FAMILY PROMISE OF HENDRICKS COUNTY INC (EIN 461733831) - 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

JULIE RANDALL

Phone

3172963742

Tax Period

2023-01-01 to 2023-12-31

FAMILY PROMISE OF HENDRICKS COUNTY INC, founded in 2011, is a community nonprofit in the Human Services sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 31% operating margin.

Mission

TRANSFORMING THE LIVES OF FAMILIES EXPERIENCING HOMELESSNESS AND POVERTY IN HENDRICKS COUNTY BY PROVIDING HOUSING, STABILITY SERVICES AND HOMELESSNESS PREVENTION WITH THE GOAL OF ACHIEVING SUSTAINABLE INDEPENDENCE.

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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 $3,589,089

Program Service Revenue $0

Investment Income $47

Other Revenue $14,719

TOTAL REVENUE $3,603,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $897,140

Fundraising Expenses $11,320

Program Expenses $2,246,969

Other Expenses $1,576,196

TOTAL EXPENSES $2,473,336

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,603,855	$2,804,451	+0.3%
Expenses	$2,473,336	$2,528,039	0.0%
Net Income	$1,130,519	$276,412	+3.1%

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN TANNER	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
LESLEY RHODEN	TREASURER	10.00	Officer Director	$0	$0	$0
ANNE INMAN	MEMBER	10.00	Director	$0	$0	$0
TIM CAMPBELL	MEMBER	10.00	Director	$0	$0	$0
LARRY CHAMPION	MEMBER	10.00	Director	$0	$0	$0
HEAVEN GRIMES	MEMBER	10.00	Director	$0	$0	$0
SHARON MERCHANT	SECRETARY	10.00	Officer Director	$0	$0	$0
JEFF LEE	PRESIDENT	10.00	Officer Director	$0	$0	$0
ANDRE WEBB	MEMBER	10.00	Director	$0	$0	$0
APRIL MCGINNIS	MEMBER	10.00	Director	$0	$0	$0
GREG ZUSAN	MEMBER	10.00	Director	$0	$0	$0
CECE POLIN	MEMBER	10.00	Director	$0	$0	$0
MIKE MCFARLING	MEMBER	10.00	Director	$0	$0	$0
JULIE RANDALL	NON-VOTING EXECUTIVE DIREC	50.00	Officer	$90,000	$0	$90,000

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
2024	No data	No data	No data	No data
2023	$3,603,855	$2,473,336	$3,279,062	$1,130,519
2022	$2,804,451	$2,528,039	$2,104,552	$276,412
2021	$3,020,092	$1,991,090	$1,849,791	$1,029,002
2020	$1,105,745	$1,028,647	$761,541	$77,098
2019	$717,777	$396,107	$558,054	$321,670
2018	$340,369	$248,553	$360,317	$91,816

FAMILY PROMISE OF HENDRICKS COUNTY INC