CHARTWAY PROMISE FOUNDATION (EIN 203244422) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

CHRISTINE WILSON

Phone

7572337111

Tax Period

2024-01-01 to 2024-12-31

THE WE PROMISE FOUNDATION, founded in 2005, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $733K in total revenue in fiscal year 2018. Revenue decreased 12% compared to the prior year.

Mission

TO PROVIDE GRANT AWARDS TO CHARITABLE CHILDREN'S ORGANIZATIONS THAT SHARE OUR COMMITMENT TO MAKING DREAMS COME TRUE FOR CHILDREN STRUGGLING WITH LIFE-THREATENING ILLNESSES OR SEVERE HARDSHIP.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,234,597

Program Service Revenue $0

Investment Income $25,059

Other Revenue $-11,143

TOTAL REVENUE $1,248,513

Expense Breakdown

Grants Paid $1,083,000

Salaries & Benefits $0

Fundraising Expenses $32,583

Program Expenses $1,099,465

Other Expenses $54,894

TOTAL EXPENSES $1,137,894

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,248,513	$1,146,778	+0.1%
Expenses	$1,137,894	$1,043,179	+0.1%
Net Income	$110,619	$103,599	+0.1%

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

N/A

Volunteers

125

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
LANCE BROWN	DIRECTOR	1.25	Director	$0	$0	$0
THERESA DELP	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
WAYNE FOSHAY	BOARD CHAIRMAN	2.50	Officer Director	$0	$0	$0
JERRY FROSTICK	BOARD VICE CHAIR	1.25	Officer Director	$0	$0	$0
BOB SINCLAIR JR	DIRECTOR	1.25	Director	$0	$0	$0
RICHARD MCGRATH	DIRECTOR	1.25	Director	$0	$0	$0
NANCY MCMAHON	DIRECTOR	1.25	Director	$0	$0	$0
TYLER QUIGLEY	DIRECTOR	1.25	Director	$0	$0	$0
BRIAN T SCHOOLS	DIRECTOR	2.00	Director	$0	$0	$0
LARA SHIELDS	DIRECTOR	1.25	Director	$0	$0	$0
PAUL ANNUNZIATA	TREASURER	1.25	Officer Director	$0	$0	$0
MELINDA BARBISH	DIRECTOR	1.25	Director	$0	$0	$0
TOM BARTON	DIRECTOR	1.25	Director	$0	$0	$0
REBECCA RIORDAN	DIRECTOR	1.25	Director	$0	$0	$0
MELISSA CADE	DIRECTOR	2.00	Director	$0	$0	$0
CAMDEN SELIG	DIRECTOR	1.25	Director	$0	$0	$0
CHRISTINE WILSON	PRESIDENT	40.00	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	$1,248,513	$1,137,894	$387,519	$110,619
2023	$1,146,778	$1,043,179	$321,705	$103,599
2022	$898,239	$856,777	$878,127	$41,462
2021	$700,259	$693,221	$726,568	$7,038
2020	$541,900	$624,772	$60,433	$-82,872
2019	$976,015	$877,930	$142,499	$98,085
2018	$733,347	$761,138	$44,414	$-27,791

CHARTWAY PROMISE FOUNDATION