BENTON HARBOR PROMISE FOUNDATION (EIN 274550291) - 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

2011

Legal Domicile

Principal Officer

ALLOYD BLACKMON

Phone

2692775201

Tax Period

2024-07-01 to 2025-06-30

BENTON HARBOR PROMISE FOUNDATION, founded in 2011, is a micro nonprofit in the Education sector that reported $1K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $10K exceeded revenue, resulting in a 748% operating deficit.

Mission

TO ADVANCE THE CAUSE OF PROVIDING COLLEGE TUITION FUNDS AND MEETING OTHER COLLEGE EXPENSE NEEDS TO STUDENTS WITHIN THE BENTON HARBOR PROMISE ZONE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,130

Other Revenue $1

TOTAL REVENUE $1,131

Expense Breakdown

Grants Paid $4,633

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,586

Other Expenses $4,953

TOTAL EXPENSES $9,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,131	$1,703	-0.3%
Expenses	$9,586	$27,280	-0.6%
Net Income	$-8,455	$-25,577	-0.7%

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

N/A

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

$24,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY EHRENBERG	CHAIR	2.00	Officer Director	$0	$0	$0
ALEX GRUMBINE	TREASURER	2.00	Officer Director	$0	$0	$0
CHARMAE SANDERS	DIRECTOR	2.00	Director	$0	$0	$0
MARY JO SCHNELL	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA SISTRUNK	DIRECTOR	2.00	Director	$0	$0	$0
ALLOYD BLACKMON	EXECUTIVE DIRECTOR	30.00	Officer	$12,000	$0	$24,000

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	$1,131	$9,586	$120,342	$-8,455
2024	$1,703	$27,280	$122,839	$-25,577
2023	$1,046	$11,875	$152,039	$-10,829
2022	$4,842	$9,000	$150,825	$-4,158
2021	$6,109	$13,096	$160,794	$-6,987
2020	$54,012	$9,376	$159,664	$44,636
2019	$25,402	$9,059	$125,505	$16,343

BENTON HARBOR PROMISE FOUNDATION