PALMETTO YOUTH CENTER INC (EIN 591090377) - 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

1957

Legal Domicile

Principal Officer

REGINALD BELLAMY

Phone

9417230783

Tax Period

2024-07-01 to 2025-06-30

PALMETTO YOUTH CENTER INC, founded in 1957, is a small nonprofit that reported $783K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE A SAFE AND WHOLESOME ENVIRONMENT IN OUR COMMUNITY WHERE ITS MEMBERS, YOUNG AND OLD, CAN LEARN, ACHIEVE AND SUCCEED IN POSITIVE AND PRODUCTIVE WAYS. WE TARGET OUR YOUTH BEFORE THEY ARE INTRODUCED TO DRUGS, CRIMES AND OTHER UNHEALTHY LIFESTYLES. WE ATTEMPT TO ESTABLISH A STRONG FOUNDATION OF HIGH MORALS AND VALUES THROUGH PROGRAMS DESIGNED FOR ACADEMIC, ATHLETIC, CULTURAL, RECREATIONAL AND SOCIAL PROFICIENCY.

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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 $516,716

Program Service Revenue $92,255

Investment Income $0

Other Revenue $174,216

TOTAL REVENUE $783,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $328,232

Fundraising Expenses $4,891

Program Expenses $701,633

Other Expenses $507,350

TOTAL EXPENSES $835,582

Year-over-Year Comparison

	2024	2023	Change
Revenue	$783,187	$709,513	+0.1%
Expenses	$835,582	$763,604	+0.1%
Net Income	$-52,395	$-54,091	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

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREIDA BELLAMY	SECRETARY	2.00	Officer Director	$0	$0	$0
REV CHARLES NEWSOME	CHAIRMAN	2.00	Officer Director	$0	$0	$0
PATRICIA JOHNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
REGINALD BELLAMY	EXECUTIVE DIRECTOR	40.00	Officer	$60,000	$0	$60,000

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	$783,187	$835,582	$640,397	$-52,395
2024	No data	No data	No data	No data
2023	$654,647	$735,100	$720,609	$-80,453
2022	$645,522	$753,971	$779,217	$-108,449
2021	$654,005	$618,603	$933,049	$35,402
2021	$661,627	$679,447	$895,817	$-17,820
2020	$698,715	$738,159	$925,626	$-39,444
2019	$797,595	$782,622	$964,724	$14,973
2018	$693,646	$688,201	$973,495	$5,445
2018	$693,646	$688,201	$973,495	$5,445

PALMETTO YOUTH CENTER INC