NEW HAVEN PROMISE INC (EIN 811267064) - 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

2015

Legal Domicile

Principal Officer

Patricia Melton

Phone

2037766473

Tax Period

2023-07-01 to 2024-06-30

NEW HAVEN PROMISE INC, founded in 2015, is a community nonprofit in the Human Services sector that reported $5.3M in total revenue in fiscal year 2023.

Mission

To build a culture in the public schools in which students aspire to attend and graduate from college; to provide financial incentives and support for those students; and to facilitate their return to live, work and serve in the greater New Haven community.

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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 $5,253,089

Program Service Revenue $49,598

Investment Income $0

Other Revenue $1,714

TOTAL REVENUE $5,304,401

Expense Breakdown

Grants Paid $4,133,724

Salaries & Benefits $734,944

Fundraising Expenses $225,017

Program Expenses $4,765,484

Other Expenses $299,592

TOTAL EXPENSES $5,206,260

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,304,401	$5,195,298	+0.0%
Expenses	$5,206,260	$5,043,547	+0.0%
Net Income	$98,141	$151,751	-0.4%

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

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

$178,389

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patricia Melton	President	40	Officer	$163,001	$15,388	$178,389
Peter Salovey	Board Chair	0.5	Director	$0	$0	$0
Justin Elicker	Director	0.5	Director	$0	$0	$0
William Ginsberg	Director	0.5	Director	$0	$0	$0
Christopher O'Connor	Director	0.5	Director	$0	$0	$0
William Terry Brown PhD	Director	0.5	Director	$0	$0	$0
Nathan Fuerst	Director	0.5	Director	$0	$0	$0
Dr Judy D Olian	Director	0.5	Director	$0	$0	$0
Tamar Gendler	Director	0.5	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
2025	No data	No data	No data	No data
2024	$5,304,401	$5,206,260	$2,236,518	$98,141
2024	$5,281,484	$5,206,260	$2,236,518	$75,224
2023	$5,195,298	$5,043,547	$2,057,306	$151,751
2022	$5,114,232	$4,972,969	$1,905,241	$141,263
2021	$4,853,461	$5,063,690	$1,892,989	$-210,229

NEW HAVEN PROMISE INC