FULFILLING THE PROMISE PRINCE GEORG

EIN: 832051232

CAMP SPRINGS, MD

Total Revenue
$29,097
Total Expenses
$410,337
Total Assets
N/A
Net Assets
N/A
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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
MD
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

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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%)

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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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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