PROMOTE FAMILY DEVELOPMENT CENTERS (EIN 311766818) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

DAVID PETERSON

Phone

7574101797

Tax Period

2023-07-01 to 2024-06-30

PROMOTE FAMILY DEVELOPMENT CENTERS, founded in 2003, is a small nonprofit in the Education sector that reported $639K in total revenue in fiscal year 2017. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE CHILDCARE AND EDUCATION TO CHILDREN OF LOW INCOME FAMILIES

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $601,250

Investment Income $-11,133

Other Revenue $1,158

TOTAL REVENUE $591,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,329,416

Fundraising Expenses $0

Program Expenses $1,363,634

Other Expenses $302,429

TOTAL EXPENSES $1,631,845

Year-over-Year Comparison

	2023	2022	Change
Revenue	$591,275	$733,115	-0.2%
Expenses	$1,631,845	$864,744	+0.9%
Net Income	$-1,040,570	$-131,629	+6.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID PETERSON	PRESIDENT	0.00	Officer Director	$0	$0	$0
CRAIG WITTMAN	TREASURER	0.00	Officer Director	$0	$0	$0
NANETTE ROBERTS	DIRECTOR	40.00	Director Key Emp	$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
2024	$591,275	$1,631,845	No data	$-1,040,570
2023	$733,115	$864,744	$443,800	$-131,629
2022	$881,989	$706,266	$551,408	$175,723
2021	$759,829	$640,101	$241,483	$119,728
2020	$659,743	$618,054	$219,146	$41,689
2019	$709,849	$689,788	$114,827	$20,061
2018	$639,279	$640,759	$82,131	$-1,480

PROMOTE FAMILY DEVELOPMENT CENTERS