Promise Resource Network Inc (EIN 272648129) - 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

2014

Legal Domicile

Phone

7043907709

Tax Period

2023-07-01 to 2024-06-30

Promise Resource Network Inc, founded in 2014, is a community nonprofit in the Mental Health sector that reported $5.0M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $4.5M left a modest 9% surplus.

Mission

Through the wisdom of lived recovery experience, we ignite social change, inspire hope and serve as a catalyst for personal greatness.

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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 $404,707

Program Service Revenue $4,546,232

Investment Income $32,315

Other Revenue $3,185

TOTAL REVENUE $4,986,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,775,788

Fundraising Expenses $0

Program Expenses $4,041,535

Other Expenses $1,753,896

TOTAL EXPENSES $4,529,684

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,986,439	$4,071,307	+0.2%
Expenses	$4,529,684	$4,103,104	+0.1%
Net Income	$456,755	$-31,797	-15.4%

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

N/A

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

$148,654

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cherene Allen-Caraco	Executive Dir.	40.00	Officer	$148,654	$0	$148,654
Noah Swabe	COO	40.00		$109,409	$0	$109,409
Kevin Garrison	Chairman	1.00	Officer Director	$0	$0	$0
John Giampaolo	Board Member	1.00	Director	$0	$0	$0
Deborah Hendren	Board Member	1.00	Director	$0	$0	$0
Robbie Taylor	Board Member	1.00	Director	$0	$0	$0
Jon Weddell	Board 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
2025	No data	No data	No data	No data
2024	$4,986,439	$4,529,684	$5,659,704	$456,755
2023	$4,071,307	$4,103,104	$4,635,428	$-31,797
2022	$4,126,158	$4,255,135	$3,219,248	$-128,977
2021	$3,268,532	$2,506,554	$2,080,671	$761,978
2020	$1,803,186	$1,793,479	$376,322	$9,707

Promise Resource Network Inc