PROMISE CARES INC

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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

2015

Legal Domicile

Principal Officer

JEANEEN SHELTON

Phone

9013573337

Tax Period

2025-01-01 to 2025-12-31

PROMISE CARES INC, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $637K in total revenue in fiscal year 2025.

Mission

TO PROVIDE A SAFE HAVEN FOR SENIOR CITIZENS TO RECEIVE THE APPROPRIATE CARE.

Program Service Accomplishments

Program 1

Expenses: $500,863 Revenue: $637,194

VA BENEFITS ARE THE PRIMARY SOURCE OF REVENUE AND PAYROLL IS THE

Program 2

Expenses: $41,000

NOTES PAYABLE REGARDING FUNDS PREVIOUSLY SECURED FOR OPERATIONAL

Program 3

Expenses: $30,000

RENT EXPENSE IS THE THIRD MAJOR EXPENDITURE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $637,194

Investment Income $0

Other Revenue $0

TOTAL REVENUE $637,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $541,863

Fundraising Expenses $0

Program Expenses $688,544

Other Expenses $146,681

TOTAL EXPENSES $688,544

Year-over-Year Comparison

	2025	2024	Change
Revenue	$637,194	$602,887	+0.1%
Expenses	$688,544	$639,445	+0.1%
Net Income	$-51,350	$-36,558	+0.4%

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

$94,713

Total Directors

Key Employees

$100,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLIOT SHELTON	PRESIDENT	30	Officer	$94,713	$0	$94,713
CYNTHIA REED	EXEC DIRECTOR	40	Key Emp	$100,000	$0	$100,000

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	$637,194	$688,544	$279,595	$-51,350
2024	$602,887	$639,445	$210,195	$-36,558
2023	$508,076	$623,325	$257,527	$-115,249
2022	$542,288	$585,634	$195,441	$-43,346
2021	$451,762	$490,878	$155,116	$-39,116
2020	$471,940	$439,383	$218,383	$32,557
2019	$310,515	$363,351	$500	$-52,836
2018	$309,472	$345,803	$150	$-36,331