THE PROMISE IN GLEN ROSE INC (EIN 030413764) - Form 990 Financial Analysis & Trantor Score

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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

2002

Principal Officer

JOSHUA LEE

Phone

2548973926

Tax Period

2024-01-01 to 2024-12-31

THE PROMISE IN GLEN ROSE INC, founded in 2002, is a community nonprofit in the Religion sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 163% from the prior year, signaling strong growth momentum.

Mission

TO PRESENT A VISUAL AND MUSICAL ILLUSTRATION OF THE FULFILLMENT OF GOD'S PROMISE TO ESTABLISH HIS KINGDOM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $378,348

Program Service Revenue $1,103,443

Investment Income $0

Other Revenue $169,065

TOTAL REVENUE $1,650,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $893,466

Fundraising Expenses $15,335

Program Expenses $1,681,729

Other Expenses $863,858

TOTAL EXPENSES $1,757,324

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,650,856	$628,311	+1.6%
Expenses	$1,757,324	$546,497	+2.2%
Net Income	$-106,468	$81,814	-2.3%

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

306

Volunteers

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
DAN DELGADO	DIRECTOR	N/A	Director	$0	$0	$0
AIMEE FLOURNOY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BRADY GRAY	TREASURER	N/A	Director	$0	$0	$0
JOSHUA LEE	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
JONATHAN STICKLAND	BOARD PRESID	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
2024	$1,650,856	$1,757,324	$481,124	$-106,468
2023	$628,311	$546,497	$550,934	$81,814
2022	$650,507	$510,182	$469,825	$140,325
2021	$682,648	$483,307	$331,350	$199,341
2020	$381,262	$466,036	$199,151	$-84,774
2019	$626,702	$608,855	$225,132	$17,847
2018	$577,331	$707,255	$206,149	$-129,924

THE PROMISE IN GLEN ROSE INC