PALMETTO ATHLETIC & ACADEMIC ASSOC… - Form 990 Financial Data

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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

2019

Legal Domicile

Principal Officer

ROBERT SEVENSON

Tax Period

2020-07-01 to 2021-06-30

PALMETTO ATHLETIC & ACADEMIC ASSOCIATION INC, founded in 2019, is a small nonprofit in the Education sector that reported $211K in total revenue in fiscal year 2020. Revenue surged 572% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 25% operating margin.

Mission

TO PROMOTE ATHLETICS AND TO ORGANIZE THE COMMUNITY TO SUPPORT THE ATHLETIC PROGRAMS AT PALMETTO HIGH SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $66,176 Revenue: $54,650

TO PROMOTE ATHLETICS THROUGH SCHOLARSHIPS, AND TO ORGANIZE THE COMMUNITY TO SUPPORT THE ATHLETIC PROGRAMS AT PALMETTO HIGH SCHOOL.

Program 2

Expenses: $15,399 Revenue: $11,985

TO ORGANIZE COMMUNITY FISHING TOURNAMENT TO SUPPORT THE ATHLETIC PROGRAMS OF PALMETTO HIGH SCHOOL

Program 3

Expenses: $9,853 Revenue: $1,200

TO ORGANIZE COMMUNITY GOLF TOURNAMENT TO SUPPORT THE ATHLETIC PROGRAMS OF PALMETTO HIGH SCHOOL

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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 (2020)

Revenue Breakdown

Contributions & Grants $143,433

Program Service Revenue $67,835

Investment Income $0

Other Revenue $0

TOTAL REVENUE $211,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $91,428

Other Expenses $158,617

TOTAL EXPENSES $158,617

Year-over-Year Comparison

	2020	2019	Change
Revenue	$211,268	$31,445	+5.7%
Expenses	$158,617	$17,404	+8.1%
Net Income	$52,651	$14,041	+2.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL AMERES	VICE-PRESIDE	N/A	Officer	$0	$0	$0
THOMAS A PORTER	PARLIAMENTAR	N/A	Officer	$0	$0	$0
STEPHEN C PRUCNELL	TREASURER	N/A	Officer	$0	$0	$0
ROBERT SEVENSON	PRESIDENT	N/A	Officer	$0	$0	$0
GREGORY STEVENSON	SECRETARY	N/A	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
2021	$211,268	$158,617	$66,692	$52,651

PALMETTO ATHLETIC & ACADEMIC ASSOCIATION INC