PALMETTO FRONT LINE FOUNDATION

EIN: 823260918 501(c)(3) Public & Societal Benefit

Anderson, SC

Total Revenue
$99,143
Total Expenses
$250,615
Total Assets
$659,467
Net Assets
$659,467
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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
2017
Legal Domicile
SC
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.

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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%)

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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
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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

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Governance

Voting Members
7
Independent Members
7
Employees
3
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
3
$163,700
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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