FAMILY PROMISE OF ODESSA INC

EIN: 261828381 501(c)(3)

ODESSA, TX

Total Revenue
$135,522
Total Expenses
$219,498
Total Assets
$413,672
Net Assets
$413,672
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
TX
Principal Officer
KARA EVENSON-DORETHY
Phone
4329346693
Tax Period
2023-01-01 to 2023-12-31

FAMILY PROMISE OF ODESSA INC, founded in 2007, is a small nonprofit that reported $136K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $219K exceeded revenue, resulting in a 62% operating deficit.

Mission

TO PROVIDE OVERNIGHT LODGING, MEALS, FELLOWSHIP (THROUGH HOST CHURCH CONGREGATIONS) AND TRANSPORTATION TO SCREENED HOMELESS FAMILIES. THE ORGANIZATION'S PROGRAMS WILL ASSIST IN SECURING HOUSING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $137,613
Program Service Revenue $0
Investment Income $77
Other Revenue $-2,168
TOTAL REVENUE $135,522

Expense Breakdown

Grants Paid $76,350
Salaries & Benefits $82,862
Fundraising Expenses $21,954
Program Expenses $185,425
Other Expenses $60,286
TOTAL EXPENSES $219,498

Year-over-Year Comparison

2023 2022 Change
Revenue $135,522 $237,600 -0.4%
Expenses $219,498 $154,079 +0.4%
Net Income $-83,976 $83,521 -2.0%
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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Governance

Voting Members
10
Independent Members
10
Employees
4
Volunteers
70

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
5
$46,200
Total Directors
11
$46,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN WAMSLEY PRESIDENT 0.35
Officer Director
$0 $0 $0
STACY ROMAN VICE PRESIDENT 0.40
Officer Director
$0 $0 $0
DOMINIQUE BYNUM SECRETARY 0.25
Officer Director
$0 $0 $0
KARA EVENSON-DORETHY EXECUTIVE DIRECTOR 0.75
Officer Director
$46,200 $0 $46,200
BETH LIBSON TREASURER 0.75
Officer Director
$0 $0 $0
DAN HOLBROOK BOARD MEMBER 1.00
Director
$0 $0 $0
JEANIE HOLBROOK BOARD MEMBER 1.00
Director
$0 $0 $0
RANDY MCGUIRE BOARD MEMBER 0.20
Director
$0 $0 $0
POLLY MOORE BOARD MEMBER 0.25
Director
$0 $0 $0
DON TOHKUBBI BOARD MEMBER (PARTIAL YEAR) 0.15
Director
$0 $0 $0
LEWIS ORMAND BOARD MEMBER (PARTIAL YEAR) 0.25
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 $135,522 $219,498 $413,672 $-83,976
2023 No data No data No data No data
2023 $135,422 $218,483 $414,589 $-83,061
2022 $237,600 $154,079 $379,958 $83,521
2022 $100,000 $114,833 $279,873 $-14,833
2021 $273,878 $127,923 $297,154 $145,955
2020 $238,938 $194,628 $152,440 $44,310
2019 $166,447 $183,376 $106,887 $-16,929
2018 $180,292 $130,411 $129,230 $49,881
2018 $180,292 $121,021 $138,620 $59,271
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