Palmetto Recovery of Charleston

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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

2024

Legal Domicile

Phone

8433307374

Tax Period

2025-01-01 to 2025-12-31

Palmetto Recovery of Charleston, founded in 2024, is a small nonprofit in the Mental Health sector that reported $528K in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $500K left a modest 5% surplus.

Mission

To empower alcoholics and addicts to lead meaningful lives through community and connection.

Program Service Accomplishments

Program 1

Expenses: $333,479 Revenue: $527,406

To empower alcoholics and addicts to lead meaningful lives through community and connection.

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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 $713

Program Service Revenue $527,406

Investment Income $1

Other Revenue $0

TOTAL REVENUE $528,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,621

Fundraising Expenses $692

Program Expenses $333,479

Other Expenses $323,618

TOTAL EXPENSES $500,239

Year-over-Year Comparison

	2025	2024	Change
Revenue	$528,120	$449,521	+0.2%
Expenses	$500,239	$233,997	+1.1%
Net Income	$27,881	$215,524	-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

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

Total Directors

$149,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ryan Strobis	President	80.00	Director	$0	$0	$74,350
Anna Blanton	Vice President	80.00	Director	$0	$0	$74,650
Richard Ellis	Secretary	5.00	Director	$0	$0	$0
Nancy Monteith	Secretary	5.00	Director	$0	$0	$0
Kara Donvito	Director	5.00	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	$528,120	$500,239	$758,265	$27,881
2024	$449,521	$233,997	$737,393	$215,524