FULFILLING THE PROMISE PRINCE GEORG

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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

Tax Period

2023-01-01 to 2023-12-31

FULFILLING THE PROMISE PRINCE GEORG, founded in 2018, is a micro nonprofit that reported $29K in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $410K exceeded revenue, resulting in a 1310% operating deficit.

Mission

PROVIDE FINANCIAL SUPPORT TO ORGANIZATION IN PRINCE GEORGES COUNTY WHO SERVE OUR RESIDENTS IN NEED

Program Service Accomplishments

Program 1

Expenses: $203,353

FULFILLING THE PROMISE - CHARITY DONATIONS:PROVIDED FINANCIAL SUPPORT TO ORGANIZATIONS IN PRINCE GEORGES COUNTY WHO SERVE OUR RESIDENTS IN NEED.

Program 2

Expenses: $192,723

FULFILLING THE PROMISE - FURTHER TOGETHER PRINCE GEORGES COUNTY 2022 INAUGURAL GALA:THE FOUNDATION CELEBRATED THE HISTORY OF PRINCE GEORGES COUNTY AND ITS CITIZENS AT GAYLORD HOTEL AND CONFERENCE...

FULFILLING THE PROMISE - FURTHER TOGETHER PRINCE GEORGES COUNTY 2022 INAUGURAL GALA:THE FOUNDATION CELEBRATED THE HISTORY OF PRINCE GEORGES COUNTY AND ITS CITIZENS AT GAYLORD HOTEL AND CONFERENCE CENTER. THE EVENT HONORED 4 CHARITY ORGANIZATIONS INCLUDING VETERANS OF FOREIGN WARS OF THE U.S, MARYS CENTER, THE ARC OF PRINCE GEORGES COUNTY, AND THE UNITED COMMUNITIES AGAINST POVERTY, PRINCE GEORGES COUNTY.

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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 $29,097

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $29,097

Expense Breakdown

Grants Paid $203,353

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $396,076

Other Expenses $206,984

TOTAL EXPENSES $410,337

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,097	$914,226	-1.0%
Expenses	$410,337	$676,900	-0.4%
Net Income	$-381,240	$237,326	-2.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SONJA WELBORNE-RICE	SECRETARY	5.00	Officer	$0	$0	$0
JAMES ALSOBROOKS	PRESIDENT	5.00	Officer	$0	$0	$0
KIMBERLY A SEYMOUR	TREASURER	10.00	Officer	$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
2023	$29,097	$410,337	No data	$-381,240
2022	$914,226	$676,900	$381,240	$237,326
2018	$781,184	$600,494	$180,690	$180,690