FAMILY PROMISE OF FORSYTH COUNTY INC

EIN: 465664080 501(c)(3) Human Services

CUMMING, GA

Total Revenue
$524,636
Total Expenses
$315,363
Total Assets
$1,292,550
Net Assets
$1,210,334
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
GA
Principal Officer
MICHAEL CARTWRIGHT
Phone
6784764657
Tax Period
2023-01-01 to 2023-12-31

FAMILY PROMISE OF FORSYTH COUNTY INC, founded in 2014, is a small nonprofit in the Human Services sector that reported $525K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $209K, a strong 40% operating margin.

Mission

THE MISSION OF FAMILY PROMISE OF FORSYTH COUNTY IS TO EMPOWER AND ASSIST FAMILIES EXPERIENCING OR FACING HOMELESSNESS OR HOUSING INSECURITY TO ACHIEVE LONG-TERM STABILITY THROUGH A COMMUNITY-BASED RESPONSE. OUR CORE VALUES OF ENGAGING OUR COMMUNITY, BEING IMPACTFUL, UTILIZING WISE STEWARDSHIP, TREATING INDIVIDUALS WITH RESPECT AND DIGNITY, AND BEING UNIQUE DIRECT OUR FOCUS AND THE DIRECTION OF THE WAY WE SERVE OUR COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $448,559
Program Service Revenue $0
Investment Income $21,601
Other Revenue $54,476
TOTAL REVENUE $524,636

Expense Breakdown

Grants Paid $500
Salaries & Benefits $148,235
Fundraising Expenses $29,133
Program Expenses $249,261
Other Expenses $166,628
TOTAL EXPENSES $315,363

Year-over-Year Comparison

2023 2022 Change
Revenue $524,636 $425,452 +0.2%
Expenses $315,363 $296,190 +0.1%
Net Income $209,273 $129,262 +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

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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
12
Independent Members
12
Employees
7
Volunteers
575

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAN ROONEY PRESIDENT 1
Officer Director
$0 $0 $0
MIKE CARTWRITGHT VICE PRESIDENT 1
Officer Director
$0 $0 $0
LISA BROWN TREASURER 1
Officer Director
$0 $0 $0
ROBERT SCOTT SECRETARY 1
Officer Director
$0 $0 $0
JASON LASTINGER BOARD MEMBER 1
Director
$0 $0 $0
RICK GRAVES BOARD MEMBER 2
Director
$0 $0 $0
RON MITCHELL BOARD MEMBER 1
Director
$0 $0 $0
JIM HENSLEY BOARD MEMBER 1
Director
$0 $0 $0
TIM HEARD BOARD MEMBER 1
Director
$0 $0 $0
AMANDA MARMALEJO BOARD MEMBER 1
Director
$0 $0 $0
MICHAEL CONNER BOARD MEMBER 1
Director
$0 $0 $0
TAMARA PEACE BOARD MEMBER 1
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 No data No data No data No data
2023 $524,636 $315,363 $1,292,550 $209,273
2022 $425,452 $296,190 $1,093,932 $129,262
2021 $907,010 $316,343 $950,650 $590,667
2020 $328,885 $220,168 $332,673 $108,717
2019 $220,752 $204,264 $206,049 $16,488
2018 $227,335 $165,867 $183,660 $61,468
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