PROMISE FOR HAITI 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

1981

Legal Domicile

Principal Officer

DR OMER SHEDD

Phone

7045257300

Tax Period

2024-01-01 to 2024-12-31

PROMISE FOR HAITI INC, founded in 1981, is a small nonprofit that reported $893K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE HEALTHCARE, EDUCATION, AND CLEAN WATER TO THE PEOPLE OF PIGNON, HAITI.

Program Service Accomplishments

Program 1

Expenses: $663,894

PROVIDE HOSPITAL AND CLINICAL SERVICES TO OVER 145,000 PEOPLE IN PIGNON,THROUGH HOSPITAL DE BIENFAISANCE/COMITE BIENFAISANCE DE PIGNON.

Program 2

Expenses: $249,092

PROVIDE SCHOLARSHIPS AND EDUCATIONAL ASSISTANCE TO STUDENTS IN THE PIGNON, HAITI AREA. STUDENTS ATTEND PRIMARY, SECONDARY, UNIVERSITY, MEDICAL AND OTHER LEVELS OF EDUCATION

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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 $816,706

Program Service Revenue $0

Investment Income $7,872

Other Revenue $68,190

TOTAL REVENUE $892,768

Expense Breakdown

Grants Paid $732,337

Salaries & Benefits $36,286

Fundraising Expenses $10,444

Program Expenses $912,986

Other Expenses $233,576

TOTAL EXPENSES $1,002,199

Year-over-Year Comparison

	2024	2023	Change
Revenue	$892,768	$974,662	-0.1%
Expenses	$1,002,199	$1,010,750	0.0%
Net Income	$-109,431	$-36,088	+2.0%

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

150

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
DOUG GRUNDER	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
R KEITH GUNTER	TREASURER	10.00	Officer Director	$0	$0	$0
JOEL HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
CHE HOOKS	SECRETARY	2.00	Officer Director	$0	$0	$0
SUE ISHEE	DIRECTOR	2.00	Director	$0	$0	$0
MARIE-ADELE ROMELUS	DIRECTOR	10.00	Director	$0	$0	$0
DR OMER SHEDD	PRESIDENT	14.00	Officer Director	$0	$0	$0
DR GUY THEODORE	FIELD DIREC	40.00	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
2025	No data	No data	No data	No data
2024	$892,768	$1,002,199	$448,726	$-109,431
2023	$974,662	$1,010,750	$566,825	$-36,088
2022	$1,167,596	$1,354,680	$586,317	$-187,084
2021	$1,089,146	$974,643	$761,863	$114,503
2020	$940,465	$952,271	$667,403	$-11,806
2019	$1,176,381	$1,009,942	$676,331	$166,439
2018	$987,141	$962,257	$505,378	$24,884