Promise Partners

EIN: 261240327 501(c)(3) Human Services

Council Bluffs, IA

Total Revenue
$2,912,128
Total Expenses
$2,755,248
Total Assets
$1,378,820
Net Assets
$984,473
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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
2007
Legal Domicile
IA
Principal Officer
Patricia Russmann
Phone
7122569920
Tax Period
2024-07-01 to 2025-06-30

Promise Partners, founded in 2007, is a community nonprofit in the Human Services sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $2.8M left a modest 5% surplus.

Mission

To empower a caring community that promises the well-being of every child. Thriving Families Alliance works together through interagency and cross-discipline collaboration to better coordinate efforts to effectively address the needs of children and families in Southwest Iowa.

Program Service Accomplishments

Program 1
Expenses: $2,493,817 Revenue: $3,300

Coordination Services - Thriving Families Alliacne (TFA) coordinates with multiple agencies to develop a comprehensive plan to increase positive childhood experiences to ensure that children and...

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Coordination Services - Thriving Families Alliacne (TFA) coordinates with multiple agencies to develop a comprehensive plan to increase positive childhood experiences to ensure that children and families can thrive. Some services include family suport, which helps to suport healthy relationships, safe environments and the growth of social and emotional skills in children. TFA also provides preschool support grants and quality childcare incentives to ensure that the littlest community members are safe. TFA also promotes family stability, which is based on the idea that families with less stressors are healther environments which allow children to thrive, and reduce instances of maltreatment. All of these items together help TFA achieve outcomes which work towards their mission of ensuring all children have a caring community that looks out for their well-being.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,861,073
Program Service Revenue $3,300
Investment Income $485
Other Revenue $47,270
TOTAL REVENUE $2,912,128

Expense Breakdown

Grants Paid $1,629,647
Salaries & Benefits $765,809
Fundraising Expenses $441
Program Expenses $2,493,817
Other Expenses $359,792
TOTAL EXPENSES $2,755,248

Year-over-Year Comparison

2024 2023 Change
Revenue $2,912,128 $1,906,107 +0.5%
Expenses $2,755,248 $1,899,561 +0.5%
Net Income $156,880 $6,546 +23.0%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
4
$112,407
Total Directors
14
$112,407
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Patricia Russmann Executive Director 40.00
Officer Director
$81,401 $31,006 $112,407
Kris Smith Director 1.00
Director
$0 $0 $0
Nosimilo Dube Director 1.00
Director
$0 $0 $0
Brenda Renter Director 1.00
Director
$0 $0 $0
David Clark Director 1.00
Director
$0 $0 $0
Danelle Riley Director 1.00
Director
$0 $0 $0
Travis Heaton Director 1.00
Director
$0 $0 $0
Curtis Hamstra Director 1.00
Director
$0 $0 $0
Mary Ann Hanusa Director 0.00
Director
$0 $0 $0
Susan Miller Director 0.00
Director
$0 $0 $0
Tom Buska Director 0.00
Director
$0 $0 $0
Wendy Richter Chair 1.00
Officer Director
$0 $0 $0
Scott Belt Vice Chair 1.00
Officer Director
$0 $0 $0
John Baker Treasurer 1.00
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
2025 $2,912,128 $2,755,248 $1,378,820 $156,880
2024 $1,906,107 $1,899,561 $1,074,475 $6,546
2023 $1,808,594 $1,746,004 $940,339 $62,590
2022 $1,678,671 $1,619,476 $925,581 $59,195
2021 $1,788,908 $1,688,331 $838,730 $100,577
2020 $1,691,391 $1,666,258 $707,594 $25,133
2019 $1,793,200 $1,654,495 $764,046 $138,705
2018 $1,671,132 $1,533,586 $514,563 $137,546
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