HARTFORD PROMISE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

SIVAN HINES

Phone

8609565310

Tax Period

2024-07-01 to 2025-06-30

HARTFORD PROMISE INC, founded in 2015, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $596K, a strong 18% operating margin.

Mission

TO TRANSFORM THE LIVES OF THOUSANDS OF HARTFORD STUDENTS THROUGH AN INTEGRATED COLLEGE SUCCESS MODEL THAT PROVIDES THEM THE FINANCIAL RESOURCES, SUPPORT SERVICES, & KEY RELATIONSHIPS THAT LEAD TO COLLEGE SUCCESS & ECONOMIC MOBILITY.

Program Service Accomplishments

Program 1

Expenses: $2,182,680

THE ORGANIZATION ENRICHED NUMEROUS HIGH SCHOOL SGRADUATES OF HARTFORD, CONNECTICUT WITH ENCOURAGEMENT AND PROVIDED SCHOLARSHIPS FOR FINANCIAL SUPPORT TO QUALIFIED CANDIDATES. THE ORGANIZATION...

THE ORGANIZATION ENRICHED NUMEROUS HIGH SCHOOL SGRADUATES OF HARTFORD, CONNECTICUT WITH ENCOURAGEMENT AND PROVIDED SCHOLARSHIPS FOR FINANCIAL SUPPORT TO QUALIFIED CANDIDATES. THE ORGANIZATION ENCOURAGES COLLEGE PREPAREDNESS, ATTENDANCE, AND SUCCESS FOR QUALIFIED HIGHSCHOOL GRADUATES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,044,285

Program Service Revenue $0

Investment Income $198,379

Other Revenue $0

TOTAL REVENUE $3,242,664

Expense Breakdown

Grants Paid $1,512,066

Salaries & Benefits $995,210

Fundraising Expenses $205,661

Program Expenses $2,182,680

Other Expenses $139,224

TOTAL EXPENSES $2,646,500

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,242,664	$2,435,915	+0.3%
Expenses	$2,646,500	$2,639,455	+0.0%
Net Income	$596,164	$-203,540	-3.9%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$146,545

Total Directors

$20,165

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HUGH F MURRAY III	DIRECTOR	2.00	Officer Director	$0	$0	$0
ROBERT E PATRICELLI	DIRECTOR, CO-CHAIR	2.00	Officer Director	$0	$0	$0
WALT HARRISON	DIRECTOR, CO-CHAIR	2.00	Officer Director	$0	$0	$0
KRISTINA BALDWIN	SECRETARY	2.00	Officer Director	$0	$0	$0
AKHIL JOHRI	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE TORRES-RODRIQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
MARK SCHEINBERG	DIRECTOR	1.00	Director	$0	$0	$0
DEIDRE TAVERA	DIRECTOR	1.00	Director	$0	$0	$0
DENISE ZAMORE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH LEWIS	TREASURER	1.00	Director	$0	$0	$0
SHERYL A BURKE	DIRECTOR	1.00	Director	$0	$0	$0
MARTY PFINSGRAFF	VICE-CHAIR	1.00	Director	$0	$0	$0
PARIS SAMUEL	DIRECTOR - PROMISE SCHOLAR	1.00	Director	$0	$0	$0
RICHARD SUGARMAN	PRESIDENT THROUGH 6/30/24	2.00	Director	$17,384	$2,781	$20,165
SIVANTHINI HINES	PRESIDENT EFFECTIVE 7/1/24	50.00	Officer	$126,273	$20,272	$146,545

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	$3,242,664	$2,646,500	$5,666,006	$596,164
2024	$2,435,915	$2,639,455	$5,076,891	$-203,540
2023	$2,138,546	$2,260,796	$5,250,940	$-122,250
2022	$2,678,512	$1,555,470	$5,385,246	$1,123,042
2021	$1,680,849	$797,920	$4,419,024	$882,929
2020	$905,148	$639,357	$3,481,795	$265,791
2019	$2,494,570	$443,866	$3,075,406	$2,050,704
2018	$931,926	$332,503	$1,022,487	$599,423