MIDDLETOWN PROMISE

EIN: 300453225 501(c)(3) Education

MIDDLETOWN, OH

Total Revenue
$294,000
Total Expenses
$20,988
Total Assets
$274,541
Net Assets
$273,530
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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
2007
Legal Domicile
OH
Principal Officer
CHRIS URSO
Tax Period
2019-01-01 to 2019-12-31

MIDDLETOWN PROMISE, founded in 2007, is a small nonprofit in the Education sector that reported $294K in total revenue in fiscal year 2019. The organization ran a surplus of $273K, a strong 93% operating margin.

Mission

TO PROVIDE COUSELING SERVICES FOR STUDENTS IN NEED TO HELP THEM MAKE DECISIONS FOR COLLEGE. HOPEFULLY ALSO TO PROVIDE SCHOLARHIPS TO STUDENTS FOR COLLEGE IN THE FUTURE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $294,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $294,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,620
Fundraising Expenses $0
Program Expenses $20,860
Other Expenses $368
TOTAL EXPENSES $20,988

Year-over-Year Comparison

2019 2018 Change
Revenue $294,000 N/A N/A
Expenses $20,988 N/A N/A
Net Income $273,012 N/A N/A
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
10
Independent Members
10
Employees
1
Volunteers
8

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS URSO CHAIR 0.00
Officer
$0 $0 $0
DAVE BENDER VICE CHAIR 0.00
Officer
$0 $0 $0
CHRIS GOFORTH SECRETARY 0.00
Officer
$0 $0 $0
TAL MOON TREASURER 0.00
Officer
$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
2019 $294,000 $20,988 $274,541 $273,012
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