Promise Center 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

Tax Period

2023-07-01 to 2024-06-30

Promise Center Inc is a small nonprofit in the Philanthropy & Grantmaking sector that reported $440K in total revenue in fiscal year 2023. Expenses of $517K exceeded revenue, resulting in a 18% operating deficit.

Mission

Public charity

Program Service Accomplishments

Program 1

Expenses: $297,623

Provided substance abuse prevention services to Washington County TN residents focusing on alcohol, tobacco, and prescription drug abuse

Program 2

Expenses: $212,713

Provided substance abuse recovery and education and peer recovery services in the eight county region of Northeast Tennessee. We continue to provide peer support to individuals re-entering society...

Provided substance abuse recovery and education and peer recovery services in the eight county region of Northeast Tennessee. We continue to provide peer support to individuals re-entering society from incarceration

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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 $432,127

Program Service Revenue $7,397

Investment Income $0

Other Revenue $0

TOTAL REVENUE $439,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $349,274

Fundraising Expenses $0

Program Expenses $510,336

Other Expenses $167,561

TOTAL EXPENSES $516,835

Year-over-Year Comparison

	2023	2022	Change
Revenue	$439,524	N/A	N/A
Expenses	$516,835	N/A	N/A
Net Income	$-77,311	N/A	N/A

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

N/A

Employees

N/A

Volunteers

N/A

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

$52,198

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Berven	Executive Dir.	38.00	Director	$52,198	$0	$52,198
Misti Crain	Chairman	0.00	Director	$0	$0	$0
Kris Bowers	Treasurer	0.00	Director	$0	$0	$0
Becky Keesee	Vice President	0.00	Officer Director	$0	$0	$0
Katie McClellan	Prevention Director	0.00		$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	No data	No data	No data	No data
2024	$439,524	$516,835	$99,087	$-77,311
2023	$511,889	$502,139	$167,530	$9,750
2022	$656,953	$631,230	$157,360	$25,723
2021	$441,656	$404,350	$137,775	$37,306
2020	$340,165	$356,524	$94,293	$-16,359
2019	$324,580	$318,840	$49,124	$5,740
2018	$264,018	$256,169	$43,384	$7,849