FAMILY PROMISE OF MONMOUTH COUNTY … - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

JESSICA STEPANSKI

Phone

7324951050

Tax Period

2020-07-01 to 2021-06-30

FAMILY PROMISE OF MONMOUTH COUNTY INC, founded in 1999, is a small nonprofit that reported $407K in total revenue in fiscal year 2020. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $364K left a modest 10% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO HELP HOMLESS AND LOW-INCOME FAMILIES ACHIEVE SUSTAINABLE HOUSING.

Program Service Accomplishments

Program 1

Expenses: $308,374

SHELTER PROGRAM - FAMILY PROMISE MONMOUTH COUNTY (FPMC) IS A COMMUNITY-WIDE PROGRAM THAT PROVIDES EMERGENCY SHELTER, MEALS AND COMPREHENSIVE ASSISTANCE FOR FAMILIES IN MONMOUTH COUNTY IN A MANNER...

SHELTER PROGRAM - FAMILY PROMISE MONMOUTH COUNTY (FPMC) IS A COMMUNITY-WIDE PROGRAM THAT PROVIDES EMERGENCY SHELTER, MEALS AND COMPREHENSIVE ASSISTANCE FOR FAMILIES IN MONMOUTH COUNTY IN A MANNER THAT OFFERS HOPE, PRESERVES DIGNITY AND PROMOTES SELF-SUFFICIENCY. SINCE OPENING ITS DOORS IN JULY 2001, FPMC HAS SERVED MORE THAN 300 FAMILIES. FPMC'S PROGRAM IS FREE-OF-CHARGE TO FAMILIES OF ANY COMPOSITION, RACE, AND RELIGION, WHO ARE IN CUSTODY OF MINOR CHILDREN, AND ARE AT RISK, OR HAVE BECOME HOMELESS.

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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 $406,908

Program Service Revenue $0

Investment Income $23

Other Revenue $0

TOTAL REVENUE $406,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,014

Fundraising Expenses $2,933

Program Expenses $308,374

Other Expenses $246,483

TOTAL EXPENSES $364,497

Year-over-Year Comparison

	2020	2019	Change
Revenue	$406,931	$278,544	+0.5%
Expenses	$364,497	$339,534	+0.1%
Net Income	$42,434	$-60,990	-1.7%

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

Independent Members

Employees

Volunteers

230

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

$64,302

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA STEPANSKI	PRESIDENT	5.00	Officer Director	$0	$0	$0
MIKE MERITON	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MARK ZILL	TREASURER	5.00	Officer Director	$0	$0	$0
LYNNE CILIENTO	SECRETARY	5.00	Officer Director	$0	$0	$0
ELAINE YOUNG	MEMBER/TRUSTEE	5.00	Director	$0	$0	$0
CHRISTINE CARTER-LOVE	EXECUTIVE DIRECTOR (FORMER)	40.00	Officer	$23,378	$0	$23,378
ROBIN POPOFF	EXECUTIVE DIRECTOR (FORMER)	40.00	Officer	$40,924	$0	$40,924

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
2021	$406,931	$364,497	$737,847	$42,434
2021	$406,399	$352,278	No data	$54,121
2020	$278,544	$339,534	$688,361	$-60,990
2019	$861,571	$362,918	$760,645	$498,653
2018	$429,414	$302,347	$218,221	$127,067

FAMILY PROMISE OF MONMOUTH COUNTY INC