PLACE OF PROMISE INC

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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

1994

Legal Domicile

Principal Officer

JEFFRY KIEL

Phone

9784527217

Tax Period

2024-07-01 to 2025-06-30

PLACE OF PROMISE INC, founded in 1994, is a small nonprofit in the Religion sector that reported $710K in total revenue in fiscal year 2024. The organization ran a surplus of $201K, a strong 28% operating margin.

Mission

PROVIDE A RESIDENCE AND INTEGRATED SUPPORTIVE SERVICES WITHIN COMMUNITY TO HELP EACH INDIVIDUAL REALIZE THEIR MAXIMUM POTENTIAL - PHYSICAL, MENTAL, AND SPIRITUAL.

Program Service Accomplishments

Program 1

Expenses: $406,840 Revenue: $58,016

PROVIDING A RESIDENCE WITH INTEGRATED SUPPORT SERVICES, PLACE OF PROMISE: - SERVED 215 IN CORE PROGRAMS INCLUDING 110 IN ADULT RESIDENTIAL ADDICTION RECOVERY, 95 IN KIDS OF PROMISE SUMMER AND...

PROVIDING A RESIDENCE WITH INTEGRATED SUPPORT SERVICES, PLACE OF PROMISE: - SERVED 215 IN CORE PROGRAMS INCLUDING 110 IN ADULT RESIDENTIAL ADDICTION RECOVERY, 95 IN KIDS OF PROMISE SUMMER AND AFTERSCHOOL, AND 14 IN SPIRITUAL MENTORING AND SYSTEMS ADVOCACY TRAINING. - SERVED 25 IN NEIGHBORHOOD OUTREACH BIBLE STUDIES - SERVED APPROX 520 IN NEIGHBORHOOD BLOCK PARTY - PROVIDED AN ESTIMATED 193 VOLUNTEERS THE MEANS TO PROVIDE ASSISTANCE AND SERVICES TO PERSON IN NEED. 38 OF THESE VOLUNTEERS WERE ADULTS REGULARLY INTEGRATED INTO THE PROGRAM SERVICES PROVIDED.

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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 $615,460

Program Service Revenue $58,016

Investment Income $36,275

Other Revenue $0

TOTAL REVENUE $709,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $336,937

Fundraising Expenses $21,840

Program Expenses $406,840

Other Expenses $172,288

TOTAL EXPENSES $509,225

Year-over-Year Comparison

	2024	2023	Change
Revenue	$709,751	$705,771	+0.0%
Expenses	$509,225	$467,806	+0.1%
Net Income	$200,526	$237,965	-0.2%

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

193

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

$25,015

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH KIDD	DIRECTOR	40.00	Director	$25,015	$0	$25,015
JACOB ALEXANDER	DIRECTOR/TRE	2.00	Officer Director	$0	$0	$0
CLAIRE GAGNON	DIRECTOR	1.00	Director	$0	$0	$0
GARY GREAVES	DIRECTOR	1.00	Director	$0	$0	$0
ANGEL GUZMAN	DIRECTOR	1.00	Director	$0	$0	$0
CAROL MOSTROM	SECRETARY/CL	2.00	Officer Director	$0	$0	$0
DAVE RENNA	DIRECTOR	1.00	Director	$0	$0	$0
LISANDRA ROSARIO	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA SICILIANO	DIRECTOR / C	2.00	Officer Director	$0	$0	$0
CRAIG UTLEY	DIRECTOR/CHA	2.00	Officer Director	$0	$0	$0
HEATHER WESTCOTT	DIRECTOR	1.00	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	$709,751	$509,225	$2,048,043	$200,526
2024	$705,771	$467,806	$1,846,885	$237,965
2023	$494,800	$386,007	$1,606,411	$108,793
2022	$641,542	$354,829	$1,499,593	$286,713
2021	$754,791	$340,711	$1,252,318	$414,080
2020	$462,368	$353,576	$909,906	$108,792
2019	$501,954	$357,935	$941,927	$144,019
2018	$360,766	$415,140	$789,223	$-54,374