PALMETTO ATHLETIC & ACADEMIC ASSOCIATION INC

EIN: 833965226 501(c)(3) Education

PALMETTO, FL

Total Revenue
$211,268
Total Expenses
$158,617
Total Assets
$66,692
Net Assets
$66,692
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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
FL
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.

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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 (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

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Governance

Voting Members
5
Independent Members
5
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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