PALMETTO LITERACY COUNCIL (EIN 841996226) - Form 990 Financial Analysis & Trantor Score

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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

Dr Julie D Hodges PhD

Phone

8439459278

Tax Period

2025-01-01 to 2025-12-31

PALMETTO LITERACY COUNCIL, founded in 2019, is a small nonprofit in the Education sector that reported $225K in total revenue in fiscal year 2025. Revenue surged 41% from the prior year, signaling strong growth momentum.

Mission

Palmetto Literacy Council PLC provides tutoring lessons to grade school children and adults. PLC has over 64 volunteer tutors who provide services to school children and adults who struggle with basic literacy and math skills. As of December 2025 69 children and 8 adults were receiving tutoring lessons for two hours per week representing an increase of 10% compared to one year ago.

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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 (2025)

Revenue Breakdown

Contributions & Grants $208,883

Program Service Revenue $0

Investment Income $0

Other Revenue $15,787

TOTAL REVENUE $224,670

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,771

Fundraising Expenses $7,943

Program Expenses $221,357

Other Expenses $73,586

TOTAL EXPENSES $229,300

Year-over-Year Comparison

	2025	2024	Change
Revenue	$224,670	$158,803	+0.4%
Expenses	$229,300	$185,930	+0.2%
Net Income	$-4,630	$-27,127	-0.8%

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

Volunteers

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

$39,038

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Julie Hodges	Executive Director	50.00	Officer	$39,038	$0	$39,038
Dr Preston McKever-Floyd	Chairman	1.00	Director	$0	$0	$0
Bonnie Kelley	Secretary	2.00	Director	$0	$0	$0
Dee Gainey	Treasurer	1.00	Director	$0	$0	$0
Bobbie Lipman	Director	3.00	Director	$0	$0	$0
Tom Winslow	Director	1.00	Director	$0	$0	$0
Tonya Robinson	Director	1.00	Director	$0	$0	$0
Taneisha Gore	Director	2.00	Director	$0	$0	$0
Kim Rodgers-Clora	Director	1.00	Director	$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	$224,670	$229,300	$54,892	$-4,630

PALMETTO LITERACY COUNCIL