Family Promise of Sarasota 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

2007

Legal Domicile

Phone

9419521800

Tax Period

2020-01-01 to 2020-12-31

Family Promise of Sarasota Inc, founded in 2007, is a micro nonprofit in the Human Services sector that reported $49K in total revenue in fiscal year 2020. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $59K exceeded revenue, resulting in a 22% operating deficit.

Mission

We help homeless families find housing and achieve self sufficiency and prevent other families from becoming homeless.

Program Service Accomplishments

Program 1

Due to the Covid 19 pandemic, we continued our suspension of hosting operations and initiated our prevention and diversion progra, paying rents and utilities, offering transportation assistance and...

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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 (2020)

Revenue Breakdown

Contributions & Grants $41,437

Program Service Revenue $0

Investment Income $96

Other Revenue $7,000

TOTAL REVENUE $48,533

Expense Breakdown

Grants Paid $947

Salaries & Benefits $23,496

Fundraising Expenses $0

Other Expenses $34,824

TOTAL EXPENSES $59,267

Year-over-Year Comparison

	2020	2019	Change
Revenue	$48,533	$36,523	+0.3%
Expenses	$59,267	$11,912	+4.0%
Net Income	$-10,734	$24,611	-1.4%

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

100

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
Tara Maffei	Executive Director	50	Highest	$17,951	$0	$17,951
Kevin McKenney	Trustee and Chair	10	Officer	$0	$0	$0
George Lavigne	Trustee and Treasurer	5	Officer	$0	$0	$0
Anne Moore	Trustee and Secretary	1	Officer	$0	$0	$0
Elisa Hansen	Trustee	1	Officer	$0	$0	$0
Patricia Sileo	Trustee	1	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
2020	$48,533	$59,267	$165,294	$-10,734
2019	$36,523	$11,912	$176,029	$24,611
2018	No data	No data	$154,679	No data