FAMILY PROMISE OF ALBANY COUNTY

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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

2016

Legal Domicile

Principal Officer

MICHELLE HARRIS

Phone

3077426480

Tax Period

2025-01-01 to 2025-12-31

FAMILY PROMISE OF ALBANY COUNTY, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $155K in total revenue in fiscal year 2025. Revenue decreased 17% compared to the prior year. Expenses of $238K exceeded revenue, resulting in a 54% operating deficit.

Mission

TO HELP FAMILIES WITH CHILDREN WHO ARE EXPERIENCING HOMELESSNESS TO ACHIEVE INDEPENDENCE.

Program Service Accomplishments

Program 1

Expenses: $221,747

HELPING FAMILIES BY UTILIZING COMMUNITY RESOURCES AND VOLUNTEERS

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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 (2025)

Revenue Breakdown

Contributions & Grants $145,280

Program Service Revenue $0

Investment Income $9,553

Other Revenue $0

TOTAL REVENUE $154,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,401

Fundraising Expenses $0

Program Expenses $221,747

Other Expenses $83,833

TOTAL EXPENSES $238,234

Year-over-Year Comparison

	2025	2024	Change
Revenue	$154,833	$187,576	-0.2%
Expenses	$238,234	$241,768	0.0%
Net Income	$-83,401	$-54,192	+0.5%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA ALLEN	MEMBER	1.00	Director	$0	$0	$0
JENICE DUKE	MEMBER	1.00	Director	$0	$0	$0
LINDA MELCHER	MEMBER	1.00	Director	$0	$0	$0
JESS DOOLEY	SECRETARY	1.00	Officer	$0	$0	$0
STEPHEN GRANDPRE	VICE CHAIR	1.00	Officer	$0	$0	$0
MIKE HAROKOPIS	TREASURER	2.00	Officer	$0	$0	$0
MICHELLE HARRIS	BOARD CHAIR	1.00	Officer	$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
2025	$154,833	$238,234	$125,018	$-83,401
2024	$187,576	$241,768	$201,757	$-54,192
2023	$271,306	$295,371	$254,856	$-24,065
2022	$189,312	$181,622	$275,091	$7,690
2021	$218,901	$164,051	$285,745	$54,850