PROMISE MINISTRIES

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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

1998

Legal Domicile

Principal Officer

LINDSEY CREAMER

Phone

9729370488

Tax Period

2023-01-01 to 2023-12-31

PROMISE MINISTRIES, founded in 1998, is a small nonprofit in the Human Services sector that reported $786K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $762K left a modest 3% surplus.

Mission

To provide quality childcare for children ages four months to nine years and for special needs children.

Program Service Accomplishments

Program 1

Expenses: $579,562 Revenue: $786,236

To provide quality childcare for children ages four weeks through nine years old. Our room numbers and total enrollment are kept low, in order to provide a safe environment and individual attention to each child. We also provide services to families with children who have special needs.

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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 (2023)

Revenue Breakdown

Contributions & Grants $259,475

Program Service Revenue $526,955

Investment Income $0

Other Revenue $0

TOTAL REVENUE $786,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $551,140

Fundraising Expenses $62

Program Expenses $579,562

Other Expenses $210,753

TOTAL EXPENSES $761,893

Year-over-Year Comparison

	2023	2022	Change
Revenue	$786,430	$959,459	-0.2%
Expenses	$761,893	$760,258	+0.0%
Net Income	$24,537	$199,201	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEISHA C ORMAN	DIRECTOR	40.00		$45,850	$0	$45,850
HEATHER LODEZ	ADMIN	40.00		$38,772	$0	$38,772
GIOVANNA M CHAVEZ	ASST DRECTOR	40.00		$34,337	$0	$34,337
KARISSA LAQUAY	Vice President	1.00	Officer	$0	$0	$0
JEREMY NORMAN	Treasurer	1.00	Officer	$0	$0	$0
LINDSEY CREAMER	President	1.00	Officer	$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	No data	No data	No data	No data
2023	$786,430	$761,893	$961,880	$24,537
2022	$959,459	$760,258	$974,412	$199,201
2021	$752,280	$610,315	$815,458	$141,965
2020	$540,081	$586,034	$705,728	$-45,953
2019	$605,367	$619,709	$699,529	$-14,342
2018	$576,771	$604,407	$732,290	$-27,636