FAMILY PROMISE OF GREATER KINGSPORT (EIN 311703388) - 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

2000

Legal Domicile

Principal Officer

KATHERINE ADRAKTAS

Phone

4232466500

Tax Period

2023-01-01 to 2023-12-31

FAMILY PROMISE OF GREATER KINGSPORT, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $279K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $378K exceeded revenue, resulting in a 36% operating deficit.

Mission

CASE MANAGEMENT, DAYCENTER, GUEST SUPPORT, RAPID REHOUSING, HOMELESS PREVENTION AND TRANSPORTATION FOR HOMELESS FAMILIES WITH CHILDREN.

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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 $256,895

Program Service Revenue $0

Investment Income $2,470

Other Revenue $19,544

TOTAL REVENUE $278,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,727

Fundraising Expenses $4,732

Program Expenses $305,711

Other Expenses $220,759

TOTAL EXPENSES $378,486

Year-over-Year Comparison

	2023	2022	Change
Revenue	$278,909	$380,962	-0.3%
Expenses	$378,486	$360,125	+0.1%
Net Income	$-99,577	$20,837	-5.8%

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

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

$76,460

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAIL PRESLAR	PRESIDENT	1.00	Officer Director	$0	$0	$0
CYNTHIA GAGNON	TRUSTEE	1.00	Director	$0	$0	$0
GERRI HARRISON	TRUSTEE	1.00	Director	$0	$0	$0
JACK CLINE	TRUSTEE	1.00	Director	$0	$0	$0
JON PETERS	TRUSTEE	1.00	Director	$0	$0	$0
LESLIE CLIFTON	TRUSTEE	1.00	Director	$0	$0	$0
NICHOLE HUFF	TRUSTEE	1.00	Director	$0	$0	$0
GRAY STOTHART	FORMER PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHERINE ADRAKTAS	EXECUTIVE DIRECTOR, TREASURER	40.00	Officer	$10,446	$0	$10,446
MONIKA WILLIAMS	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$66,014	$0	$66,014

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	$278,909	$378,486	$345,360	$-99,577
2022	$380,962	$360,125	$444,937	$20,837
2021	$415,222	$314,277	$424,100	$100,945
2020	$213,711	$174,939	$324,980	$38,772

FAMILY PROMISE OF GREATER KINGSPORT