PROMISE FOUNDATION OF BARBOUR COUNTY INC (EIN 475478991) - 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

2016

Legal Domicile

Principal Officer

WILL GREGORY

Phone

3046142630

Tax Period

2024-01-01 to 2024-12-31

PROMISE FOUNDATION OF BARBOUR COUNTY INC, founded in 2016, is a micro nonprofit in the Human Services sector that reported $3K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $113K exceeded revenue, resulting in a 4406% operating deficit.

Mission

PROMOTE PHYSICAL FITNESS AND ACTIVE LIFESTYLE TO RESIDENTS OF COUNTY BY CONSTRUCTING AN ATHLETIC COMPLEX. AFTER CONSTRUCTION, FOUNDATION WILL MAINTAIN AND MANAGE FACILITYN FOR COMMUNITY USE AND ENJOYMENT.

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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 $0

Program Service Revenue $2,271

Investment Income $0

Other Revenue $235

TOTAL REVENUE $2,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $112,325

Other Expenses $112,925

TOTAL EXPENSES $112,925

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,506	$10,662	-0.8%
Expenses	$112,925	$122,797	-0.1%
Net Income	$-110,419	$-112,135	0.0%

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

N/A

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
WILL GREGORY	President	10.00	Officer Director	$0	$0	$0
EDDIE VINCENT	Vice President	5.00	Officer Director	$0	$0	$0
NICK MAYLE	Secretary	5.00	Officer Director	$0	$0	$0
ADAM STARKS	Treasurer	5.00	Officer Director	$0	$0	$0
BRIAN TALBOTT	Officer at Larg	5.00	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	$2,506	$112,925	$1,968,075	$-110,419
2023	$10,662	$122,797	$2,212,091	$-112,135
2022	$8,631	$129,470	$2,456,575	$-120,839
2021	$12,790	$138,547	$2,712,452	$-125,757
2020	$4,884	$140,966	$2,976,823	$-136,082
2019	$50,687	$87,720	$3,244,836	$-37,033
2018	$78,152	$159,165	$3,403,096	$-81,013

PROMISE FOUNDATION OF BARBOUR COUNTY INC