PROMISE NEIGHBORHOOD OF CENTRAL MINNESOTA (EIN 453233276) - 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

JANICE SIMS

Phone

3202510571

Tax Period

2024-01-01 to 2024-12-31

PROMISE NEIGHBORHOOD OF CENTRAL MINNESOTA, founded in 2011, is a small nonprofit in the Human Services sector that reported $566K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

PROMISE NEIGHBORHOOD OF CENTRAL MN (PN) ENGAGES TALAHI FAMILIES AND HELPS THEM ACHIEVE THEIR EDUCATIONAL, ECONOMIC, AND COMMUNITY ASPIRATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $565,166

Program Service Revenue $0

Investment Income $573

Other Revenue $127

TOTAL REVENUE $565,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $317,731

Fundraising Expenses $37,526

Program Expenses $388,041

Other Expenses $243,110

TOTAL EXPENSES $560,841

Year-over-Year Comparison

	2024	2023	Change
Revenue	$565,866	$693,794	-0.2%
Expenses	$560,841	$656,000	-0.1%
Net Income	$5,025	$37,794	-0.9%

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

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

$97,218

Total Directors

$4,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANNON GUSTAFSON	SECRETARY	3.25	Officer Director	$4,800	$0	$4,800
JANICE SIMS	BOARD CHAIR	3.25	Officer Director	$0	$0	$0
HOLLY WILCOX	TREASURER	3.25	Officer Director	$0	$0	$0
MONICA SCHRAUT	DIRECTOR	3.25	Director	$0	$0	$0
JERRY WETTERLING	DIRECTOR	3.25	Director	$0	$0	$0
JONNY REESE	DIRECTOR	3.25	Director	$0	$0	$0
TEANNA TAYLOR	DIRECTOR	3.25	Director	$0	$0	$0
JOHN SMITH	CHAIR OF THE EXECUTIVE COM	40.00	Officer	$92,418	$0	$92,418

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	$565,866	$560,841	$231,194	$5,025
2023	$693,794	$656,000	$270,079	$37,794
2022	$531,062	$607,285	$281,643	$-76,223
2021	$467,327	$378,353	$334,276	$88,974
2020	$251,298	$230,012	$242,760	$21,286
2019	$281,227	$192,415	$161,891	$88,812

PROMISE NEIGHBORHOOD OF CENTRAL MINNESOTA