FAMILY PROMISE OF LUBBOCK INC

EIN: 752758106 501(c)(3) Housing & Shelter

LUBBOCK, TX

Total Revenue
$290,707
Total Expenses
$394,169
Total Assets
$751,025
Net Assets
$746,565
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
TX
Principal Officer
MONICA MARTIN
Phone
8067445035
Tax Period
2023-01-01 to 2023-12-31

FAMILY PROMISE OF LUBBOCK INC, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $291K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $394K exceeded revenue, resulting in a 36% operating deficit.

Mission

To provide homeless families with children the tools necessary to achieve long term financial, parental, and personal self-sufficiency through a comprehensive program of temporary housing, case management, and supportive 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $163,340
Program Service Revenue $0
Investment Income $121,048
Other Revenue $6,319
TOTAL REVENUE $290,707

Expense Breakdown

Grants Paid $0
Salaries & Benefits $217,519
Fundraising Expenses $12,738
Program Expenses $330,472
Other Expenses $176,650
TOTAL EXPENSES $394,169

Year-over-Year Comparison

2023 2022 Change
Revenue $290,707 $234,076 +0.2%
Expenses $394,169 $337,305 +0.2%
Net Income $-103,462 $-103,229 +0.0%
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

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Governance

Voting Members
9
Independent Members
9
Employees
4
Volunteers
100

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
2
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ed Mullins Treasurer 1.00
Officer Director
$0 $0 $0
Gary House Vice President 1.00
Officer Director
$0 $0 $0
Kase Wilbanks Member-at-large 1.00
Director
$0 $0 $0
Marlise Boyles Board Member 1.00
Director
$0 $0 $0
Vickie Wilson Board Member 1.00
Director
$0 $0 $0
BREANNE MINEFREE President 1.00
Director
$0 $0 $0
HOLLY CHURCHWELL Board Member 1.00
Director
$0 $0 $0
JIM FULLER Board Member 1.00
Director
$0 $0 $0
JUSTIN KIECHLER 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 $290,707 $394,169 $751,025 $-103,462
2022 $234,076 $337,305 $856,744 $-103,229
2021 $261,016 $299,646 $972,694 $-38,630
2020 $394,418 $349,323 $570,270 $45,095
2020 $394,418 $349,323 $570,270 $45,095
2019 $286,253 $302,891 $347,787 $-16,638
2018 $349,176 $298,563 $370,425 $50,613
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