COLUMBIA, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PALMETTO STATE GROWTH FUND INC, founded in 1992, is a community nonprofit in the Public & Societal Benefit sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $883K, a strong 55% operating margin.
PALMETTO STATE GROWTH FUND LESSENS THE BURDENS OF SOUTH CAROLINA'S STATE GOVERNMENT BY ASSISTING THE SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY IN MEETING ITS STATUTORY PURPOSES AND OBLIGATIONS OF PROMOTING ECONOMIC DEVELOPMENT AND INCREASING AND/OR RETAINING EMPLOYMENT IN SOUTH CAROLINA.
PALMETTO STATE GROWTH FUND PROVIDES LOAN AND EQUITY FUNDING FOR ECONOMIC DEVELOPMENT INITIATIVES THAT PROMOTE PRIVATE BUSINESS DEVELOPMENT AND JOB GROWTH. THE COMPANY PROVIDES LOANS TO A SPECIALIZED...
PALMETTO STATE GROWTH FUND PROVIDES LOAN AND EQUITY FUNDING FOR ECONOMIC DEVELOPMENT INITIATIVES THAT PROMOTE PRIVATE BUSINESS DEVELOPMENT AND JOB GROWTH. THE COMPANY PROVIDES LOANS TO A SPECIALIZED SMALL BUSINESS LENDER WHICH IN TURN USES THE FUNDS TO PURCHASE LOAN PARTICIPATIONS IN SMALL BUSINESS LOANS THAT WOULD NOT BE MADE THROUGH TRADITIONAL SOURCES.
PALMETTO STATE GROWTH FUND IS A LIMITED PARTNER IN A SBA SMALL BUSINESS INVESTMENT COMPANY (SBIC) WHICH MAKES BUSINESS LOANS AND EQUITY INVESTMENTS IN LOWER MIDDLE MARKET BUSINESSES. THE COMPANY'S...
PALMETTO STATE GROWTH FUND IS A LIMITED PARTNER IN A SBA SMALL BUSINESS INVESTMENT COMPANY (SBIC) WHICH MAKES BUSINESS LOANS AND EQUITY INVESTMENTS IN LOWER MIDDLE MARKET BUSINESSES. THE COMPANY'S INVESTMENT PROVIDED INITIAL CAPITAL FOR THE SBIC WHICH IS THE FIRST SBIC BASED IN SOUTH CAROLINA. THE SBIC WAS LICENSED AND BEGAN OPERATIONS IN 2018. PALMETTO STATE GROWTH FUND ALSO PARTICIPATED IN A SECOND LIMITED PARTNERSHIP DURING THE YEAR WHICH INVESTED IN SOUTH CAROLINA SMALL BUSINESSES AND INCURRED 83,186 IN EXPENSES DURING THE YEAR.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,609,068 | $1,457,759 | +0.1% |
| Expenses | $726,498 | $516,483 | +0.4% |
| Net Income | $882,570 | $941,276 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KAREN J CALHOUN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| J THOMAS JOHNSON | PRESIDENT & | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL W NIX | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES A SHUFORD | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GREG THOMPSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,609,068 | $726,498 | $21,384,660 | $882,570 |
| 2022 | $1,457,759 | $516,483 | $20,785,548 | $941,276 |
| 2021 | $877,649 | $398,584 | $19,870,017 | $479,065 |
| 2020 | $718,900 | $425,031 | $19,396,806 | $293,869 |
| 2019 | $656,601 | $397,563 | $19,102,651 | $259,038 |
| 2018 | $405,785 | $392,565 | $18,846,819 | $13,220 |
Compare PALMETTO STATE GROWTH FUND INC with other nonprofits in South Carolina and across the country.