PROMISE HOUSE INC (EIN 752180083) - 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

1984

Legal Domicile

Tax Period

2021-09-01 to 2022-08-31

PROMISE HOUSE INC, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $4.9M in total revenue in fiscal year 2021. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $5.9M exceeded revenue, resulting in a 23% operating deficit.

Mission

PROMISE HOUSE EMBRACES HOMELESS, RUNAWAY & AT-RISK TEENS, GIVING THEM INDIVIDUALIZED SUPPORT, SKILLS, ENCOURAGEMENT AND HOPE TO LIVE A BETTER LIFE. WE ACCOMPLISH THIS THROUGH CRISIS INTERVENTION, EMERGENCY SHELTER AND LONG-TERM HOUSING, CASE MANAGEMENT, COUNSELING SERVICES,

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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 (2021)

Revenue Breakdown

Contributions & Grants $4,822,863

Program Service Revenue $0

Investment Income $10,218

Other Revenue $17,022

TOTAL REVENUE $4,850,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,249,641

Fundraising Expenses $567,998

Program Expenses $3,959,982

Other Expenses $1,694,308

TOTAL EXPENSES $5,943,949

Year-over-Year Comparison

	2021	2020	Change
Revenue	$4,850,103	$6,114,796	-0.2%
Expenses	$5,943,949	$6,816,909	-0.1%
Net Income	$-1,093,846	$-702,113	+0.6%

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

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

$428,537

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES M WOLFORD	CHIEF EXECUTIVE OFFICER	40.00	Officer	$170,671	$11,707	$182,378
REGINA LEVINE	CHIEF PROGRAM OFFICER	40.00	Officer	$113,819	$10,552	$124,371
DECOBIA GRAY-LAMBERT	CHIEF PHILANTHROPY OFFICER	40.00	Officer	$113,492	$8,296	$121,788
EDWARD RENTERIA JR	DIRECTOR	1.00	Director	$0	$0	$0
SEAN MHLANGA	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
TINA RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
LOGAN WALLER	DIRECTOR	1.00	Director	$0	$0	$0
RYAN STEMPF	DIRECTOR	1.00	Director	$0	$0	$0
CRISTINA SEVADJIAN	DIRECTOR	1.00	Director	$0	$0	$0
ERRIKA FLOOD-MOLTRIE	PRESIDENTDIRECTOR	3.00	Director	$0	$0	$0
TREVOR DOWD	SECRETARYDIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE BYRD	DIRECTOR	1.00	Director	$0	$0	$0
PAUL LANAGAN	DIRECTOR	1.00	Director	$0	$0	$0
ANNE HAGAN	DIRECTOR	1.00	Director	$0	$0	$0
KERRIE GODWIN	VICE PRESIDENTDIRECTOR	1.00	Director	$0	$0	$0
CATHERINE YATES	DIRECTOR	1.00	Officer 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
2022	$4,850,103	$5,943,949	$2,019,995	$-1,093,846
2021	$6,657,110	$6,720,561	$2,582,966	$-63,451
2021	$6,114,796	$6,816,909	$2,346,447	$-702,113
2020	$6,873,539	$6,414,465	$2,645,277	$459,074
2020	$6,717,719	$6,416,735	$2,643,007	$300,984
2019	$5,070,315	$5,651,532	$2,176,296	$-581,217
2018	$5,136,510	$5,208,959	$2,662,223	$-72,449

PROMISE HOUSE INC