WASHTENAW PROMISE INC (EIN 822713460) - 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

2018

Legal Domicile

Principal Officer

TIM WILSON

Phone

7344769749

Tax Period

2024-01-01 to 2024-12-31

WASHTENAW PROMISE INC, founded in 2018, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 720% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 85% operating margin.

Mission

TO EMPOWER CHILDREN IN OUR COMMUNITY WHO ARE FACING SERIOUS OBSTACLES, TO HELP RAISE THEIR POTENTIAL FOR SUCCESS IN THE FAMILY, IN SCHOOL AND IN THEIR WORLD.

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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 $1,583,109

Program Service Revenue $0

Investment Income $3,304

Other Revenue $0

TOTAL REVENUE $1,586,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,800

Fundraising Expenses $9,600

Program Expenses $168,155

Other Expenses $146,547

TOTAL EXPENSES $244,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,586,413	$193,373	+7.2%
Expenses	$244,347	$202,092	+0.2%
Net Income	$1,342,066	$-8,719	-154.9%

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

150

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

$62,000

Total Directors

$62,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM WILSON	EXECUTIVE DI	30.00	Officer Director	$62,000	$0	$62,000
ANTHONY HARBIN	MEMBER	5.00	Director	$0	$0	$0
SCOTT HEISTER	MEMBER	3.00	Director	$0	$0	$0
EMMANUEL JONES	MEMBER	N/A	Director	$0	$0	$0
RANDY STEP	MEMBER	N/A	Director	$0	$0	$0
ROBERT P UFER	PRESIDENT	10.00	Officer Director	$0	$0	$0
ALTHEA WILSON	MEMBER	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	$1,586,413	$244,347	$1,473,550	$1,342,066
2023	$193,373	$202,092	$129,894	$-8,719
2022	$215,664	$176,910	$134,157	$38,754
2021	$134,097	$178,803	$103,795	$-44,706
2020	$124,425	$131,514	$145,881	$-7,089
2019	$210,126	$122,011	$146,343	$88,115

WASHTENAW PROMISE INC