WOODS PROMISE INC (EIN 455405958) - 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

2012

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

WOODS PROMISE INC, founded in 2012, is a small nonprofit in the Education sector that reported $272K in total revenue in fiscal year 2021. The organization ran a surplus of $44K, a strong 16% operating margin.

Mission

TO DEVELOP PROGRAMMING THROUGH STREAM ACADEMIES, INSTITUTES, WORKSHOPS AND SEMINARS, THAT PROVIDE COMPUTER LITERACY, ADULT LITERACY, RESUME WRITING, ETIQUETTES, INTERVIEWING SKILLS, AND DRESS FOR SUCCESS PROGRAMS, IN COLLABORATION WITH AREA COMMUNITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,545

Program Service Revenue $286,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $289,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $270,165

Other Expenses $270,165

TOTAL EXPENSES $270,165

Year-over-Year Comparison

	2022	2021	Change
Revenue	$289,545	$272,350	+0.1%
Expenses	$270,165	$228,550	+0.2%
Net Income	$19,380	$43,800	-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

N/A

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

$28,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
CHARLES WOODS	PRESIDENT	Officer	$28,000	$0	$28,000
BRIAN C WOODS	DIRECTOR	Officer	$0	$0	$0
COURTNEY C WOODS	DIRECTOR	Officer	$0	$0	$0
WENDY A WOODS	SECRETARY TREASURER	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
2022	$289,545	$270,165	$73,629	$19,380
2021	$272,350	$228,550	$54,250	$43,800

WOODS PROMISE INC