SOUTHERN PALMETTO FOUNDATION (EIN 920316773) - 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

2023

Legal Domicile

Principal Officer

ROBERT SNEAD

Phone

8036212850

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN PALMETTO FOUNDATION, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $393K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

The Southern Palmetto Foundation works to drive positive economic Impact foster regional talent and improve overall quality of life throughout the CSRA with a focus on Barnwell and Allendale Counties.

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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 (2024)

Revenue Breakdown

Contributions & Grants $267,652

Program Service Revenue $119,402

Investment Income $0

Other Revenue $5,720

TOTAL REVENUE $392,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,908

Fundraising Expenses $62,284

Program Expenses $128,727

Other Expenses $239,484

TOTAL EXPENSES $392,392

Year-over-Year Comparison

	2024	2023	Change
Revenue	$392,774	$294,213	+0.3%
Expenses	$392,392	$287,312	+0.4%
Net Income	$382	$6,901	-0.9%

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

N/A

Independent Members

N/A

Employees

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

$79,281

Total Directors

Key Employees

$63,089

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Snead	President and CEO	40.00	Officer	$79,281	$0	$79,281
Enterick Lee	Director of Programs	40.00	Key Emp	$49,551	$0	$49,551
Adrian Crawford	Programming Assistant	20.00	Key Emp	$3,232	$0	$3,232
India Harltley	Director of Marketing and Membership	20.00	Key Emp	$7,384	$0	$7,384
Julia Dempsey	Grant Writer	20.00	Key Emp	$769	$0	$769
Zachary Williams	Palmetto Innovation Center Coordinator	20.00	Key Emp	$2,153	$0	$2,153

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
2024	$392,774	$392,392	$17,107	$382
2023	$294,213	$287,312	$17,641	$6,901

SOUTHERN PALMETTO FOUNDATION