Family Promise of NorthCentral Palm Beach County (EIN 262142007) - 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

2008

Legal Domicile

Principal Officer

Shannon J Duran President

Tax Period

2023-01-01 to 2023-12-31

Family Promise of NorthCentral Palm Beach County, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $383K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $651K exceeded revenue, resulting in a 70% operating deficit.

Mission

Family Promise North Central Palm Beach County is responding to the ongoing crisis of family homelessness in Palm Beach County, Florida by uniting with our community partners to help local homeless children by empowering their families to regain self-sufficiency.

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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 $374,923

Program Service Revenue $0

Investment Income $8,155

Other Revenue $0

TOTAL REVENUE $383,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $252,455

Fundraising Expenses $0

Program Expenses $624,371

Other Expenses $398,287

TOTAL EXPENSES $650,742

Year-over-Year Comparison

	2023	2022	Change
Revenue	$383,078	$713,076	-0.5%
Expenses	$650,742	$440,369	+0.5%
Net Income	$-267,664	$272,707	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lesley Sears	Treasurer	5.00	Officer Director	$0	$0	$0
Talya Lerman	Secretary	2.00	Officer Director	$0	$0	$0
Shannon J Duran	President	3.00	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
2023	$383,078	$650,742	$558,218	$-267,664
2022	$713,076	$440,369	$824,404	$272,707
2021	$583,666	$367,354	$550,024	$216,312
2019	$269,001	$301,673	$224,120	$-32,672
2018	$325,520	$277,661	$255,958	$47,859

Family Promise of NorthCentral Palm Beach County