SE RALEIGH PROMISE INC (EIN 820614057) - 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

YVETTE HOLMES

Phone

9199965697

Tax Period

2023-01-01 to 2023-12-31

SE RALEIGH PROMISE INC, founded in 2016, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $772K, a strong 47% operating margin.

Mission

SE RALEIGH PROMISE, INC. WORKS ALONGSIDE NEIGHBORS, KEY PARTNERS, AND FUNDERS TO ENSURE THAT SOUTHEAST RALEIGH RESIDENTS HAVE ACCESS TO EQUITABLE OPPORTUNITIES TO GROW, THRIVE AND PROSPER.

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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 $1,630,598

Program Service Revenue $0

Investment Income $2,711

Other Revenue $3,641

TOTAL REVENUE $1,636,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $604,143

Fundraising Expenses $89,833

Program Expenses $517,681

Other Expenses $260,764

TOTAL EXPENSES $864,907

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,636,950	$897,754	+0.8%
Expenses	$864,907	$828,654	+0.0%
Net Income	$772,043	$69,100	+10.2%

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

$166,305

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YVETTE HOLMES	CEO	50.00	Officer	$156,000	$10,305	$166,305
ASA FLEMING	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
BEN YOUNG	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JON MILLS	SECRETARY	2.00	Officer Director	$0	$0	$0
CRAWFORD CRENSHAW	TREASURER	2.00	Officer Director	$0	$0	$0
MIA BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS BRADSHAW JR	DIRECTOR	1.00	Director	$0	$0	$0
EVAN COVINGTON CHAVEZ	DIRECTOR	1.00	Director	$0	$0	$0
SONDRA COLLINS	DIRECTOR	2.00	Director	$0	$0	$0
COURTNEY CROWDER	DIRECTOR	2.00	Director	$0	$0	$0
BARRY MALONE	DIRECTOR	1.00	Director	$0	$0	$0
CATTY MOORE	DIRECTOR	1.00	Director	$0	$0	$0
MARIA SPAULDING	DIRECTOR	1.00	Director	$0	$0	$0
ASTRID TAYLOR	DIRECTOR	2.00	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	$1,636,950	$864,907	$1,589,731	$772,043
2022	$897,754	$828,654	$778,091	$69,100
2021	$702,375	$585,209	$1,008,964	$117,166
2020	$409,713	$475,342	$1,024,091	$-65,629
2019	$2,645,699	$2,162,704	$510,194	$482,995

SE RALEIGH PROMISE INC