FAMILY PROMISE OF THE COASTAL EMPIRE INC

EIN: 582345964 501(c)(3) Human Services

SAVANNAH, GA

Total Revenue
$766,415
Total Expenses
$1,021,729
Total Assets
$1,007,359
Net Assets
$665,008
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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
1997
Legal Domicile
GA
Principal Officer
KATRINA BOSTICK
Phone
9127909446
Tax Period
2023-01-01 to 2023-12-31

FAMILY PROMISE OF THE COASTAL EMPIRE INC, founded in 1997, is a small nonprofit in the Human Services sector that reported $766K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 33% operating deficit.

Mission

FAMILY PROMISE OF THE COASTAL EMPIRE, INC. IS A NONPROFIT ORGANIZATION COMMITTED TO EMPOWERING LOW INCOME FAMILIES WITH ACHIEVING LASTING SELF SUFFICIENCY AND INDEPENDENCE, BY PROVIDING SHORT-TERM HOUSING, MEALS, AND FAMILY-CENTERED INTENSIVE SUPPORTIVE SERVICES. IN CONJUNCTION WITH THE FAITH BASED COMMUNITY OF THE COASTAL EMPIRE, FAMILIES ARE EMPOWERED WITH NEW SKILLS, TOOLS AND RESOURCES TO HELP THEM MAINTAIN THEIR INDEPENDENCE, AND TO NAVIGATE THROUGH BARRIERS THAT HAVE CAUSED THEM TO BECOME HOUSING INSECURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $752,214
Program Service Revenue $11,725
Investment Income $2,476
Other Revenue $0
TOTAL REVENUE $766,415

Expense Breakdown

Grants Paid $0
Salaries & Benefits $298,655
Fundraising Expenses $16,172
Program Expenses $626,312
Other Expenses $723,074
TOTAL EXPENSES $1,021,729

Year-over-Year Comparison

2023 2022 Change
Revenue $766,415 $1,750,018 -0.6%
Expenses $1,021,729 $1,426,831 -0.3%
Net Income $-255,314 $323,187 -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
9
Independent Members
9
Employees
11
Volunteers
623

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
3
$90,000
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATRINA BOSTICK EXECUTIVE DI 40.00
Officer
$90,000 $0 $90,000
JENNIFER BROOKINS BOARD MEMBER 1.00
Director
$0 $0 $0
KELVIN BRYANT CHAIR 1.00
Officer Director
$0 $0 $0
JASON CROSBY CHAIR EMERIT 1.00
Director
$0 $0 $0
DENISE COOPER ESQ BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW FRAZIER BOARD MEMBER 1.00
Director
$0 $0 $0
AARON HIGGINS BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID LONDON VICE CHAIR 1.00
Officer Director
$0 $0 $0
MATTHEW MOORE BOARD MEMBER 1.00
Director
$0 $0 $0
DR BONZO REDDICK BOARD MEMBER 1.00
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 $766,415 $1,021,729 $1,007,359 $-255,314
2022 $1,750,018 $1,426,831 $1,185,920 $323,187
2021 $1,344,452 $1,575,801 $741,802 $-231,349
2020 $2,095,994 $2,066,869 $985,314 $29,125
2019 $424,440 $470,405 $603,304 $-45,965
2018 $559,336 $587,040 $653,418 $-27,704
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