URBANPROMISE WILMINGTON 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

1998

Legal Domicile

Principal Officer

JAMES RUSSELL

Phone

3024255502

Tax Period

2024-07-01 to 2025-06-30

URBANPROMISE WILMINGTON INC, founded in 1998, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $2.9M left a modest 5% surplus.

Mission

PROVIDE SERVICES TO CHILDREN AND YOUTH LIVING IN THE INNER-CITY NEIGHBORHOODS OF WILMINGTON, DELAWARE. THE ORGANIZATION'S MISSION IS TO TEACH CHILDREN AND YOUNG ADULTS THE SKILLS NECESSARY FOR SPIRITUAL GROWTH, ACADEMIC ACHIEVEMENT, LIFE MANAGEMENT AND LEADERSHIP.

Program Service Accomplishments

Program 1

Expenses: $2,339,152 Revenue: $193,700

AFTER-SCHOOL PROGRAMS PROVIDE HOMEWORK ASSISTANCE, TUTORING, AND SAFE SPACES THROUGHOUT THE YEAR, COMBINED WITH EVENTS SUCH AS THE THANKSGIVING DINNER, EASTERN UNIVERSITY WEEKEND, 1ST AND 2ND GRADE RETREAT, SPRING BREAK TRIPS, AND THE AFRICAN AMERICANS OF ACHIEVEMENT SPEECH CONTEST.SUMMER CAMPS RUN FOR SIX WEEKS EACH SUMMER AND INCLUDE ARTS AND CRAFTS, SONGS, SKITS, RECREATION, BIBLE LESSONS, EDUATIONAL ENRICHMENT, AND WEEKLY TRIPS. CHILDREN ARE SERVED BOTH BREAKFAST AND LUNCH. OUTSIDE OF CAMP, CHILDREN ARE ABLE TO PARTICIPATE IN ADDITIONAL ACTIVITIES SUCH AS PRAISE DANCE, TENNIS, BASKETBALL, DRAMA, BIBLE BUDDIES, AND CREATIVE ART.THE URBANPROMISE SCHOOLS - (PREK - 8) (UPS) IS A CHRISTIAN SCHOOL WHERE STUDENT EDUCATION INCLUDES HIGH ACADEMIC STANDARDS, A SAFE ENVIRONMENT, COMMITTED TEACHERS, SMALL CLASS SIZES AND A COMMITMENT TO LEADERSHIP DEVELOPMENT.STREETLEADER JOB TRAINING PROGRAM PROVIDES WORKFORCE DEVELOPMENT FOR YOUTH AGED 14-18 YEARS WHO ARE EMPLOYED BY URBANPROMISE TO WORK AS COUNSELORS, TEACHERS AND ROLE MODELS TO CHILDREN IN OUR AFTER SCHOOL PROGRAMS AND SUMMER CAMPS.URBANTREKKERS, IS AN OUTDOOR, HANDS ON, UP CLOSE LEARNING AND MENTORING PROGRAM WHERE THE WORLD IS THE CLASSROOM.

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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 $2,927,096

Program Service Revenue $193,700

Investment Income $49,187

Other Revenue $-72,598

TOTAL REVENUE $3,097,385

Expense Breakdown

Grants Paid $2,684

Salaries & Benefits $2,147,181

Fundraising Expenses $203,906

Program Expenses $2,339,152

Other Expenses $778,224

TOTAL EXPENSES $2,928,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,097,385	$2,380,392	+0.3%
Expenses	$2,928,089	$2,791,658	+0.0%
Net Income	$169,296	$-411,266	-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

111

Volunteers

215

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
ANDREW ABRAHAM	DIRECTOR	2.00	Director	$0	$0	$0
ABIY AGIRO	DIRECTOR	2.00	Director	$0	$0	$0
ANNA ALINDA	DIRECTOR	2.00	Director	$0	$0	$0
BLAIR ALTHOUSE	DIRECTOR (CHAIR)	2.00	Officer Director	$0	$0	$0
DR BARTON	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW HOEY	DIRECTOR	2.00	Director	$0	$0	$0
NORMA LEE	DIRECTOR (TREASURER)	2.00	Officer Director	$0	$0	$0
KYLE MCDUFFIE	DIRECTOR	2.00	Director	$0	$0	$0
MARY MIRABEAU	DIRECTOR	2.00	Director	$0	$0	$0
GIOVANNI PAREDES	DIRECTOR	2.00	Director	$0	$0	$0
BETH TRUAX	DIRECTOR (SECRETARY)	2.00	Officer Director	$0	$0	$0
JAMES WHITELY II	DIRECTOR	2.00	Director	$0	$0	$0
KATHERINE YURIK	DIRECTOR	2.00	Director	$0	$0	$0
MIKE YURIK	DIRECTOR	2.00	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	$3,097,385	$2,928,089	$3,586,328	$169,296
2024	$2,380,392	$2,791,658	$3,571,568	$-411,266
2023	$2,750,900	$2,920,053	$3,730,471	$-169,153
2022	$2,705,321	$2,543,399	$3,635,289	$161,922
2021	$2,630,559	$1,803,027	$3,417,354	$827,532
2020	$2,453,836	$1,876,473	$2,881,681	$577,363
2019	$1,989,291	$1,903,704	$2,017,097	$85,587
2018	$1,868,634	$1,695,742	$1,929,740	$172,892