Family Promise of Collin County (EIN 263417504) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

LaVeeta Hamilton

Phone

9724426966

Tax Period

2024-01-01 to 2024-12-31

Family Promise of Collin County, founded in 2008, is a micro nonprofit in the Human Services sector that reported $89K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $126K exceeded revenue, resulting in a 41% operating deficit.

Mission

FAMILY PROMISE IS PART OF A NATIONAL ORGANIZATION THAT PROVIDES FOOD, SHELTER, AND SUPPORT SERVICES DURING RESETTLEMENT OF HOMELESS FAMILIES IN CHURCH FACILITIES AND TEMPORARY HOUSING. WE ALSO PROVIDE CARS FOR OUR GUESTS TO DRIVE TO WORK AND SCHOOL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $51,701

Program Service Revenue $17,201

Investment Income $407

Other Revenue $19,927

TOTAL REVENUE $89,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,876

Fundraising Expenses $38,067

Program Expenses $43,360

Other Expenses $44,080

TOTAL EXPENSES $125,956

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,236	$181,052	-0.5%
Expenses	$125,956	$165,486	-0.2%
Net Income	$-36,720	$15,566	-3.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

1420

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
DANIEL EDWARDS SR	BOARD CHAIR	10.00	Officer	$0	$0	$0
JONNA FERNANDEZ	VICE CHAIR	1.00	Officer	$0	$0	$0
SANDY BAKER	AFFILIATION	1.00	Director	$0	$0	$0
BILL URECH	TREASURER	1.00	Director	$0	$0	$0
BERYL CHOMERY	AFFILIATION	1.00	Director	$0	$0	$0
RANDA JARAR	AFFILIATION	1.00	Director	$0	$0	$0
SHANNON SHORT	AFFILIATION	1.00	Director	$0	$0	$0
HOLLY BANDEL	AFFILIATION	1.00	Director	$0	$0	$0
LAVEETA HAMILTON	DIRECTOR	40.00	Key Emp	$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	$89,236	$125,956	$68,041	$-36,720
2023	$181,052	$165,486	$113,011	$15,566
2022	$183,067	$207,138	$111,269	$-24,071
2021	$192,226	$221,175	$135,895	$-28,949
2020	$163,305	$159,048	$135,344	$4,257
2019	$187,828	$168,619	$126,213	$19,209
2018	$183,477	$208,873	$104,369	$-25,396

Family Promise of Collin County