Promise Partners (EIN 261240327) - Form 990 Financial Analysis & Trantor Score

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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

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.

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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 (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

Governance

Voting Members

Independent Members

Employees

N/A

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

$112,407

Total Directors

$112,407

Key Employees

Highest Compensated

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

Promise Partners