The Charleston Promise Neighborhood (EIN 800597710) - 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

2010

Legal Domicile

Principal Officer

Sherrie C Snipes-William

Phone

8436476209

Tax Period

2024-07-01 to 2025-06-30

The Charleston Promise Neighborhood, founded in 2010, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

To provide and facilitate comprehensive programs and services that support children, strengthen families, and mobilize residents to action.

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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 $1,169,153

Program Service Revenue $0

Investment Income $43,245

Other Revenue $0

TOTAL REVENUE $1,212,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $667,398

Fundraising Expenses $156,233

Program Expenses $956,752

Other Expenses $556,544

TOTAL EXPENSES $1,223,942

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,212,398	$1,364,169	-0.1%
Expenses	$1,223,942	$1,452,641	-0.2%
Net Income	$-11,544	$-88,472	-0.9%

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

Volunteers

115

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

$149,890

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Debra Romano	Chair	5.00	Officer Director	$0	$0	$0
Clara Fuqua	Vice Chair	1.00	Officer Director	$0	$0	$0
R Keith Sauls	Treasurer	1.00	Officer Director	$0	$0	$0
Mindy Sturm	Secretary	1.00	Officer Director	$0	$0	$0
Monique Brown Term Ended	Director	1.00	Director	$0	$0	$0
Dr Kathryn King Term Ended	Director	1.00	Director	$0	$0	$0
Kellye McKenzie	Director	1.00	Director	$0	$0	$0
David White Jr	Director	1.00	Director	$0	$0	$0
Dr LaQuandra Brown Term Ended	Director	1.00	Director	$0	$0	$0
Kevin Simmons	Director	1.00	Director	$0	$0	$0
Robert Wehrman Term Ended	Director	1.00	Director	$0	$0	$0
Michelle Simmons	Director	1.00	Director	$0	$0	$0
Marvin Pendarvis	Director	1.00	Director	$0	$0	$0
Elizabeth Colbert-Busch	Director	1.00	Director	$0	$0	$0
Dr Kathi Love	Director	1.00	Director	$0	$0	$0
Jonathan Johnson	Director	1.00	Director	$0	$0	$0
Henry Darby	Director	1.00	Director	$0	$0	$0
Michael Jackson	Director	1.00	Director	$0	$0	$0
Claire Anne MacGeorge MD	Director	1.00	Director	$0	$0	$0
Jenni McCarty	Director	1.00	Director	$0	$0	$0
Sherrie C Snipes-Williams	CEO	40.00	Officer	$143,892	$5,998	$149,890

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	$1,212,398	$1,223,942	$1,835,276	$-11,544
2024	$1,364,169	$1,452,641	$1,921,513	$-88,472
2023	$1,440,824	$1,458,719	$1,987,041	$-17,895
2022	$1,672,358	$1,323,901	$2,003,148	$348,457
2021	$1,090,910	$909,460	$1,656,897	$181,450
2020	$1,201,517	$1,267,960	$1,464,452	$-66,443
2019	$1,513,248	$1,408,106	$1,551,528	$105,142

The Charleston Promise Neighborhood