PROMISE HEALTHCARE NFP

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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

2003

Legal Domicile

Principal Officer

JENNIFER HENRY

Phone

2174035473

Tax Period

2024-01-01 to 2024-12-31

PROMISE HEALTHCARE NFP, founded in 2003, is a mid-sized nonprofit in the Health Care sector that reported $13.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $14.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF THE DIVERSE COMMUNITIES WE SERVE BY PROVIDING HIGH-QUALITY, EQUITABLE HEALTHCARE TO PEOPLE OF ALL AGES.

Program Service Accomplishments

Program 1

Expenses: $7,314,905 Revenue: $5,765,769

FRANCES NELSON MEDICAL CENTER PROVIDES HEALTH CARE TO UNDERSERVED PATIENTS FROM GREATER CHAMPAIGN COUNTY REGARDLESS OF THEIR ABILITY TO PAY. A SLIDING FEE SCALE DISCOUNT IS PROVIDED TO PATIENTS WHOSE INCOME IS AT OR BELOW 200% OF THE FEDERAL POVERTY GUIDELINES. MOST PATIENTS HAVE MEDICAID COVERAGE OR ARE UNINSURED.

Program 2

Expenses: $2,963,855 Revenue: $2,336,176

MENTAL HEALTH PROVIDES MENTAL HEALTH SERVICES TO THE UNDERSERVED IN CHAMPAIGN COUNTY REGARDLESS OF THEIR ABILITY TO PAY.

Program 3

Expenses: $2,232,631 Revenue: $1,759,809

FRANCES NELSON DENTAL CENTER PROVIDES DENTAL EXAMS, CLEANINGS, AND TREATMENT TO UNDERSERVED PATIENTS FROM GREATER CHAMPAIGN COUNTY REGARDLESS OF THEIR ABILITY TO PAY. A SLIDING FEE DISCOUNT IS...

FRANCES NELSON DENTAL CENTER PROVIDES DENTAL EXAMS, CLEANINGS, AND TREATMENT TO UNDERSERVED PATIENTS FROM GREATER CHAMPAIGN COUNTY REGARDLESS OF THEIR ABILITY TO PAY. A SLIDING FEE DISCOUNT IS PROVIDED TO PATIENTS WHOSE INCOME IS AT OR BELOW 200% OF THE FEDERAL POVERTY GUIDELINES.

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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 $3,146,280

Program Service Revenue $9,777,461

Investment Income $1,712

Other Revenue $84,293

TOTAL REVENUE $13,009,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,979,876

Fundraising Expenses $0

Program Expenses $12,511,391

Other Expenses $6,638,265

TOTAL EXPENSES $14,618,141

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,009,746	$11,950,291	+0.1%
Expenses	$14,618,141	$13,167,831	+0.1%
Net Income	$-1,608,395	$-1,217,540	+0.3%

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

144

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

$577,698

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MINNIE PEARSON	DIRECTOR	1.00	Director	$0	$0	$0
PAULETTE COLEMON PEEPLES	DIRECTOR	1.00	Director	$0	$0	$0
KANDACE TURNER	DIRECTOR (THRU 9/24/24)	1.00	Director	$0	$0	$0
ASHLEY BUCKLEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT CLANIN	DIRECTOR (THRU 9/24/24)	1.00	Director	$0	$0	$0
JULIANNA SELLETT	DIRECTOR	1.00	Director	$0	$0	$0
CLAYTON OVERSTREET	DIRECTOR (AS OF 11/26/24)	1.00	Director	$0	$0	$0
ROBERT LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDIA LENNHOFF	DIRECTOR	1.00	Director	$0	$0	$0
GRANT GHIGHI	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA REED	DIRECTOR (THRU 6/2024)	1.00	Director	$0	$0	$0
JENNIFER ZANG	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LAIRD	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT GREENLEE	SECRETARY (THRU 9/24/24)	1.00	Officer Director	$0	$0	$0
KEITH FLORES	CFO	40.00	Officer	$138,056	$31,789	$169,845
MELONIE RICHARDSON	CMO	40.00	Officer	$160,710	$36,384	$197,094
JENNIFER HENRY	CEO	40.00	Officer	$192,259	$18,500	$210,759
FEITENG SU	PSYCHIATRIST	40.00	Highest	$335,533	$0	$335,533
SONJA HANSEN	PHYSICIAN	40.00	Highest	$174,247	$39,664	$213,911
HAYNG SUNG YANG	PSYCHIATRIST	40.00	Highest	$187,356	$29,601	$216,957
OLUMAYOMIDE ADEKANLA COKER	DENTIST	40.00	Highest	$164,825	$17,391	$182,216
MYOUNGSU SONG	DENTIST	40.00	Highest	$157,751	$9,830	$167,581

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	$13,009,746	$14,618,141	$4,084,515	$-1,608,395
2023	$11,950,291	$13,167,831	$5,929,564	$-1,217,540
2022	$11,517,675	$10,553,479	$6,820,175	$964,196
2022	$11,816,438	$11,191,456	$7,294,752	$624,982
2021	$13,211,334	$10,571,568	$5,494,406	$2,639,766
2020	$8,529,130	$7,280,413	$2,889,846	$1,248,717
2019	$5,844,092	$5,893,156	$1,834,941	$-49,064
2018	$5,377,433	$5,720,920	$1,594,141	$-343,487