INTERNATIONAL PROMISE FOUNDATION

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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

2013

Legal Domicile

Principal Officer

BETH J SPICA

Phone

6163189558

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL PROMISE FOUNDATION, founded in 2013, is a small nonprofit in the International Affairs sector that reported $304K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

ASSIST AND SUPPORT ORPHANS AND THE DISADVANTAGED IN DEVELOPING COUNTRIES BY SUPPORTING VIA SPONSORSHIP OF CHILDREN LOCATED IN FOREIGN COUNTRIES.

Program Service Accomplishments

Program 1

Expenses: $292,254

ASSIST AND SUPPORT ORPHANS AND THE DISADVANTAGED IN BANGLEDESH DURING 2024 VIA CHILD SPONSORSHIP AND DIRECT SUPPORT TO ORPHANAGE.

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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 $317,881

Program Service Revenue $0

Investment Income $0

Other Revenue $-13,865

TOTAL REVENUE $304,016

Expense Breakdown

Grants Paid $291,283

Salaries & Benefits $0

Fundraising Expenses $2,141

Program Expenses $292,254

Other Expenses $15,278

TOTAL EXPENSES $306,561

Year-over-Year Comparison

	2024	2023	Change
Revenue	$304,016	$440,249	-0.3%
Expenses	$306,561	$328,613	-0.1%
Net Income	$-2,545	$111,636	-1.0%

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

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
JENNA A KAPE	EXECUTIVE DI	15.00	Officer	$0	$0	$0
JULIANE M SPICA	SECRETARY	0.50	Officer Director	$0	$0	$0
BETH J SPICA	TREASURER	0.50	Officer Director	$0	$0	$0
FRED SPICA	TRUSTEE	0.50	Director	$0	$0	$0
DIANE CHRISTIANSON	TRUSTEE	0.50	Director	$0	$0	$0
DON ZIEMKE	TRUSTEE	0.50	Director	$0	$0	$0
LOC TRINH	TRUSTEE	0.50	Director	$0	$0	$0
TROY WIERS	TRUSTEE	0.50	Director	$0	$0	$0
ALLISON WIERS	TRUSTEE	0.50	Director	$0	$0	$0
LISA ZIEMKE	TRUSTEE	0.50	Director	$0	$0	$0
JACOB KAPE	TRUSTEE	0.50	Director	$0	$0	$0
AMY BERTOTTI	TRUSTEE	0.50	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
2024	$304,016	$306,561	$137,211	$-2,545
2023	$440,249	$328,613	$139,756	$111,636
2022	$408,683	$397,887	$160,340	$10,796
2021	$309,992	$324,214	$17,324	$-14,222
2020	$464,152	$443,158	$110,672	$20,994
2019	$332,398	$328,535	$10,552	$3,863
2018	$404,089	$439,178	$6,905	$-35,089