Promise of Hope Foundation Inc (EIN 821059667) - 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

Legal Domicile

Principal Officer

MICHAEL VANDENBURG

Tax Period

2023-01-01 to 2023-12-31

Promise of Hope Foundation Inc is a small nonprofit in the Human Services sector that reported $639K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $554K left a modest 13% surplus.

Mission

Fundraising events to raise charitable contributions to help individuals in need sickness financial hardship natural disasters

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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 $633,618

Program Service Revenue $0

Investment Income $5,338

Other Revenue $0

TOTAL REVENUE $638,956

Expense Breakdown

Grants Paid $272,764

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $538,841

Other Expenses $281,434

TOTAL EXPENSES $554,198

Year-over-Year Comparison

	2023	2022	Change
Revenue	$638,956	$543,943	+0.2%
Expenses	$554,198	$511,070	+0.1%
Net Income	$84,758	$32,873	+1.6%

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

N/A

Independent Members

N/A

Employees

N/A

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
MICHAEL VANDENBURG	President	30.00	Officer Director	$0	$0	$0
SCOTT COLLETTI	Treasurer	20.00	Officer Director	$0	$0	$0
MICHAEL VANDENBURG JR	Secretary	20.00	Officer 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	$638,956	$554,198	$157,966	$84,758
2022	$543,943	$511,070	$63,208	$32,873
2019	$551,564	$495,794	$99,888	$55,770
2018	$292,975	$274,475	$19,891	$18,500

Promise of Hope Foundation Inc