FAMILY PROMISE OF ALBANY COUNTY (EIN 810766336) - 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

2016

Legal Domicile

Principal Officer

ALAN ROMERO

Phone

3077426480

Tax Period

2024-01-01 to 2024-12-31

FAMILY PROMISE OF ALBANY COUNTY, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $188K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $242K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO HELP FAMILIES WITH CHILDREN WHO ARE EXPERIENCING HOMELESSNESS TO ACHIEVE 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 $157,577

Program Service Revenue $0

Investment Income $6,214

Other Revenue $23,785

TOTAL REVENUE $187,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,081

Fundraising Expenses $0

Program Expenses $223,238

Other Expenses $99,687

TOTAL EXPENSES $241,768

Year-over-Year Comparison

	2024	2023	Change
Revenue	$187,576	$271,306	-0.3%
Expenses	$241,768	$295,371	-0.2%
Net Income	$-54,192	$-24,065	+1.3%

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
KRISTI ANDREWS	MEMBER	3.00	Director	$0	$0	$0
JERRICA BECKEN	MEMBER	3.00	Director	$0	$0	$0
EMMA CONNELL	MEMBER	3.00	Director	$0	$0	$0
STEPHEN GRANDPRE	MEMBER	3.00	Director	$0	$0	$0
MICHELLE HARRIS	MEMBER	3.00	Director	$0	$0	$0
LINDA MELCHER	MEMBER	3.00	Director	$0	$0	$0
ROBERT AUSTIN	VICE PRESIDE	3.00	Officer	$0	$0	$0
MIKE HAROKOPIS	TREASURER	3.00	Officer	$0	$0	$0
JOSEPH LOPEZ	SECRETARY	3.00	Officer	$0	$0	$0
ALAN ROMERO	PRESIDENT	3.00	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
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

FAMILY PROMISE OF ALBANY COUNTY