MIDLAND, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FAMILY PROMISE OF MIDLAND TEXAS INC, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $902K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.0M exceeded revenue, resulting in a 15% operating deficit.
MIDLAND INTERFAITH HOSPITALITY NETWORK (MIHN) - THE MIHN IS A PARTNERSHIP OF CONGREGATIONS/COMPANIES/VOLUNTEER GROUPS WITHIN THE COMMUNITY HELPING FAMILIES WHO ARE FACING HOMELESSNESS. MIHN USES EXISTING COMMUNITY RESOURCES TO PROVIDE COMPREHENSIVE SERVICES TO FAMILIES EXPERIENCING HOMELESSNESS. THIS UNIQUE COMMUNITY RESPONSE OFFERS AN OPPORTUNITY FOR VOLUNTEERS TO BE ON THE FRONT LINE OF MIDLAND'S EFFORT TO REDUCE HOMELESSNESS WHILE TRANSFORMING THE LIVES OF FAMILIES IN NEED. THE MIHN PROGRAM MAY SERVE UP TO 4 FAMILIES AT A TIME: 14 PEOPLE. WHILE IN THE PROGRAM, THE ADULTS ARE REQUIRED TO WORK FULL-TIME,GO TO SCHOOL FULL-TIME, OR A COMBINATION THEREOF. FAMILIES WORK WITH A CASE MANAGER ON SHORT-TERM OBJECTIVES, OBTAINING LONG-TERM GOALS. ALL FAMILIES HAVE CREDIT REPORTS RUN AND THEN BEGIN THE TASKS OF INCREASING THEIR CREDIT SCORES, WHILE REDUCING DEBT. IN ADDITION, ALL FAMILIES ARE REQUIRED TO SAVE 80% OF THEIR EARNED INCOME IN THEIR OWN BANK ACCOUNTS. PARENTS ARE ALSO REQUIRED TO AT
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $902,129 | $814,626 | +0.1% |
| Expenses | $1,034,102 | $807,590 | +0.3% |
| Net Income | $-131,973 | $7,036 | -19.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| THOMAS MILLER | Executive Dir. | 40.00 |
Officer
|
$100,118 | $0 | $100,118 |
| CASSIE BIBLE | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSH CARTY | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| MISTY CLARY | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| HEATHER BOX | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| BETH BRADFORD | President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRANCIS ESSON | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| TREVOR CHILTON | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| ASHLEY LAFEVERS | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| KIRBY CASTILLE | Vice President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBIN CORBITT | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $902,129 | $1,034,102 | $7,796,141 | $-131,973 |
| 2022 | $814,626 | $807,590 | $7,930,152 | $7,036 |
| 2021 | $1,138,946 | $505,701 | $7,885,840 | $633,245 |
| 2020 | $4,317,208 | $428,903 | $7,470,071 | $3,888,305 |
| 2019 | $1,977,399 | $417,428 | $3,359,263 | $1,559,971 |
| 2018 | $1,350,868 | $410,579 | $1,852,578 | $940,289 |
Compare FAMILY PROMISE OF MIDLAND TEXAS INC with other nonprofits in Texas and across the country.