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.
THE MISSION OF PALMETTO EXCEL-A LOCALLY-DRIVEN CHARTER SCHOOL BASED ON THE NATIONAL EXCEL CENTER MODEL-IS TO PROVIDE ADULTS THE OPPORTUNITY AND SUPPORT TO EARN HIGH SCHOOL DIPLOMAS AND POSTSECONDARY EDUCATION WHILE DEVELOPING CAREER PATHS THAT OFFER BETTER-THAN-AVERAGE EMPLOYMENT AND GROWTH OPPORTUNITIES.
FOCUS ON DIPLOMAS AND WORKFORCE TRAINING/CERTIFICATION FOR STUDENTS OVER THE AGE OF 21. PALMETTO EXCEL WILL EXCLUSIVELY SERVE ADULTS OVER THE AGE OF 21 GRANTING DIPLOMAS AND OFFERING COLLEGE CREDIT...
FOCUS ON DIPLOMAS AND WORKFORCE TRAINING/CERTIFICATION FOR STUDENTS OVER THE AGE OF 21. PALMETTO EXCEL WILL EXCLUSIVELY SERVE ADULTS OVER THE AGE OF 21 GRANTING DIPLOMAS AND OFFERING COLLEGE CREDIT AND WORKFORCE CERTIFICATIONS MAKING IT THE ONLY HIGH SCHOOL OF ITS KIND IN SOUTH CAROLINA. EXCEL GRADUATED ITS FIRST CLASS OF STUDENTS, 100% OF WHOM EARNED BOTH HIGH SCHOOL DIPLOMAS AND WORKFORCE CERTIFICATIONS.
FULL-TIME LIFE COACHES. RECOGNIZING THE UNIQUE STRESSORS, SKILLS AND NEEDS OF ADULT STUDENTS, PALMETTO EXCEL WILL EMPLOY FULL-TIME LIFE COACHES WHO WILL WORK WITH STUDENTS ON SCHEDULING CLASSES...
FULL-TIME LIFE COACHES. RECOGNIZING THE UNIQUE STRESSORS, SKILLS AND NEEDS OF ADULT STUDENTS, PALMETTO EXCEL WILL EMPLOY FULL-TIME LIFE COACHES WHO WILL WORK WITH STUDENTS ON SCHEDULING CLASSES, SETTING GOALS, CREATING INDIVIDUALIZED PLANS, TRACKING GRADUATION REQUIREMENTS AND PROVIDING ADDITIONAL SUPPORT. LIFE COACHING AT PALMETTO EXCEL WILL ADDRESS THE MAJOR LIFE BARRIERS AND ISSUES THAT MOST OFTEN PREVENT STUDENTS FROM BEING SUCCESSFUL IN SCHOOL AND IN LIFE. RECENT GRADUATES ACHIEVED 100% OF WORKFORCE CREDENTIALS.
DROP-IN CARE FOR STUDENT'S YOUNG CHILDREN. CHILDCARE IS A KEY BARRIER FOR ADULT STUDENTS WHO WANT TO PURSUE THEIR DIPLOMAS. PALMETTO EXCEL WILL REMOVE THIS BARRIER BY OFFERING FULLY-STAFFED, HIGH...
DROP-IN CARE FOR STUDENT'S YOUNG CHILDREN. CHILDCARE IS A KEY BARRIER FOR ADULT STUDENTS WHO WANT TO PURSUE THEIR DIPLOMAS. PALMETTO EXCEL WILL REMOVE THIS BARRIER BY OFFERING FULLY-STAFFED, HIGH QUALITY DROP-IN CARE ON OR NEAR CAMPUS, ALLOWING STUDENTS TO ATTEND CLASS WHENEVER THEIR SCHEDULES ALLOW.
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.