FAMILY PROMISE OF THE MIDLANDS INC

EIN: 264259689 501(c)(3) Human Services

COLUMBIA, SC

Total Revenue
$438,794
Total Expenses
$475,747
Total Assets
$839,994
Net Assets
$838,448
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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
1986
Legal Domicile
SC
Principal Officer
LESLIE WALKER
Phone
8038324765
Tax Period
2023-01-01 to 2023-12-31

FAMILY PROMISE OF THE MIDLANDS INC, founded in 1986, is a small nonprofit in the Human Services sector that reported $439K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE SUPPORT TO HOMELESS AND LOW-INCOME FAMILIES.

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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 $517,691
Program Service Revenue $0
Investment Income $10,321
Other Revenue $-89,218
TOTAL REVENUE $438,794

Expense Breakdown

Grants Paid $0
Salaries & Benefits $256,092
Fundraising Expenses $112,420
Program Expenses $196,574
Other Expenses $219,655
TOTAL EXPENSES $475,747

Year-over-Year Comparison

2023 2022 Change
Revenue $438,794 $588,228 -0.3%
Expenses $475,747 $440,171 +0.1%
Net Income $-36,953 $148,057 -1.2%
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
18
Independent Members
18
Employees
4
Volunteers
268

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
6
$93,265
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF ARMSTRONG EXECUTIVE DIRECTOR 40.00
Officer
$93,265 $0 $93,265
JEFF THORDAHL CHAIR 1.00
Officer Director
$0 $0 $0
NICOLE COUNTS CO-VICE CHAIR 1.00
Officer Director
$0 $0 $0
BETTY MELVIN CO-VICE CHAIR 1.00
Officer Director
$0 $0 $0
LESLIE WALKER TREASURER 1.00
Officer Director
$0 $0 $0
LAURA COVINGTON SECRETARY 1.00
Officer Director
$0 $0 $0
AISHA HAYNES MEMBER 1.00
Director
$0 $0 $0
BETH TRUMP MEMBER 1.00
Director
$0 $0 $0
BROOKE CHEHOSKI MEMBER 1.00
Director
$0 $0 $0
CAROLINE HINSON MEMBER 1.00
Director
$0 $0 $0
CLYVINCENT LEMON MEMBER 1.00
Director
$0 $0 $0
JOHN ASMAN MEMBER 1.00
Director
$0 $0 $0
JULIA BURLEY MEMBER 1.00
Director
$0 $0 $0
PAM BRYANT MEMBER 1.00
Director
$0 $0 $0
PATE GRAHAM MEMBER 1.00
Director
$0 $0 $0
TOM LEDBETTER MEMBER 1.00
Director
$0 $0 $0
WALTER CAUDLE MEMBER 1.00
Director
$0 $0 $0
YOLANDA ANDERSON MEMBER 1.00
Director
$0 $0 $0
LEROY ANDERSON MEMBER 1.00
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 $438,794 $475,747 $839,994 $-36,953
2022 $588,228 $440,171 $878,320 $148,057
2021 $470,102 $416,688 $730,581 $53,414
2020 $485,217 $344,488 $679,987 $140,729
2019 $287,044 $260,880 $534,797 $26,164
2018 $618,562 $230,793 $508,574 $387,769
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