AMERICAN PROMISE INC

EIN: 474608840 Community Improvement

CONCORD, MA

Total Revenue
$4,128,137
Total Expenses
$1,599,776
Total Assets
$3,497,514
Net Assets
$3,364,702
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MA
Principal Officer
JEFF CLEMENTS
Phone
9782546275
Tax Period
2023-01-01 to 2023-12-31

AMERICAN PROMISE INC, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 247% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 61% operating margin.

Mission

TO EMPOWER, INSPIRE AND ORGANIZE AMERICANS TO WIN THE 28TH AMENDMENT TO THE CONSTITUTION.

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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 $4,103,193
Program Service Revenue $0
Investment Income $24,667
Other Revenue $277
TOTAL REVENUE $4,128,137

Expense Breakdown

Grants Paid $0
Salaries & Benefits $709,895
Fundraising Expenses $228,625
Program Expenses $989,774
Other Expenses $864,881
TOTAL EXPENSES $1,599,776

Year-over-Year Comparison

2023 2022 Change
Revenue $4,128,137 $1,191,379 +2.5%
Expenses $1,599,776 $1,138,916 +0.4%
Net Income $2,528,361 $52,463 +47.2%
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
7
Independent Members
7
Employees
29
Volunteers
190

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
5
$316,125
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF CLEMENTS CEO AND BOARD MEMBER 8.00
Officer Director
$0 $0 $0
JOHN WASS BOARD CHAIR & TREASURER 1.00
Officer Director
$0 $0 $0
DEBRA WINGER BOARD MEMBER 1.00
Director
$0 $0 $0
LEILA BLODGETT BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN ESLER FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
JIM RUBENS BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTIAN NOLEN BOARD MEMBER 1.00
Director
$0 $0 $0
ALEXANDER RENARD BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM CORTESE FORMER EXECUTIVE DIRECTOR 16.00
Officer
$29,744 $0 $73,624
BRIAN BOYLE EXECUTIVE DIRECTOR 12.00
Officer
$34,255 $17,111 $129,792
RANDI FEINBERG CHIEF OPERATING OFFICER 15.00
Officer
$38,308 $8,808 $112,709
ELIZABETH HARVEY DIRECTOR OF DEVELOPMENT 16.00
Highest
$58,817 $0 $151,200
JERALD HALLIGAN DIGITAL DIRECTOR 20.00
Highest
$64,204 $0 $127,061
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 $4,128,137 $1,599,776 $3,497,514 $2,528,361
2022 $1,191,379 $1,138,916 $869,583 $52,463
2021 $872,520 $723,084 $917,638 $149,436
2020 $955,381 $396,683 $653,922 $558,698
2019 $347,272 $459,593 $396,599 $-112,321
2018 $593,600 $382,295 $553,079 $211,305
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