PROMISE ARIZONA (EIN 452081460) - 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

PETRA FALCON

Phone

6022883663

Tax Period

2023-01-01 to 2023-12-31

PROMISE ARIZONA, founded in 2011, is a small nonprofit in the Human Services sector that reported $294K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $361K exceeded revenue, resulting in a 23% operating deficit.

Mission

ORGANIZATIONS MISSION AT PROMISE ARIZONA, WE BELIEVE IN PROMOTING DIVERSITY, OPPORTUNITY, AND PROGRESS IN EVERYTHING WE DO. WE DO THIS BY BUILDING POWER IN OUR COMMUNITY, CHAMPIONING FAMILY AND CULTURAL VALUES, AND CONNECTING PEOPLE TO LIFE-CHANGING RESOURCES.OUR FAITH-BASED ORGANIZATION RELIES ON MEMBERS AND VOLUNTEERS TO HELP BUILD YOUNG COMMUNITY LEADERS AND TO CREATE POSITIVE CHANGE IN ARIZONA.

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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 $293,942

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $293,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $211,193

Fundraising Expenses $0

Program Expenses $338,656

Other Expenses $149,512

TOTAL EXPENSES $360,705

Year-over-Year Comparison

	2023	2022	Change
Revenue	$293,942	$267,800	+0.1%
Expenses	$360,705	$439,595	-0.2%
Net Income	$-66,763	$-171,795	-0.6%

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

$95,833

Total Directors

$95,833

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETRA FALCON	PRESIDENT	040.00	Officer Director	$95,833	$0	$95,833
ED BOOTH	TREASURER	001.00	Officer 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
2024	No data	No data	No data	No data
2023	$293,942	$360,705	$8,861	$-66,763
2022	$267,800	$439,595	$75,624	$-171,795
2021	$370,639	$486,672	$732,510	$-116,033
2020	$1,628,973	$798,651	$849,722	$830,322
2019	$1,163,125	$1,193,805	$20,121	$-30,680
2018	$681,169	$929,535	$53,129	$-248,366

PROMISE ARIZONA