THE CLEVELAND COUNTY PROMISE INC (EIN 461266392) - 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

2012

Legal Domicile

Principal Officer

WILLIE A GREEN

Tax Period

2019-01-01 to 2019-12-31

Mission

THE CLEVELAND COUNTY PROMISE IS A NONPROFIT ORGANIZATION FORMED TO PROVIDE ALL GRADUATES OF ANY CLEVELAND COUNTY HIGH SCHOOL WITH A SCHOLARSHIP COVERING TUITION AND ANY MANDATORY FEES, THAT CAN BE USED AT ANY ACCREDITED TWO OR FOUR-YEAR, PUBLIC OR PRIVATE COLLEGE OR UNIVERSITY IN THE UNITED STATES. WITH THE AID OF PRIVATE DONORS AND MINIMUM PUBLIC FUNDING, THE PROMISE PROGRAM WILL HELP PREPARE YOUNG ADULTS TO BECOME PRODUCTIVE CITIZENS BY PROVIDING A QUALITY EDUCATION AND A SAFE LEARNING ENVIRONMENT WHERE STUDENTS FEEL CHALLENGED, RESPECTED, AND ACCOUNTABLE AS THEY STRIVE TO MEET THE DEMANDS OF ADULTHOOD.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $11

Program Expenses $662

Other Expenses $843

TOTAL EXPENSES $843

Year-over-Year Comparison

	2019	2018	Change
Revenue	N/A	N/A	N/A
Expenses	$843	$1,146	-0.3%
Net Income	N/A	$-1,146	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYON GRAGG	TREASURER	N/A	Officer Director	$0	$0	$0
WILLIE A GREEN	BOARD CHAIRM	N/A	Officer Director	$0	$0	$0
JEFF LEDFORD	DIRECTOR	N/A	Director	$0	$0	$0
WILLIE B MCINTOSH	DIRECTOR	N/A	Director	$0	$0	$0
DANTE' A MURPHY	DIRECTOR	N/A	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
2019	No data	$843	$18,164	No data
2018	No data	$1,146	$19,028	No data

THE CLEVELAND COUNTY PROMISE INC