FAMILY PROMISE OF PHILADELPHIA

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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

1991

Legal Domicile

Principal Officer

ROBERT BYRNE

Phone

2152474663

Tax Period

2023-01-01 to 2023-12-31

FAMILY PROMISE OF PHILADELPHIA, founded in 1991, is a small nonprofit in the Human Services sector that reported $892K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

TO END FAMILY HOMELESSNESS THROUGH DIRECT AID, DIRECT SERVICES, AND ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $144,344

EMERGENCY HOUSING AND SERVICES/BASIC NEEDS - TEMPORARY HOUSING, CRISIS COUNSELING AND DIRECT RELIEF FOR FAMILIES EXPERIENCING HOMELESSNESS. IN 2023, FPP AND PROGRAM PARTNERS PROVIDED 5,000 BED NIGHTS OF SAFE EMERGENCY HOUSING FOR 12 FAMILIES (45 CHILDREN AND ADULTS), AND ENABLED THEM TO RELOCATE SAFELY UPON DISCHARGE.

Program 2

Expenses: $142,277

CHILDREN AND YOUTH - DIRECT AID, TRAUMA-INFORMED COUNSELING, PARENTING EDUCATION, FAMILY AND ART THERAPY, AFTER-SCHOOL, SUMMER CAP, RECREATION AND LEARNING OPPORTUNITIES, AND MATERIAL SUPPORT. IN...

CHILDREN AND YOUTH - DIRECT AID, TRAUMA-INFORMED COUNSELING, PARENTING EDUCATION, FAMILY AND ART THERAPY, AFTER-SCHOOL, SUMMER CAP, RECREATION AND LEARNING OPPORTUNITIES, AND MATERIAL SUPPORT. IN 2023, FPP HELPED 64 FAMILIES (190 CHILDREN AND ADULTS) AVERT EVICTION, AND THE TRAUMA AND DELETERIOUS IMPACTS OF DISPLACEMENT AND DISLOCATION ON HEALTH. ANOTHER 24 FAMILIES RECEIVED MONTHLY "SHALLOW RENT SUBSIDIES" TO HELP STABILIZE THEIR HOUSING, AND REDUCE THE STRESS OF POSSIBLE EVICTION.

Program 3

Expenses: $526,509 Revenue: $6,289

HOMELESS PREVENTION/RELOCATION - HOUSING CRISIS COUNSELING, FINANCIAL AID TO AVERT EVICTION (BACK RENT/UTILITIES, TEMPORARY RENT, SUBSIDIES) OR RELOCATE RAPIDLY (SECURITY DEPOSITS) AND NON-FINANCIAL SERVICES AND SUPPORT TO ACHIEVE HOUSING STABILITY AND SELF-SUFFICIENCY. IN 2023, FPP HELPED 25 FAMILIES (190 CHILDREN AND ADULTS) NEEDING TO RELOCATE TO SAFER, HEALTHIER RENTALS WERE ABLE TO DO SO.

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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 $883,973

Program Service Revenue $6,289

Investment Income $1,625

Other Revenue $54

TOTAL REVENUE $891,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $306,031

Fundraising Expenses $113,492

Program Expenses $813,130

Other Expenses $809,684

TOTAL EXPENSES $1,115,715

Year-over-Year Comparison

	2023	2022	Change
Revenue	$891,941	$1,057,072	-0.2%
Expenses	$1,115,715	$1,041,293	+0.1%
Net Income	$-223,774	$15,779	-15.2%

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

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

$76,804

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BYRNE	EXECUTIVE DI	40.00	Officer	$76,804	$0	$76,804
FRANK ROBINSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
SYLVIA FORMAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BERYL EVANS	SECRETARY	1.00	Officer Director	$0	$0	$0
MONICA KOLB	RECORDING SE	1.00	Officer Director	$0	$0	$0
FILIPPO BERGAMINI	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL SEVERSON	DIRECTOR	1.00	Director	$0	$0	$0
LAVERNE JONES	DIRECTOR	1.00	Director	$0	$0	$0
AARON ABRAMS	DIRECTOR	1.00	Director	$0	$0	$0
NICK CLAXTON	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH WILLARD	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JOSIAH DANIELS REV	DIRECTOR	1.00	Director	$0	$0	$0
WRENTON WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE STERN	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$891,941	$1,115,715	$584,992	$-223,774
2022	$1,057,072	$1,041,293	$774,105	$15,779
2021	$1,546,664	$1,339,596	$686,640	$207,068
2020	$1,243,462	$1,183,128	$509,974	$60,334
2019	$972,735	$946,820	$392,940	$25,915