FAMILY PROMISE OF LAKE HOUSTON

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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

2009

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

FAMILY PROMISE OF LAKE HOUSTON, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $562K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $492K left a modest 12% surplus.

Mission

FAMILY PROMISE OF LAKE HOUSTON PROVIDES A CARING AND POSITIVE ENVIRONMENT FOR HOMELESS CHILDREN AND THEIR FAMILIES WHILE THEY DESIGN AND EXECUTE A PLAN TO BREAK THE CYCLE OF HOMELESSNESS IN THEIR LIVES

Program Service Accomplishments

Program 1

Expenses: $169,912

FPLH utilizes more than 2800 volunteers in a wide range of roles and together have an 86% rate of success in the measure of stability and self-sufficiency. In addition to training programs provided to shelter individuals, FLPH provided all of the same services and support to the outreach program participants. Less the overnight shelter component.

Program 2

Expenses: $169,912

FPLH has served over 1250 families, including more than 700 children. FLPH has served a total of 5 in network families in the shelter program. Providing shelter nights and meals for these individuls.

Program 3

Expenses: $46,340

FPLH assess and refer more than 5200 families per year and operate at less than half the cost of a traditional shelter. FPLH also provided life skills training, including financial literacy and...

FPLH assess and refer more than 5200 families per year and operate at less than half the cost of a traditional shelter. FPLH also provided life skills training, including financial literacy and family budgeting classes, life, and relationship skills, career and educational coachingm household management, parenting, affordable housing support, and personal growth.

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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 (2023)

Revenue Breakdown

Contributions & Grants $674,590

Program Service Revenue $0

Investment Income $82

Other Revenue $-112,802

TOTAL REVENUE $561,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,375

Fundraising Expenses $105,914

Program Expenses $386,164

Other Expenses $224,789

TOTAL EXPENSES $492,078

Year-over-Year Comparison

	2023	2022	Change
Revenue	$561,870	$503,985	+0.1%
Expenses	$492,078	$283,077	+0.7%
Net Income	$69,792	$220,908	-0.7%

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

N/A

Independent Members

N/A

Employees

Volunteers

2000

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

$119,856

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA PENNEY	EXECUTIVE DIRECTOR	40.00	Key Emp	$75,310	$0	$75,310
TIFFANY VENEKAMP	PROGRAM COORDINATOR	40.00	Key Emp	$44,546	$0	$44,546
JESSICA BEEMER	TRUSTEE	4.00	Director	$0	$0	$0
STELLA MOORE	TRUSTEE	4.00	Director	$0	$0	$0
DANIELA SUMBERA	TRUSTEE	4.00	Director	$0	$0	$0
JESSICA BURKE	TRUSTEE	4.00	Director	$0	$0	$0
MARLA WORTMAN	TRUSTEE	4.00	Director	$0	$0	$0
RUSS SENTI	TRUSTEE	4.00	Director	$0	$0	$0
SCOTT HIVLEY	TRUSTEE	4.00	Director	$0	$0	$0
TRISH WEISBERG	TRUSTEE	4.00	Director	$0	$0	$0
TEDDY FARIAS	BOARD SECRETARY	4.00	Officer Director	$0	$0	$0
DEREK NIXON	BOARD VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
STEVEN T COLEMAN	BOARD TREASURER	10.00	Officer Director	$0	$0	$0
MARK PHILPOTT	BOARD PRESIDENT	15.00	Officer 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
2024	No data	No data	No data	No data
2023	$561,870	$492,078	$1,556,715	$69,792
2022	$503,985	$283,077	$1,147,667	$220,908
2021	$298,713	$248,995	$926,759	$49,718
2020	$408,433	$172,454	$877,041	$235,979