Palmetto Employee Assistance Programs (EIN 570962596) - 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

1994

Legal Domicile

Principal Officer

John Hart

Phone

8039043238

Tax Period

2021-07-01 to 2022-06-30

Palmetto Employee Assistance Programs, founded in 1994, is a small nonprofit that reported $612K in total revenue in fiscal year 2021. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

Extend to employed citizens of South Carolina and North Carolina is the opportunity to be served by a employee assistance program. Eighty-six business entities, having approximately 20,000 citizens in fifty three (53) counties covered being served.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $626,551

Investment Income $-14,177

Other Revenue $0

TOTAL REVENUE $612,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $158,664

Fundraising Expenses $0

Program Expenses $547,272

Other Expenses $481,034

TOTAL EXPENSES $639,698

Year-over-Year Comparison

	2021	2020	Change
Revenue	$612,374	$483,019	+0.3%
Expenses	$639,698	$516,850	+0.2%
Net Income	$-27,324	$-33,831	-0.2%

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

N/A

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
Caroline Trawick LPC LAC CEAP	Clinical Director	40.00		$51,624	$0	$51,624
David Jameson	Member	1.00	Director	$0	$0	$0
Janice Punzirudu	Member	1.00	Director	$0	$0	$0
Steve Love	Member	1.00	Director	$0	$0	$0
Angela Outing	Member	1.00	Director	$0	$0	$0
Mike Dennis	Member	1.00	Director	$0	$0	$0
Annalynn Barnett	Member	1.00	Director	$0	$0	$0
Kaitlin Blanco-Silva	CEO	40.00	Officer	$0	$0	$0
John Hart	Chairman	2.00	Officer	$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
2022	$612,374	$639,698	No data	$-27,324
2021	$483,019	$516,850	$74,071	$-33,831
2020	$483,437	$447,993	$107,579	$35,444
2019	$266,940	$232,433	$69,935	$34,507

Palmetto Employee Assistance Programs