Palmetto Project

What it reported doing in 2024

Insure sc: palmetto project continued its enrollment assister work throughout 2024 as licensed insurance agents who provided enrollment assistance for medicare advantage and medigap/medicare supplement plans, marketplace plans, and sc healthy connections medicaid. All licensed agents are salaried, with commission revenue directed to palmetto project, so their focus is on finding the best health care coverage for the consumer. This also included referrals to prescription assistance programs, federally qualified health centers, free clinics, and other community-based services. Agents provided direct enrollment assistance to 3,132 medicare and marketplace consumers. 250 very low income medicare-eligible individuals were assisted with applications for medicare savings programs. Children's health sc: palmetto project continued working with low- and moderate-income families in sc to provide education, outreach, and application assistance for sc healthy connections medicaid to identify uninsured and underinsured children. Our team of licensed insurance agents and our americorps member works with families to complete the sc healthy connections medicaid initial and renewal applications, submit it, and follow it through to eligibility determination. Application assistance and education about dental and vision benefits and the importance of seeking preventive care was delivered to 451 families. My vax sc: palmetto project has continued its previous work of providing vaccination resources to underserved communities. The my vax sc program was created to promote vaccine literacy in rural and underserved communities of berkeley, dorchester, and colleton counties, with the goal of increasing the number of vaccinations in these communities by reducing vaccine hesitancy. This effort supports flu, covid, and vaccines for older adults such as shingles and pneumonia. Palmetto project has partnered with 12 local organizations to provide vaccine information and resources. 20 community events have been tabled by palmetto project staff, in addition to 3 large scale events: black expo, taste of black charleston, and charleston pride. 2500 individuals have been reached directly from in person events palmetto project has attended, 10,000+ indirectly through social media campaigns, radio ads, tv ads, newspaper articles, toolkit distributions, and the flagship website www.myvaxsc.org. Dolly parton's imagination library sc (dpil-sc)/begin with books: dpil-sc improves early literacy by enabling young children to build a home library and increase their school readiness. Through its partnership with dolly parton's imagination library, palmetto project is working to provide each South Carolina child under age five a free, developmentally-appropriate book each month. Begin with books, our program in charleston county, is one of the most successful examples of how this program can change children's lives. Statewide, we are serving more than 27,000 children under the age of five. Families helping families: for more than 33 years, the palmetto project has provided a lifeline to families in crisis through its network of social service agencies and community-minded organizations across the midlands region. Many south carolinians know fhf because of its christmas programming that provides food, clothing, and christmas gifts for 4,026 families (11,147 individuals) with urgent and emergency needs. Homeless to hope fund: founded in february 2016, the homeless to hope fund is the nonprofit arm of a larger public-private partnership to address homelessness in charleston, berkeley, and dorchester counties. Taxdeductible donations are used to assist approved local service providers in providing temporary shelter and support to individuals committed to transitioning to permanent housing and independent living. This includes the development of a regional center for managing access to local services and service organizations. Lowcountry ministries fund: this fund was establishe

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 89.6%; rating input score 90
• Fundraising efficiency: $108.75 raised per $1 spent on fundraising; rating input score 87; 87th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 96.9%; rating input score 97; 32nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -14.2%; rating input score 10; 10th percentile among comparable filings
• Total-asset coverage ratio: 0.6; rating input score 21; 21st percentile among comparable filings
• Liabilities to assets ratio: 0.27; rating input score 36; 36th percentile among comparable filings
• Officer compensation ratio: 7.4%; rating input score 40; 40th percentile among comparable filings

Growth

• Program expense growth: 2.2% per year; rating input score 100; 23rd percentile among comparable filings
• Revenue growth: 4.2% per year; rating input score 100; 36th percentile among comparable filings
• Asset growth: 10% per year; rating input score 100; 59th percentile among comparable filings