THE PALMETTO OPERA (EIN 571129329) - 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

2001

Legal Domicile

Principal Officer

PAUL LEO

Phone

7036554896

Tax Period

2024-01-01 to 2024-12-31

THE PALMETTO OPERA, founded in 2001, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $96K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $107K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO RAISE AWARENESS OF OPERA AND FINE ARTS IN SC.

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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 $49,618

Program Service Revenue $30,264

Investment Income $16,095

Other Revenue $0

TOTAL REVENUE $95,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,790

Fundraising Expenses $0

Program Expenses $103,305

Other Expenses $94,435

TOTAL EXPENSES $107,225

Year-over-Year Comparison

	2024	2023	Change
Revenue	$95,977	$75,976	+0.3%
Expenses	$107,225	$99,731	+0.1%
Net Income	$-11,248	$-23,755	-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

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

$1,750

Total Directors

$1,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL LEO	CHAIR	1.00	Officer Director	$0	$0	$0
DR AUDREY SKRUPSKELIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MELANIE BECHT	TREASURER	1.00	Officer Director	$1,750	$0	$1,750
DARCIE FOUSTE	ACTING SECRETARY	1.00	Officer Director	$0	$0	$0
CHARMAINE CLOWNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHNNIE FELDER	BOARD MEMBER	1.00	Director	$0	$0	$0
LORETTA WINBURN	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
2025	No data	No data	No data	No data
2024	$95,977	$107,225	$150,908	$-11,248
2023	$75,976	$99,731	$164,320	$-23,755
2022	$63,677	$94,505	$179,077	$-30,828
2021	$215,970	$60,252	$218,820	$155,718

THE PALMETTO OPERA