PROMISE ROSE RESIDENTIAL CARE HOME INC (EIN 821579974) - 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

2017

Legal Domicile

Principal Officer

KENT DAVIS

Phone

8323014065

Tax Period

2024-01-01 to 2024-12-31

PROMISE ROSE RESIDENTIAL CARE HOME INC, founded in 2017, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 4% surplus.

Mission

AN ORGANIZATION DESIGNED TO PROVIDE IMMEDIATE SUPPORT TO CHILDREN AND FAMILIES IN NEED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,310,410

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,310,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $933,647

Fundraising Expenses $0

Program Expenses $1,085,795

Other Expenses $321,148

TOTAL EXPENSES $1,254,795

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,310,410	$1,193,830	+0.1%
Expenses	$1,254,795	$1,209,621	+0.0%
Net Income	$55,615	$-15,791	-4.5%

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

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

$169,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENT DAVIS	PRESIDENT	40.00	Director	$84,500	$0	$84,500
SHEROID EVANS	VICE-PRESIDENT	10.00	Director	$0	$0	$0
NIKIA JOHNSON	EXECUTIVE DIRECTOR	50.00	Director	$84,500	$0	$84,500
MATTHEW BOGUES	TREASURER	10.00	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	$1,310,410	$1,254,795	$448,570	$55,615
2023	$1,193,830	$1,209,621	$401,712	$-15,791
2022	$1,192,262	$1,374,249	$408,444	$-181,987
2021	$1,367,445	$1,255,493	$603,567	$111,952
2020	$1,049,967	$1,168,474	$490,868	$-118,507
2019	$1,205,031	$1,091,513	$497,995	$113,518
2018	$945,297	$736,692	$359,440	$208,605

PROMISE ROSE RESIDENTIAL CARE HOME INC