGAL, SAFE, RESPONSIBLE, AND ORGANIZED RIFLE, PISTOL AND SHOTGUN SHOOTING AMONG RESIDENTS IN OUR COMMUNITY WITH A VIEW TOWARDS ENHANCING KNOWLEDGE AND SKILLS OF SAFE HANDLING AND PROPER CARE OF FIREARMS AS WELL AS IMPROVED MARKSMANSHIP.

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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 $387,365

Program Service Revenue $53,004

Investment Income $19,284

Other Revenue $6,265

TOTAL REVENUE $465,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $250,284

Other Expenses $295,808

TOTAL EXPENSES $295,808

Year-over-Year Comparison

	2024	2023	Change
Revenue	$465,918	$404,283	+0.2%
Expenses	$295,808	$290,458	+0.0%
Net Income	$170,110	$113,825	+0.5%

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

N/A

Volunteers

366

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
JERRY FINKLE	MEMBER AT LA	N/A	Director	$0	$0	$0
MATTHEW GUNNING	EXEC. RANGE	N/A	Director	$0	$0	$0
KIM HARMS	TREASURER	N/A	Officer Director	$0	$0	$0
KARL HOFEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
KEITH IGNACE	MEMBER AT LA	N/A	Director	$0	$0	$0
ERIC KEMMERER	SECRETARY	N/A	Officer Director	$0	$0	$0
THERESA RAMSEY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JEFF SHOPE	MEMBER AT LA	N/A	Director	$0	$0	$0
KEVIN WALTHER	CHIEF INSTRU	N/A	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	$465,918	$295,808	$1,695,307	$170,110
2024	$404,283	$290,458	$1,526,318	$113,825
2023	$333,735	$242,463	$1,406,527	$91,272
2022	$307,497	$238,692	$1,315,255	$68,805
2021	$325,005	$186,532	$1,246,450	$138,473
2020	$280,258	$129,015	$1,112,977	$151,243
2019	$249,016	$110,145	$961,734	$138,871

PALMETTO GUN CLUB INC