WEALTHPROMISE

EIN: 475534522 501(c)(3)

GONZALES, LA

Total Revenue
$77
Total Expenses
$65,535
Total Assets
$1,073,677
Net Assets
$613,677
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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
LA
Principal Officer
GREGORY FULCHER
Phone
2814282712
Tax Period
2020-01-01 to 2020-12-31

WEALTHPROMISE, founded in 2016, is a micro nonprofit that reported $77 in total revenue in fiscal year 2020. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $66K exceeded revenue, resulting in a 85010% operating deficit.

Mission

TO EDUCATE INDIVIDUALS ON THE CHRISTIAN PERSPECTIVE OF FINANCIAL WEALTH.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $77
TOTAL REVENUE $77

Expense Breakdown

Grants Paid $15,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $60,064
Other Expenses $50,535
TOTAL EXPENSES $65,535

Year-over-Year Comparison

2020 2019 Change
Revenue $77 $168,435 -1.0%
Expenses $65,535 $89,289 -0.3%
Net Income $-65,458 $79,146 -1.8%
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
2
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY FULCHER PRESIDENT 2.00
Officer Director
$0 $0 $0
ARTHUR STEELE VICE-PRESIDENT 2.00
Officer 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
2020 $77 $65,535 $1,073,677 $-65,458
2019 $168,435 $89,289 $1,020,814 $79,146
2018 $323,245 $62,310 $826,285 $260,935
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