CHILDREN OF PROMISE NYC

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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

2007

Legal Domicile

Principal Officer

SHARON CONTENT

Phone

7184839290

Tax Period

2023-07-01 to 2024-06-30

CHILDREN OF PROMISE NYC, founded in 2007, is a community nonprofit in the Crime & Legal sector that reported $5.8M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $944K, a strong 16% operating margin.

Mission

A NON-PROFIT ORGANIZATION THAT EMBRACES AND EMPOWER CHILDREN OF INCARCERATED PARENTS TO BREAK THE CYCLE OF INTERGENERATIONAL INCARCERATION

Program Service Accomplishments

Program 1

Expenses: $2,698,421

AFTER-SCHOOL - DEVELOPING THE INTELLECTUAL, SOCIAL AND EMOTIONAL COMPETENCIES OF CHILDREN OF MPRISONED PARENTS AND PROMOTING HEALTHY DECISION MAKING AND CRITICAL THINKING SKILLS BY PROVIDING THEM...

AFTER-SCHOOL - DEVELOPING THE INTELLECTUAL, SOCIAL AND EMOTIONAL COMPETENCIES OF CHILDREN OF MPRISONED PARENTS AND PROMOTING HEALTHY DECISION MAKING AND CRITICAL THINKING SKILLS BY PROVIDING THEM WITH A SAFE PLACE TO LEARN AND INTERACT WITH OTHER CHILDREN IN SIMILAR SITUATIONS

Program 2

Expenses: $40,691

THERAPEUTIC SERVICES - OFFERING BEHAVIORAL ASSESSMENTS AND COUNSELING TO CHILDREN OF IMPRISONED PARENTS AND THEIR FAMILY WHERE THEY CAN SAFELY EXPLORE THEIR PAST TRAUMAS, RECOGNIZE THEIR PRESENT...

THERAPEUTIC SERVICES - OFFERING BEHAVIORAL ASSESSMENTS AND COUNSELING TO CHILDREN OF IMPRISONED PARENTS AND THEIR FAMILY WHERE THEY CAN SAFELY EXPLORE THEIR PAST TRAUMAS, RECOGNIZE THEIR PRESENT ACCOMPLISHMENTS AND MOVE FORWARD TOWARD FUTURE GOALS

Program 3

Expenses: $27,342

PROJECT DREAM DIRECTING REALITIES THROUGH EXPOSURE, ACCEESS MONITORING- PROVIDING CHILDREN OF IMPRISONED PARENTS WITH ONE-TO-ONE MATCHES WITH SCREENED AND TRAINED MENTORS, WHO PARTICIPATE IN TRIPS...

PROJECT DREAM DIRECTING REALITIES THROUGH EXPOSURE, ACCEESS MONITORING- PROVIDING CHILDREN OF IMPRISONED PARENTS WITH ONE-TO-ONE MATCHES WITH SCREENED AND TRAINED MENTORS, WHO PARTICIPATE IN TRIPS AND ACTIVITIES WHICH HELP TO BREAK THE CYCLE OF INTERGENERATIONAL INCARCERATION

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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 $5,648,434

Program Service Revenue $164,861

Investment Income $10,675

Other Revenue $0

TOTAL REVENUE $5,823,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,112,542

Fundraising Expenses $108,153

Program Expenses $3,981,211

Other Expenses $2,767,663

TOTAL EXPENSES $4,880,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,823,970	$5,192,596	+0.1%
Expenses	$4,880,205	$4,596,138	+0.1%
Net Income	$943,765	$596,458	+0.6%

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

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

$223,756

Total Directors