SOCIAL PROMISE 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

2011

Principal Officer

SHARON MCGEE CRARY

Phone

7656532185

Tax Period

2023-01-01 to 2023-12-31

SOCIAL PROMISE INC, founded in 2011, is a community nonprofit in the International Affairs sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

PROVIDING CRITICAL HEALTH AND EDUCATION RESOURCES FOR UGANDAN CIVILIANS LIVING IN EXTREME POVERTY.

Program Service Accomplishments

Program 1

Expenses: $2,195,026

TO SUPPORT CRITICAL HEALTH AND EDUCATION RESOURCES FOR UGANDANS LIVING IN EXTREME POVERTY - PARTNER WITH LACOR HOSPITAL IN UGANDA

Program 2

Expenses: $35,400

TO SUPPORT CRITICAL HEALTH AND EDUCATION RESOURCES FOR UGANDAN CHILDREN LIVING IN EXTREME POVERTY - PARTNER WITH ST JUDE CHILDREN'S HOME IN UGANDA

Program 3

AFRICAN ADVENTURE - TEACH YOUNG CHILDREN ABOUT THE LIVES OF FAMILIES LIVING IN GULU, UGANDA. THROUGH THIS EVENT, THE CHILDREN HAVE THE OPPORTUNITY TO EXPERIENCE PARTS OF EVERYDAY LIFE IN GULU.

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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 $2,113,263

Program Service Revenue $0

Investment Income $1,407

Other Revenue $-17,476

TOTAL REVENUE $2,097,194

Expense Breakdown

Grants Paid $2,230,426

Salaries & Benefits $3,426

Fundraising Expenses $788

Program Expenses $2,231,450

Other Expenses $18,782

TOTAL EXPENSES $2,252,634

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,097,194	$1,702,605	+0.2%
Expenses	$2,252,634	$2,639,910	-0.1%
Net Income	$-155,440	$-937,305	-0.8%

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

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
REUBEN ADDISON	DIRECTOR	1.00	Director	$0	$0	$0
CLAIRE DUNNETT	DIRECTOR	1.00	Director	$0	$0	$0
MARY ANN ETLING	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARK FADEL	DIRECTOR	1.00	Director	$0	$0	$0
MONICA FENNELL	DIRECTOR	1.00	Director	$0	$0	$0
FRANCIS FORDJOUR	CHAIR	3.00	Officer Director	$0	$0	$0
NANCY DENNERY GOSLEE	SECRETARY	1.00	Officer Director	$0	$0	$0
PAIGE NEWBERN	DIRECTOR	1.00	Director	$0	$0	$0
ALBERT OSEI	DIRECTOR	1.00	Director	$0	$0	$0
KATE STANLEY	TREASURER	5.00	Officer Director	$0	$0	$0
SHARON MCGEE CRARY	EXECUTIVE DI	10.00	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
2024	No data	No data	No data	No data
2023	$2,097,194	$2,252,634	$697,233	$-155,440
2022	$1,702,605	$2,639,910	$852,559	$-937,305
2021	$2,361,095	$1,306,234	$1,790,327	$1,054,861
2020	$1,328,292	$673,246	$725,237	$655,046