THE PALMETTO CLUB INC (EIN 590863397) - 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

1983

Legal Domicile

Principal Officer

DIANE LESSARD

Phone

3863223602

Tax Period

2024-05-01 to 2025-04-30

THE PALMETTO CLUB INC, founded in 1983, is a micro nonprofit in the Unknown sector that reported $75K in total revenue in fiscal year 2024. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $126K exceeded revenue, resulting in a 68% operating deficit.

Mission

FUNDRAISING FOR CHARITIES

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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 $65,629

Program Service Revenue $0

Investment Income $217

Other Revenue $9,281

TOTAL REVENUE $75,127

Expense Breakdown

Grants Paid $6,900

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $120,852

Other Expenses $119,433

TOTAL EXPENSES $126,333

Year-over-Year Comparison

	2024	2023	Change
Revenue	$75,127	$525,271	-0.9%
Expenses	$126,333	$108,630	+0.2%
Net Income	$-51,206	$416,641	-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

N/A

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
DIANE LESSARD	PRESIDENT/IN	N/A	Officer Director	$0	$0	$0
THERESA ADAZZIO	1ST VICE PRE	N/A	Officer Director	$0	$0	$0
SUSAN HAYNES	2ND VICE PRE	N/A	Officer Director	$0	$0	$0
JUDY LANGSTON	3RD VICE PRE	N/A	Officer Director	$0	$0	$0
VIVIAN MOREAU	RECORDING SE	N/A	Officer Director	$0	$0	$0
DONNA REISCH	CORRESPONDIN	N/A	Officer Director	$0	$0	$0
CECILIA FARRELL	FINANCIAL SE	N/A	Officer Director	$0	$0	$0
RUTH SNYDER	CO-TREASURER	N/A	Officer 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	$75,127	$126,333	$669,392	$-51,206
2024	$525,271	$108,630	$722,451	$416,641
2023	$292,162	$79,917	$246,684	$212,245

THE PALMETTO CLUB INC