PROMISE CHILD (EIN 510602274) - 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

2006

Legal Domicile

Principal Officer

RICHARD YOUNG

Tax Period

2023-01-01 to 2023-12-31

PROMISE CHILD, founded in 2006, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO BRING HOPE TO CHILDREN THROUGH A SAVING RELATIONSHIP WITH JESUS CHRIST BY FIRST MEETING THE BASIC INDIVIDUAL NEEDS SUCH AS FOOD, CLOTHING, SHELTER AND ED.

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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 $2,088,608

Program Service Revenue $0

Investment Income $49,084

Other Revenue $0

TOTAL REVENUE $2,137,692

Expense Breakdown

Grants Paid $2,098,063

Salaries & Benefits $179,877

Fundraising Expenses $26,715

Program Expenses $2,293,387

Other Expenses $118,450

TOTAL EXPENSES $2,396,390

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,137,692	$3,551,428	-0.4%
Expenses	$2,396,390	$3,510,506	-0.3%
Net Income	$-258,698	$40,922	-7.3%

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

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

$68,920

Total Directors

$68,920

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT KASER	CHAIRMAN	40	Officer Director	$68,920	$0	$68,920
RICHARD YOUNG	TREASURER	20	Officer Director	$0	$0	$0
BRANDON LAVELL	DIRECTOR	5	Officer Director	$0	$0	$0
KERRY YOUNG	ADMINISTRATOR	30	Director	$0	$0	$0
ROB DOUGLASS	DIRECTOR	20	Director	$0	$0	$0
BRIAN JOHNSON	DIRECTOR	5	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	$2,137,692	$2,396,390	$2,235,036	$-258,698
2022	$3,551,428	$3,510,506	$2,493,734	$40,922
2021	$2,838,249	$2,248,644	$2,452,812	$589,605
2020	$1,635,109	$1,299,986	$1,863,207	$335,123
2019	$1,923,638	$1,492,346	$1,528,084	$431,292
2018	$1,393,024	$1,295,955	$1,096,792	$97,069

PROMISE CHILD