PALMETTO PLACE CHILDREN AND YOUTH SERVICES (EIN 576029097) - 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

1977

Legal Domicile

Principal Officer

CLINT WALLACE

Phone

8037866819

Tax Period

2024-01-01 to 2024-12-31

PALMETTO PLACE CHILDREN AND YOUTH SERVICES, founded in 1977, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 30% operating deficit.

Mission

PROVIDES TEMPORARY EMERGENCY SHELTER SERVICES FOR ABUSED AND NEGLECTED CHILDREN.

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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 $447,203

Program Service Revenue $688,254

Investment Income $7,799

Other Revenue $-1,908

TOTAL REVENUE $1,141,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $976,508

Fundraising Expenses $122,966

Program Expenses $1,092,515

Other Expenses $506,954

TOTAL EXPENSES $1,483,462

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,141,348	$1,210,211	-0.1%
Expenses	$1,483,462	$1,371,700	+0.1%
Net Income	$-342,114	$-161,489	+1.1%

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

255

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

$87,437

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ERIC BROWN	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
SHELLI PUE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LISA CAMPBELL	BOARD MEMBER	1.00	Director	$0	$0	$0
CLINT WALLACE	TREASURER	1.00	Officer Director	$0	$0	$0
ALLISON MCGEE	SECRETARY	1.00	Officer Director	$0	$0	$0
COURTNEY EVANS	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH GUTHRIE	PRESIDENT	1.00	Officer Director	$0	$0	$0
KENNETH GIVENS	BOARD MEMBER	1.00	Director	$0	$0	$0
KENDRA MALLAT-BRUNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CORDELL BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHIRLEY CLARK	BOARD MEMBER	1.00	Director	$0	$0	$0
TOYANN KING	BOARD MEMBER	1.00	Director	$0	$0	$0
RENEE MCCORMICK	BOARD MEMBER	1.00	Director	$0	$0	$0
CRESTON BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACEY LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWN CARABALLO	EXECUTIVE DI	40.00	Officer	$87,437	$0	$87,437

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	$1,141,348	$1,483,462	$2,106,411	$-342,114
2023	$1,210,211	$1,371,700	$2,303,880	$-161,489
2022	$1,100,769	$1,365,316	$2,446,885	$-264,547
2021	$1,815,812	$1,507,634	$2,724,369	$308,178
2020	$1,408,816	$1,602,222	$2,437,647	$-193,406
2018	$1,428,008	$1,571,535	$2,593,507	$-143,527

PALMETTO PLACE CHILDREN AND YOUTH SERVICES