PROMISE FUND OF FLORIDA INC (EIN 830535519) - 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

NANCY G BRINKER

Phone

8774277664

Tax Period

2022-04-01 to 2023-03-31

PROMISE FUND OF FLORIDA INC, founded in 2018, is a community nonprofit in the Diseases & Disorders sector that reported $2.2M in total revenue in fiscal year 2022. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $3.4M exceeded revenue, resulting in a 56% operating deficit.

Mission

THE MISSION OF THE PROMISE FUND OF FLORIDA IS TO HELP WOMEN OVERCOME FINANCIAL AND CULTURAL BARRIERS TO IMPROVE HEALTH EQUITY AND REDUCE DEATHS FROM LATE-STAGE BREAST AND CERVICAL CANCER THROUGHOUT SOUTH FLORIDA. THE PROMISE FUND CO-LOCATED A WOMEN'S HEALTH PROGRAM IN A FEDERALLY QUALIFIED HEALTH CENTER (MAMMOGRAPHY, ULTRASOUND AND CERVICAL HEALTH SERVICES) IN WEST PALM BEACH, FLORIDA WHICH HAS INCREASED HEALTH EQUITY, ACCESS AND EARLY DETECTION SCREENING RATES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,125,049

Program Service Revenue $0

Investment Income $32,185

Other Revenue $420

TOTAL REVENUE $2,157,654

Expense Breakdown

Grants Paid $1,621,543

Salaries & Benefits $950,878

Fundraising Expenses $440,797

Program Expenses $2,481,122

Other Expenses $788,331

TOTAL EXPENSES $3,362,127

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,157,654	$5,035,813	-0.6%
Expenses	$3,362,127	$1,568,621	+1.1%
Net Income	$-1,204,473	$3,467,192	-1.3%

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

$284,917

Total Directors

Key Employees

$173,873

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BRODSKY	BOARD CHAIR	15.00	Officer Director	$0	$0	$0
NANCY G BRINKER	PRESIDENT	35.00	Officer Director	$0	$0	$0
TODD LAZENBY	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
KATHERINE E BLOCK	TREASURER	1.00	Officer Director	$0	$0	$0
LAURIE SILVERS	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC BRINKER	FUNDRAISING	1.00	Director	$0	$0	$0
JULIE FISHER CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DODSON MD	DIRECTOR	0.50	Director	$0	$0	$0
SHANNON HAWKINS	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW MERCER	DIRECTOR	0.50	Director	$0	$0	$0
RONALD ROSENFELD	DIRECTOR	0.50	Director	$0	$0	$0
DIANE SCULLEY	DIRECTOR	0.50	Director	$0	$0	$0
JOHN SCULLEY	DIRECTOR	0.50	Director	$0	$0	$0
AMY YOUNG	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL GREENWALD	BOARD VICE CHAIR UNTIL 07/2023	1.00	Officer Director	$0	$0	$0
DEBRA SCHWINN	COMMUNITY PR UNTIL 07/2023	0.50	Director	$0	$0	$0
KAREN PATTI	CHIEF OPERATING OFFICER	40.00	Officer	$177,787	$3,534	$181,321
LISSETTE M LAHOZ	DIRECTOR OF NAVIAGTION	40.00	Officer	$101,535	$2,061	$103,596
LISA T HARTSTEIN	DIRECTOR OF PROGRAMS	40.00	Key Emp	$170,364	$3,509	$173,873
DONNA DODSON	DIRECTOR OF DONOR RELATIONS	40.00	Highest	$109,756	$2,204	$111,960

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	$2,157,654	$3,362,127	$5,210,630	$-1,204,473
2023	$1,969,548	$2,662,955	$4,207,583	$-693,407
2022	$5,035,813	$1,568,621	$5,308,988	$3,467,192
2021	$1,289,818	$1,034,553	$1,800,716	$255,265
2020	$1,774,599	$841,121	$1,481,453	$933,478
2019	$1,092,995	$554,213	$809,782	$538,782
2019	$1,091,800	$478,342	$613,458	$613,458

PROMISE FUND OF FLORIDA INC