FAMILY PROMISE OF KNOXVILLE

EIN: 562434770 501(c)(3) Housing & Shelter

KNOXVILLE, TN

Total Revenue
$349,354
Total Expenses
$313,640
Total Assets
$987,584
Net Assets
$987,584
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
TN
Principal Officer
KATHRYN ELLIS
Phone
8655842822
Tax Period
2024-01-01 to 2024-12-31

FAMILY PROMISE OF KNOXVILLE, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $349K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $314K left a modest 10% surplus.

Mission

TO PROVIDE A COMMUNITY-BASED RESPONSE THAT EMPOWERS AND EQUIPS FAMILIES EXPERIENCING HOMELESSNESS AND HOUSING-INSTABILITY TO ACHIEVE SUSTAINABLE INDEPENDENCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $346,199
Program Service Revenue $0
Investment Income $698
Other Revenue $2,457
TOTAL REVENUE $349,354

Expense Breakdown

Grants Paid $48,089
Salaries & Benefits $155,566
Fundraising Expenses $4,602
Program Expenses $292,774
Other Expenses $109,985
TOTAL EXPENSES $313,640

Year-over-Year Comparison

2024 2023 Change
Revenue $349,354 $471,962 -0.3%
Expenses $313,640 $446,796 -0.3%
Net Income $35,714 $25,166 +0.4%
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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Governance

Voting Members
11
Independent Members
11
Employees
3
Volunteers
1500

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
6
$68,488
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAMI PHILLIPS EXECUTIVE DIRECTOR 40
Officer
$68,488 $0 $68,488
RICHARD EMISON PRESIDENT 5
Officer Director
$0 $0 $0
KELSEY MITCHELL PRESIDENT ELECT 5
Officer Director
$0 $0 $0
LISA THOMPSON SECRETARY 5
Officer Director
$0 $0 $0
ANDREA STEWART TREASURER 5
Officer Director
$0 $0 $0
JANIE WALLACE IMMEDIATE PAST PRESIDENT 5
Officer Director
$0 $0 $0
SUZAN BOWMAN BOARD MEMBER 3
Director
$0 $0 $0
GARRETT HOLT BOARD MEMBER 3
Director
$0 $0 $0
MADELINE POTTER BOARD MEMBER 3
Director
$0 $0 $0
CLAUDIA STALLINGS BOARD MEMBER 3
Director
$0 $0 $0
HANNAH WHATLEY BOARD MEMBER 3
Director
$0 $0 $0
MARIA ZINK BOARD MEMBER 3
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 $349,354 $313,640 $987,584 $35,714
2023 $471,962 $446,796 $953,853 $25,166
2022 $531,416 $567,189 $924,469 $-35,773
2021 $424,723 $334,330 $957,376 $90,393
2020 $335,499 $290,644 $873,916 $44,855
2019 $432,772 $419,461 $828,840 $13,311
2018 $385,140 $376,034 $811,817 $9,106
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