PROMISE54 (EIN 824119782) - 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

ATYANI HOWARD

Phone

4048953745

Tax Period

2023-10-01 to 2024-09-30

PROMISE54, founded in 2017, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $5.5M exceeded revenue, resulting in a 110% operating deficit.

Mission

WE HELP CREATE THE CONDITIONS FOR PEOPLE TO THRIVE AND DO THEIR BEST WORK.

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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 $526,300

Program Service Revenue $2,103,975

Investment Income $1,400

Other Revenue $189

TOTAL REVENUE $2,631,864

Expense Breakdown

Grants Paid $274,944

Salaries & Benefits $4,223,774

Fundraising Expenses $419,923

Program Expenses $2,107,853

Other Expenses $1,038,716

TOTAL EXPENSES $5,537,434

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,631,864	$3,460,733	-0.2%
Expenses	$5,537,434	$5,375,911	+0.0%
Net Income	$-2,905,570	$-1,915,178	+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

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

$340,968

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE EIDELMAN	CHAIR	1.00	Officer Director	$0	$0	$0
ATYANI HOWARD	PRESIDENT (BEG MARCH)	1.00	Officer Director	$0	$0	$0
MAURA MARINO	TREASURER/SECRETARY (BEG MARCH)	1.00	Officer Director	$0	$0	$0
HEATHER HARDING	TREASURER/SECRETARY (THRU MARCH)	1.00	Officer Director	$0	$0	$0
JOHN SIMPKINS	DIRECTOR	1.00	Director	$0	$0	$0
E XIOMARA PADAMSEE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$312,874	$28,094	$340,968
UN ZUCKER	PARTNER	40.00	Highest	$171,584	$21,456	$193,040
MONISHA LOZIER	PARTNER	40.00	Highest	$177,167	$500	$177,667
LUCERITO ORTIZ	PARTNER	40.00	Highest	$166,345	$12,839	$179,184
CORNELIUS LEE	PARTNER	40.00	Highest	$178,203	$13,410	$191,613
LESLIE NAIR	PARTNER	40.00	Highest	$213,212	$18,378	$231,590

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	$2,631,864	$5,537,434	$4,177,333	$-2,905,570
2023	$3,460,733	$5,375,911	$6,346,098	$-1,915,178
2022	$9,021,754	$4,368,721	$10,710,474	$4,653,033
2021	$5,405,202	$4,755,522	$6,091,539	$649,680
2020	$7,524,900	$3,644,069	$5,630,017	$3,880,831
2019	$651,285	$4,308	$646,977	$646,977

PROMISE54