PROMISE RESOURCE CENTER INC

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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

1998

Legal Domicile

Principal Officer

KELLY HUTTER

Phone

3012900040

Tax Period

2022-07-01 to 2023-06-30

PROMISE RESOURCE CENTER INC, founded in 1998, is a small nonprofit that reported $743K in total revenue in fiscal year 2022. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

TO WORK WITH PARENTS, CHILD CARE PROVIDERS, BUSINESSES, AND COMMUNITY ORGANIZATIONS TO HELP PROMOTE THE AVAILABILITY OF QUALITY CHILD CARE IN CALVERT, CHARLES, AND ST MARY'S COUNTY, MARYLAND.

Program Service Accomplishments

Program 1

Expenses: $795,326 Revenue: $742,922

CHILD CARE TRAINING AND TECHICIAL ASSISTANCE PROGRAMS AND WORKSHOPS FOR PARENTS AND CHILD CARE PROVIDERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $739,724

Investment Income $0

Other Revenue $3,198

TOTAL REVENUE $742,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $582,861

Fundraising Expenses $0

Program Expenses $795,326

Other Expenses $212,465

TOTAL EXPENSES $795,326

Year-over-Year Comparison

	2022	2021	Change
Revenue	$742,922	$1,014,131	-0.3%
Expenses	$795,326	$1,026,412	-0.2%
Net Income	$-52,404	$-12,281	+3.3%

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

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
CRYSTAL JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
BRIDGETTE LAWRANCE	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA HANSON	VICE PRESIDENT	2.00	Director	$0	$0	$0
TAMARA HILDEBRAND	TREAUSER	2.00	Director	$0	$0	$0
CHRISTINA OTRUBA	DIRECTOR	2.00	Director	$0	$0	$0
JULIE ROBBINS	DIRECTOR	2.00	Director	$0	$0	$0
KELLY HUTTER	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
MISTY BOOTH	FISCAL DIRECTOR	40.00	Officer	$0	$0	$0
SARAH SUTHERLAND	TRAINING PROGRAM DIRECTOR	40.00	Officer	$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
2023	$742,922	$795,326	$550,312	$-52,404
2022	$1,014,131	$1,026,412	$834,967	$-12,281
2021	$662,351	$713,820	$805,316	$-51,469
2020	$715,369	$836,276	$774,643	$-120,907
2019	$774,521	$799,904	$836,492	$-25,383
2018	$816,770	$825,662	$326,453	$-8,892