NORTH CHARLESTON, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PALMETTO EXCEL INC, founded in 2020, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 19% operating deficit.
PALMETTO EXCEL IS A TUITION-FREE CHARTER HIGH SCHOOL FOR ADULTS THAT STRIVES TO REMOVE BARRIERS THROUGH FLEXIBLE SCHEDULING, ACCELERATED COURSES, FREE CHILD CARE, AND SUPPORTED SERVICES SO THAT INDIVIDUALS CAN EARN A DIPLOMA.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,762,264 | $2,263,876 | -0.2% |
| Expenses | $2,100,224 | $1,871,757 | +0.1% |
| Net Income | $-337,960 | $392,119 | -1.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ERICA WRIGHT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| FRAN WELCH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| HERBERT DRAYTON III | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KELLEY JARRETT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KELLYE WHITAKER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN ITZKOWITZ | BOARD MEMBER (NONVOTING) | 1.00 |
Director
|
$0 | $0 | $0 |
| LEE DEAS | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL SABOE | PAST CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| AMY MIMS | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRIST HARVEY | FINANCE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ELLIOT SMALLEY | SENIOR DIRECTOR | 1.00 |
Officer
|
$0 | $32,408 | $261,832 |
| RUTH CHAMBERS TURNER | SCHOOL DIRECTOR | 1.00 |
Officer
|
$0 | $2,339 | $93,794 |
| JEREMY EASLEY | SCHOOL DIRECTOR | 1.00 |
Officer
|
$0 | $1,419 | $76,711 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,762,264 | $2,100,224 | $676,895 | $-337,960 |
| 2024 | $2,263,876 | $1,871,757 | $832,901 | $392,119 |
Compare PALMETTO EXCEL INC with other nonprofits in South Carolina and across the country.