PALMETTO INNOVASPHERE INC (EIN 992169596) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2024

Legal Domicile

Principal Officer

CECILIA ZAPATA-HARMS

Phone

8649184324

Tax Period

2025-01-01 to 2025-12-31

PALMETTO INNOVASPHERE INC, founded in 2024, is a small nonprofit in the Science & Technology sector that reported $384K in total revenue in fiscal year 2025. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $197K, a strong 51% operating margin.

Mission

TO LEAD THE ADVANCEMENT AND GROWTH OF LIFE SCIENCE, BIOTECHNOLOGY AND DIGITAL HEALTH INNOVATION RESULTING IN CORPORATE SUCCESS AND ECONOMIC DEVELOPMENT FOR SOUTH CAROLINA AND THE SOUTHEAST REGION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $204,000

Program Service Revenue $180,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $384,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,053

Fundraising Expenses $18,338

Program Expenses $149,861

Other Expenses $65,154

TOTAL EXPENSES $187,207

Year-over-Year Comparison

	2025	2024	Change
Revenue	$384,000	$335,000	+0.1%
Expenses	$187,207	$325,394	-0.4%
Net Income	$196,793	$9,606	+19.5%

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

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

$97,000

Total Directors

$97,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LILLIA HOLMES	COO	40.00	Officer Director	$62,000	$0	$62,000
CECILIA ZAPATA-HARMS	CEO	40.00	Officer Director	$35,000	$0	$35,000
MATTHEW CANNON	DIRECTOR	N/A	Director	$0	$0	$0
BRUCE HOLSTIEN	DIRECTOR	N/A	Director	$0	$0	$0
BOB HUGHES	DIRECTOR	N/A	Director	$0	$0	$0
EUGENE LUSKIN	DIRECTOR	N/A	Director	$0	$0	$0
ALLEN SMITH	DIRECTOR	N/A	Director	$0	$0	$0
STEVE TRAKAS	DIRECTOR	N/A	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	$384,000	$187,207	$215,909	$196,793
2024	No data	No data	No data	No data

PALMETTO INNOVASPHERE INC