Palmetto Foundation for Prevention and Recovery
Nonprofit profile at a glance
- EIN
- 823037726
- IRS 990-EZ coverage
- 2018–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-EZ 2025
- Location
- Chapin, SC, US
- Phone
- 803-200-1933
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Alcohol, Drug and Substance Abuse, Dependency Prevention and Treatment
Reported finances
- Revenue
- $96,434
- Expenses
- $229,187
- Assets
- $476,363
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- Bruce P Loveless (President)
- William Edwards (Vice President)
People named in this filing
- Bruce P Loveless (President)
- William Edwards (Vice President)
- John Sowards (Board Member)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To prevent the youth from engaging in substance use, while inspiring them toward resilient social and emotional choices.
What it reported doing in 2025
To save youth from the effects of substance abuse by inspiring and empowering them to make choices that will benefit them throughout their lives
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 91
- Sustainability: 23
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 94.2%; rating input score 94
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 2nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -137.7%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 2.08; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 19.5%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 14.2% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 14.4% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 32.8% per year; rating input score 100; 91st percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 100% of revenue deployed · 94.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $216K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2018 to 2025
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 6/100.
- High — Sustainability: Officer compensation ratio scored 8/100.