CITY OF PROMISE INC

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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

PRICE THOMAS

Phone

4342959525

Tax Period

2023-07-01 to 2024-06-30

CITY OF PROMISE INC, founded in 2018, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $213K, a strong 21% operating margin.

Mission

OUR MISSION IS TO END GENERATIONAL POVERTY, AND TO FOSTER A CULTURE OF ACHIEVEMENT IN WHICH ALL CHILDREN IN OUR COMMUNITY GRADUATE FROM HIGH SCHOOL, READY FOR COLLEGE OR CAREER.

Program Service Accomplishments

Program 1

Expenses: $249,399

PATHWAY COACHING: STUDENTS IN GRADES 5-12 ARE ASSIGNED A COACH TO SUPPORT THEIR ACADEMIC SUCCESS. COACHES COLLABORATE WITH TEACHERS TO ADDRESS ACADEMIC AND BEHAVIORAL NEEDS. COACHES ENSURE THAT...

PATHWAY COACHING: STUDENTS IN GRADES 5-12 ARE ASSIGNED A COACH TO SUPPORT THEIR ACADEMIC SUCCESS. COACHES COLLABORATE WITH TEACHERS TO ADDRESS ACADEMIC AND BEHAVIORAL NEEDS. COACHES ENSURE THAT STUDENTS ARE CONNECTED TO AFTER-SCHOOL ACTIVITIES, SUMMER PROGRAMS, AND EMPLOYMENT OPPORTUNITIES. COACHES PLAN AND CHAPERONE FIELD TRIPS, GIVE KIDS A RIDE WHEN NEEDED, AND SUPPORT PARENTS IN NAVIGATING PAPERWORK AND SYSTEMS THAT WILL LIFT UP THE WHOLE FAMILY.

Program 2

Expenses: $164,988

GENERAL PROGRAM: ACTIVITIES INCLUDED RESEARCH, DEVELOPMENT OF STANDARDS OF PERFORMANCE, AND THE DEVELOPMENT OF METRICS TO MEASURE THE SUCCESS OF OUTCOMES. FOOD AND TRANSPORTATION SERVICES WERE...

GENERAL PROGRAM: ACTIVITIES INCLUDED RESEARCH, DEVELOPMENT OF STANDARDS OF PERFORMANCE, AND THE DEVELOPMENT OF METRICS TO MEASURE THE SUCCESS OF OUTCOMES. FOOD AND TRANSPORTATION SERVICES WERE INCLUDED IN GENERAL PROGRAM ACTIVITY.

Program 3

Expenses: $99,764

ADULT EMPOWERMENT: RESEARCH SHOWS THAT CHILDREN'S SUCCESS IN SCHOOL IS LINKED TO THEIR PARENTS' LEVEL OF EDUCATIONAL ATTAINMENT. OUR FAMILY EMPOWERMENT PROGRAMS OFFER A DUAL-GENERATION STRATEGY FOR ACADEMIC ACHIEVEMENT. ANCHORED IN FAMILY LITERACY, WORKSHOPS AND ACTIVITIES ENABLE PARENTS TO REACH IMPORTANT SELF-SUFFICIENCY GOALS AS THEY LEARN AND GROW TOGETHER WITH THEIR CHILDREN.

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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 $1,009,413

Program Service Revenue $0

Investment Income $14,246

Other Revenue $449

TOTAL REVENUE $1,024,108

Expense Breakdown

Grants Paid $36,077

Salaries & Benefits $533,328

Fundraising Expenses $67,023

Program Expenses $604,345

Other Expenses $241,246

TOTAL EXPENSES $810,651

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,024,108	$797,188	+0.3%
Expenses	$810,651	$819,410	0.0%
Net Income	$213,457	$-22,222	-10.6%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL SHENKIR	CHAIR	2.00	Officer Director	$0	$0	$0
LEAH PURYEAR	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MOLLY DUNNINGTON	TREASURER	2.00	Officer Director	$0	$0	$0
JESSICA CARTER	SECRETARY	2.00	Officer Director	$0	$0	$0
LANCE BLAKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDY BLOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWN PENDLETON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE RYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAMIA HOPKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACY DOWNS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRENT PERCIVAL	BOARD MEMBER	1.00	Director	$0	$0	$0
PHIL STINNIE	BOARD MEMBER	1.00	Director	$0	$0	$0
KAMELA YELDER	BOARD MEMBER	1.00	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	$1,024,108	$810,651	$762,002	$213,457
2023	$797,188	$819,410	$509,022	$-22,222
2022	$857,549	$837,571	$557,210	$19,978
2021	$722,774	$567,658	$472,559	$155,116