Promesa Behavioral Health

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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

1988

Legal Domicile

Principal Officer

LISA WEIGANT

Phone

5594395437

Tax Period

2023-01-01 to 2023-12-31

Promesa Behavioral Health, founded in 1988, is a community nonprofit in the Human Services sector that reported $9.4M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

PROMESA BEHAVIORAL HEALTH'S MISSION IS TO ACT AS A MODEL NONPROFIT ORGANIZATION CREATING TANGIBLE, MEASURABLE, ACCOUNTABLE COMMUNITY BENEFITS BY PROVIDING SAFE, SENSITIVE, AND THERAPEUTIC ENVIRONMENTS AND TREATMENT TO THOSE WE SERVE THROUGH THE WORK OF TRAINED, DEDICATED STAFF IN PARTNERSHIPS WITH SOCIAL, HEALTH, JUDICIAL, AND OTHER APPROPRIATE COMMUNITY AGENCIES.

Program Service Accomplishments

Program 1

Expenses: $5,629,000 Revenue: $5,542,448

The Short Term Residential Therapeutic Program (STRTP) through their residential care facilities, provides shelter, supervision and counseling to children who are wards or dependents of the court...

The Short Term Residential Therapeutic Program (STRTP) through their residential care facilities, provides shelter, supervision and counseling to children who are wards or dependents of the court system. During 2023 Promesa provided approximately 6,335 days of shelter and care in the 6 bed STRTP and 2,856 days of shelter and care for mothers and babies in their service area.

Program 2

Expenses: $2,625,897 Revenue: $3,079,168

The Foster Family Agency (FFA) program recruits, trains, and supervises foster parents. The Agency then places children who are wards or dependents of the court system in appropriate homes. In 2023 Promesa provided approximately 20,813 days of foster care to children throughout their service area.

Program 3

Expenses: $502,822 Revenue: $404,172

The Substance Use Treatment Disorder Program offers state certified multilingual drug and alcohol programs in individual and group settings for an outpatient setting with sensitivity to multicultural needs. The program provides telehealth effective short-term tools to support abstention, teach triggers for addictive behaviors and offer relapse prevention services after program completion.

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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 (2023)

Revenue Breakdown

Contributions & Grants $25,000

Program Service Revenue $9,378,824

Investment Income $25,502

Other Revenue $3,646

TOTAL REVENUE $9,432,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,361,027

Fundraising Expenses $0

Program Expenses $8,978,946

Other Expenses $3,530,156

TOTAL EXPENSES $9,891,183

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,432,972	$10,310,142	-0.1%
Expenses	$9,891,183	$9,792,958	+0.0%
Net Income	$-458,211	$517,184	-1.9%

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

183

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

$371,763

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA WEIGANT	CEO	40.00	Officer	$214,419	$2,863	$217,282
Erlan Zuniga	CFO	40.00	Officer	$140,453	$14,028	$154,481
Jodeane Romero	HR Director	40.00		$126,967	$4,410	$131,377
Arlene Vargas	Resident Prog Dir	40.00		$108,228	$215	$108,443
PATRICIA BROWNS	Director	1.00	Director	$0	$0	$0
NIDA GUZON-PALMORE	Director	1.00	Director	$0	$0	$0
ERIC HODGE	Director	1.00	Director	$0	$0	$0
MICHAEL DER MANOUEL SR	President	1.00	Officer Director	$0	$0	$0
FRED OLMSTEAD	SEC/TREASURER	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
2024	No data	No data	No data	No data
2023	$9,432,972	$9,891,183	$12,291,704	$-458,211
2022	$10,310,142	$9,792,958	$12,645,263	$517,184
2021	$11,295,524	$10,209,257	$10,814,640	$1,086,267
2020	$12,705,673	$10,227,173	$9,624,558	$2,478,500
2019	$11,020,345	$10,425,283	$7,108,756	$595,062
2018	$10,577,869	$9,562,674	$6,515,937	$1,015,195