FAMILY PROMISE INC (EIN 521591461) - 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

1988

Legal Domicile

Principal Officer

CHERYL SCHUCH

Phone

9082731100

Tax Period

2024-01-01 to 2024-12-31

FAMILY PROMISE INC, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $9.3M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 19% operating margin.

Mission

THE MISSION OF FAMILY PROMISE IS TO PREVENT AND END HOMELESSNESS FOR FAMILIES WITH CHILDREN AND HELP THEM ACHIEVE SUSTAINABLE INDEPENDENCE THROUGH A COMMUNITY- BASED RESPONSE.

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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 $8,278,235

Program Service Revenue $949,305

Investment Income $119,689

Other Revenue $-19,593

TOTAL REVENUE $9,327,636

Expense Breakdown

Grants Paid $3,074,605

Salaries & Benefits $3,133,008

Fundraising Expenses $356,617

Program Expenses $6,591,240

Other Expenses $1,331,821

TOTAL EXPENSES $7,539,434

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,327,636	$6,611,379	+0.4%
Expenses	$7,539,434	$5,784,208	+0.3%
Net Income	$1,788,202	$827,171	+1.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

500

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

$906,417

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA BARER	TRUSTEE	1.00	Director	$0	$0	$0
BETSY BERNARD	BOARD CHAIR (THROUGH 12/2024)	1.00	Officer Director	$0	$0	$0
SARAH BIRD	TRUSTEE	1.00	Director	$0	$0	$0
ALEX ENGLISH	TRUSTEE	1.00	Director	$0	$0	$0
DAVID FLECK	TRUSTEE (AS OF 12/2024)	1.00	Director	$0	$0	$0
TIM GAMORY	TRUSTEE	1.00	Director	$0	$0	$0
LEAH GRIFFITH	TRUSTEE (AS OF 12/2024)	1.00	Director	$0	$0	$0
STEPHEN WALLACE	TRUSTEE	1.00	Director	$0	$0	$0
LINDA HENRY	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT J HUGIN	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW PIERCE	TRUSTEE (THROUGH MID-2024)	1.00	Director	$0	$0	$0
STACEY SLATER	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN FERRIE	TRUSTEE	1.00	Director	$0	$0	$0
LORI WINKLER	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER KING	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MOODY	BOARD CHAIR (AS OF 12/2024)	1.00	Officer Director	$0	$0	$0
MARY MULIETT	TRUSTEE	1.00	Director	$0	$0	$0
VERNON WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
JAMES BLOCK	TRUSTEE (AS OF 12/2024)	1.00	Director	$0	$0	$0
CHERYL SCHUCH	CHIEF EXECUTIVE OFFICER	40.00	Officer	$247,716	$15,241	$262,957
SANDRA MINIUTTI	CHIEF NETWORK OFFICER	40.00	Officer	$152,288	$10,024	$162,312
SHARI COMPETIELLO	CHIEF OPERATING OFFICER	40.00	Officer	$135,769	$8,945	$144,714
MICHAEL KERKORIAN	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$150,902	$21,816	$172,718
BRITT DARROW	CHIEF FINANCIAL OFFICER	40.00	Officer	$144,835	$18,881	$163,716
MELISSA BIGGAR	SENIOR DIRECTOR OF COMMUNICATIONS & ANNUAL FUND	40.00	Highest	$103,847	$21,757	$125,604
CAROLYN GORDON	SENIOR DIRECTOR OF PROGRAM DEVELOPMENT	40.00	Highest	$104,273	$11,508	$115,781
AMBER YOUNG	DIRECTOR OF CORPORATE RELATIONS	40.00	Highest	$101,156	$12,233	$113,389

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
2025	No data	No data	No data	No data
2024	$9,327,636	$7,539,434	$12,237,920	$1,788,202
2023	$6,611,379	$5,784,208	$7,560,643	$827,171
2022	$6,304,830	$7,572,919	$6,255,116	$-1,268,089
2021	$6,508,376	$6,462,739	$7,678,924	$45,637
2020	$7,972,729	$5,032,402	$7,291,427	$2,940,327
2019	$4,149,993	$3,527,967	$4,175,216	$622,026
2018	$3,389,573	$2,404,927	$3,355,589	$984,646

FAMILY PROMISE INC