FAMILY PROMISE OF SUMMIT COUNTY INC (EIN 753101718) - 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

2003

Legal Domicile

Principal Officer

JEFF WILHITE

Phone

3302538081

Tax Period

2024-01-01 to 2024-12-31

FAMILY PROMISE OF SUMMIT COUNTY INC, founded in 2003, is a small nonprofit in the Human Services sector that reported $609K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

FAMILY PROMISE OF SUMMIT COUNTY HELPS HOMELESS FAMILIES WITH CHILDREN STAY TOGETHER AND 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $458,040

Program Service Revenue $0

Investment Income $3,802

Other Revenue $146,735

TOTAL REVENUE $608,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $268,702

Fundraising Expenses $79,699

Program Expenses $489,460

Other Expenses $389,018

TOTAL EXPENSES $657,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$608,577	$537,592	+0.1%
Expenses	$657,720	$615,420	+0.1%
Net Income	$-49,143	$-77,828	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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	Role	Reportable Comp	Other Comp	Total
CHRIS GODIOS	VICE PRESIDENT	Officer Director	$0	$0	$0
REV DARRELL FRAZIER	MEMBER	Director	$0	$0	$0
ANDREW ROTHERMEL	TREASURER	Officer Director	$0	$0	$0
JAMES STRANG	PRESIDENT	Officer Director	$0	$0	$0
TRACI LEWIS	SECRETARY	Officer Director	$0	$0	$0
MARVIN MONTGOMERY	MEMBER	Director	$0	$0	$0
RENEE NIED	MEMBER	Director	$0	$0	$0
BETH SOSINKI	MEMBER	Director	$0	$0	$0
SAMANTHA SALAMON	MEMBER	Director	$0	$0	$0
GLENDA SMITH	MEMBER	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	$608,577	$657,720	$788,059	$-49,143
2023	$537,592	$615,420	$835,425	$-77,828
2022	$470,322	$537,838	$890,281	$-67,516
2021	$340,030	$465,340	$1,015,208	$-125,310
2020	$431,735	$385,030	$1,086,275	$46,705
2019	$840,564	$327,183	$1,034,766	$513,381
2018	$410,732	$309,438	$517,355	$101,294

FAMILY PROMISE OF SUMMIT COUNTY INC