PALMETTO FRONT LINE FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

MATTHEW COLE

Phone

8433645606

Tax Period

2024-11-01 to 2025-10-31

PALMETTO FRONT LINE FOUNDATION, founded in 2017, is a micro nonprofit in the Public & Societal Benefit sector that reported $99K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $251K exceeded revenue, resulting in a 153% operating deficit.

Mission

SERVE AND HELP VETERANS AND FIRST RESPONDERS HEAL FROM TRAUMA AND BETTER THEIR LIVES.

Program Service Accomplishments

Program 1

Expenses: $80,340

VETERANS OUTREACH-SERVES VETERANS OF ALL AGES THROUGH NURSING HOME VISITS, MEAL DELIVERY SERVICES AND VARIETY OF EVENTS TO SHOW VETERANS THEY ARE VALUED, LOVED AND NEVER FORGOTTEN.

Program 2

Expenses: $44,051

NATURE THERAPY-PROVIDES OUTDOOR RECREATION OPPORTUNITIES FOR VETERANS AND THEIR FAMILIES TO ENGAGE THE HEALING POWER OF THE GREAT OUTDOORS.

Program 3

Expenses: $41,463

NAVIGATION SERVICES-THROUGH A STRONG NETWORK OF PARTNERS, WLS FOUNDATION HELPS BY PROVIDING VARIOUS SERVICES TO MEET THE INDIVIDUAL NEEDS OF THE VETERAN (TO INCLUDE FINANCIAL PLANNING, LEGAL...

NAVIGATION SERVICES-THROUGH A STRONG NETWORK OF PARTNERS, WLS FOUNDATION HELPS BY PROVIDING VARIOUS SERVICES TO MEET THE INDIVIDUAL NEEDS OF THE VETERAN (TO INCLUDE FINANCIAL PLANNING, LEGAL SERVICES, AND EMPLOYMENT COUNSELING).

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $31,845

Program Service Revenue $0

Investment Income $74

Other Revenue $67,224

TOTAL REVENUE $99,143

Expense Breakdown

Grants Paid $20,037

Salaries & Benefits $143,664

Fundraising Expenses $18,523

Program Expenses $176,959

Other Expenses $86,914

TOTAL EXPENSES $250,615

Year-over-Year Comparison

	2024	2023	Change
Revenue	$99,143	$355,853	-0.7%
Expenses	$250,615	$317,768	-0.2%
Net Income	$-151,472	$38,085	-5.0%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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

$163,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK ELSWICK	PRESIDENT ENDED MARCH 2025	40.00	Officer	$102,500	$0	$102,500
LAUREN TAYLOR	CHIEF OF OPERATIONS	40.00	Officer	$61,200	$0	$61,200
RICK ATKINS	BOARD MEMBER FORMER	10.00	Director	$0	$0	$0
JAMES M COLE	CHAIRMAN FORMER	10.00	Director	$0	$0	$0
THOMAS F DUNAWAY	BOARD MEMBER FORMER	10.00	Director	$0	$0	$0
RONNIE M COLE	BOARD MEMBER	10.00	Director	$0	$0	$0
CHRIS TURNER	VICE-CHAIRMAN	10.00	Director	$0	$0	$0
SAM GAITHER	CHAIRMAN	10.00	Director	$0	$0	$0
TAYLOR SMITH	SECRETARY	10.00	Director	$0	$0	$0
JEFF BLANKENSHIP	TREASURER	10.00	Director	$0	$0	$0
ISSAC LEWIS	BOARD MEMBER	10.00	Director	$0	$0	$0
JOSH TAYLOR	BOARD MEMBER	10.00	Director	$0	$0	$0
MATTHEW COLE	PRESIDENT	20.00	Officer	$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	$99,143	$250,615	$659,467	$-151,472
2024	$355,853	$317,768	$810,939	$38,085
2023	$347,111	$240,851	$760,264	$106,260
2022	$283,155	$224,969	$653,999	$58,186
2021	$516,951	$218,968	$599,583	$297,983
2020	$185,166	$145,375	$300,147	$39,791
2019	$318,601	$125,589	$259,560	$193,012