PROMISE POINTE INC (EIN 812532681) - 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

MIKE OLSON

Tax Period

2023-01-01 to 2023-12-31

PROMISE POINTE INC, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $398K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $188K, a strong 47% operating margin.

Mission

PROVIDE THE HOMELESS OF VICTORIA, TEAS AND THE CROSSROADS REGION WITH PERMANENT AFFORDABLE HOUSING AND A TRANSFORMATIVE SUPPORTIVE RESIDENTIAL 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 $346,237

Program Service Revenue $51,169

Investment Income $169

Other Revenue $18

TOTAL REVENUE $397,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,702

Program Expenses $168,357

Other Expenses $210,040

TOTAL EXPENSES $210,040

Year-over-Year Comparison

	2023	2022	Change
Revenue	$397,593	$566,189	-0.3%
Expenses	$210,040	$218,193	0.0%
Net Income	$187,553	$347,996	-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

N/A

Volunteers

165

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
PAM BORCHERT	DIRECTOR	N/A	Director	$0	$0	$0
BUDDY BREIVOGEL	TREASURER	N/A	Officer Director	$0	$0	$0
NELDA CHAMBERS	DIRECTOR	N/A	Director	$0	$0	$0
JIM COLE	DIRECTOR	N/A	Director	$0	$0	$0
MARGARET FISSELER	DIRECTOR	N/A	Director	$0	$0	$0
GAIL HOAD	SECRETARY	N/A	Officer Director	$0	$0	$0
CASEY HOUSWORTH	DIRECTOR	N/A	Director	$0	$0	$0
SISTER REBECCA JANACEK	COMMUNITY MG	N/A	Director	$0	$0	$0
KATHRYN MUNOZ-HICKL	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
MIKE OLSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOHN PIERCE	DIRECTOR	N/A	Director	$0	$0	$0
FRANK REYES	DIRECTOR	N/A	Director	$0	$0	$0
RANDY STERNADEL	DIRECTOR	N/A	Director	$0	$0	$0
NICOLE WAY	DIRECTOR	N/A	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
2024	No data	No data	No data	No data
2023	$397,593	$210,040	$1,666,317	$187,553
2023	$405,288	$228,875	$1,641,464	$176,413
2022	$566,189	$218,193	$1,464,418	$347,996
2021	$409,143	$135,687	$1,115,270	$273,456
2020	$310,461	$105,824	$843,134	$204,637
2019	$326,267	$134,840	$637,765	$191,427
2018	$440,129	$38,269	$403,911	$401,860

PROMISE POINTE INC