Palmetto Housing Corporation (EIN 582474615) - 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

1999

Legal Domicile

Principal Officer

Dr Alphonso Bradley

Phone

8436694163

Tax Period

2023-10-01 to 2024-09-30

Palmetto Housing Corporation, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $109K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $42K, a strong 39% operating margin.

Mission

Housing assistance and obtaining affordable housing.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $97,588

Investment Income $0

Other Revenue $11,050

TOTAL REVENUE $108,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $53,352

Other Expenses $66,445

TOTAL EXPENSES $66,445

Year-over-Year Comparison

	2023	2022	Change
Revenue	$108,638	$124,000	-0.1%
Expenses	$66,445	$81,711	-0.2%
Net Income	$42,193	$42,289	0.0%

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

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

$138,288

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Howard Parnell Jr	Chairman	0.00	Officer Director	$0	$0	$0
John Etheridge III	Vice Chairman	0.00	Officer Director	$0	$0	$0
Monica White	Treasurer	0.00	Officer Director	$0	$0	$0
Rev Calvin Robinson	Board Member	0.00	Director	$0	$0	$0
Wanda Vereen	Board Member	0.00	Director	$0	$0	$0
Linda Barr Williams	Board Member	0.00	Director	$0	$0	$0
Dr Alphonso Bradley	Executive Director	1.00	Officer	$0	$9,421	$138,288

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	$108,638	$66,445	$1,694,359	$42,193
2023	$124,000	$81,711	$2,160,543	$42,289
2022	$122,442	$2,154,510	$2,115,764	$-2,032,068
2021	$116,078	$573,732	$3,793,639	$-457,654
2020	$126,835	$182,478	$4,247,145	$-55,643
2019	$142,079	$50,449	$4,317,629	$91,630
2018	$103,723	$13,030	$4,200,283	$90,693

Palmetto Housing Corporation