Princess Promise Inc

EIN: 465392334 501(c)(3) Religion

McKinney, TX

Total Revenue
$347,092
Total Expenses
$339,178
Total Assets
$291,316
Net Assets
$291,316
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
TX
Principal Officer
Mike DiLeo
Phone
9728381937
Tax Period
2024-01-01 to 2024-12-31

Princess Promise Inc, founded in 2014, is a small nonprofit in the Religion sector that reported $347K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

Princess Promise exists to bring hope and healing to vulnerable girls in Sierra Leone, West Africa. Please see Schedule O for continued description.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $339,422
Program Service Revenue $0
Investment Income $144
Other Revenue $7,526
TOTAL REVENUE $347,092

Expense Breakdown

Grants Paid $1,411
Salaries & Benefits $77,816
Fundraising Expenses $8,728
Program Expenses $303,154
Other Expenses $256,451
TOTAL EXPENSES $339,178

Year-over-Year Comparison

2024 2023 Change
Revenue $347,092 $314,948 +0.1%
Expenses $339,178 $363,260 -0.1%
Net Income $7,914 $-48,312 -1.2%
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

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Governance

Voting Members
5
Independent Members
3
Employees
4
Volunteers
30

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
3
$30,000
Total Directors
5
$30,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mike DiLeo President 38.00
Officer Director
$30,000 $0 $30,000
Amanda Szecsy Chairwoman 2.00
Officer Director
$0 $0 $0
Brooke Phillips Secretary 0.50
Officer Director
$0 $0 $0
Leanne DiLeo Director 0.50
Director
$0 $0 $0
Jared Smith Director 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 $347,092 $339,178 $291,316 $7,914
2023 $314,948 $363,260 $285,834 $-48,312
2022 $361,899 $246,367 $332,216 $115,532
2021 $374,048 $356,393 $216,182 $17,655
2021 $374,048 $356,393 $216,182 $17,655
2020 $260,910 $206,969 $198,527 $53,941
2019 $227,550 $148,451 $158,166 $79,099
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