Palmetto Recovery of Charleston

EIN: 922034529 501(c)(3) Mental Health

Charleston, SC

Total Revenue
$449,521
Total Expenses
$233,997
Total Assets
$737,393
Net Assets
$215,524
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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
SC
Phone
8433307374
Tax Period
2024-01-01 to 2024-12-31

Palmetto Recovery of Charleston, founded in 2024, is a small nonprofit in the Mental Health sector that reported $450K in total revenue in fiscal year 2024. The organization ran a surplus of $216K, a strong 48% operating margin.

Mission

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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $264,991
Program Service Revenue $184,530
Investment Income $0
Other Revenue $0
TOTAL REVENUE $449,521

Expense Breakdown

Grants Paid $0
Salaries & Benefits $123,922
Fundraising Expenses $747
Program Expenses $154,133
Other Expenses $110,075
TOTAL EXPENSES $233,997

Year-over-Year Comparison

2024 2023 Change
Revenue $449,521 N/A N/A
Expenses $233,997 N/A N/A
Net Income $215,524 N/A N/A
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
4
Volunteers
50

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
0
$0
Total Directors
5
$84,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ryan Stobis President 80.00
Director
$52,350 $0 $52,350
Anna Blanton Vice President 80.00
Director
$31,900 $0 $31,900
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
2024 $449,521 $233,997 $737,393 $215,524
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