PROMISE COMMUNITY DEVELOPMENT INC (EIN 473479209) - 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

2015

Legal Domicile

Principal Officer

JOHN S HOWARD

Phone

5025946776

Tax Period

2023-01-01 to 2023-12-31

PROMISE COMMUNITY DEVELOPMENT INC, founded in 2015, is a small nonprofit in the Human Services sector that reported $331K in total revenue in fiscal year 2023. Expenses of $382K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROMOTE COMPASSIONATE REVITALIZATION IN THE PORTLAND NEIGHBORHOOD (SEE SCHEDULE O)OF LOUISVILLE, KENTUCKY BY PROVIDING AND OPERATING A CHARITABLE AND BENEVOLENT "PAY-WHAT-YOU-CAN" RESTAURANT.

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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 $168,668

Program Service Revenue $162,398

Investment Income $0

Other Revenue $0

TOTAL REVENUE $331,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,580

Fundraising Expenses $0

Program Expenses $298,517

Other Expenses $194,169

TOTAL EXPENSES $381,749

Year-over-Year Comparison

	2023	2022	Change
Revenue	$331,066	$343,513	0.0%
Expenses	$381,749	$283,973	+0.3%
Net Income	$-50,683	$59,540	-1.9%

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

13000

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

$51,037

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN S HOWARD	PRESIDENT	10.00	Officer Director	$0	$0	$0
KATHIE STOESS	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
LARRY STOESS	SECRETARY	10.00	Officer Director	$0	$0	$0
ALINA SHAVER	DIRECTOR	10.00	Director	$0	$0	$0
TARA MATTINGLY	EXECUTIVE DIRECTOR	40.00	Officer	$51,037	$0	$51,037

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	$331,066	$381,749	$65,576	$-50,683
2022	$343,513	$283,973	$115,914	$59,540
2021	$255,997	$247,844	$56,335	$8,153
2020	$238,683	$231,481	$46,477	$7,202

PROMISE COMMUNITY DEVELOPMENT INC