BUILD 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

2019

Legal Domicile

Principal Officer

STUART HARPER

Phone

7163100815

Tax Period

2023-01-01 to 2023-12-31

BUILD PROMISE INC, founded in 2019, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 84% operating margin.

Mission

PROVIDE YEAR-ROUND SHELTER AND EMERGENCY SHELTER DURING CODE BLUE WEATHER CONDITIONS AS WELL AS HEALTH AND SOCIAL SERVICE OPTIONS THROUGHOUT THE YEAR VIA PARTNER AGENCIES.

Program Service Accomplishments

Program 1

Expenses: $83,979

THE ORGANIZATION IS RAISING FUNDS TO BUILD A 22,066 SQUARE FOOT BUILDING. THE BUILD PROMISE COMMUNITY ACCESS CENTER WILL PROVIDE SHELTER FOR HOMELESS INDIVIDUALS AS WELL AS A COMMUNITY-BASED HEALTH AND WELLNESS CENTER FOR THE COMMUNITY OF BUFFALO'S EAST SIDE. IN ADDITION, JOB CREATION AND JOB TRAINING WILL BE AVAILABLE AT THE CENTER FOR NEIGHBORHOOD RESIDENTS.

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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 $1,794,986

Program Service Revenue $0

Investment Income $32,590

Other Revenue $16,051

TOTAL REVENUE $1,843,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,025

Fundraising Expenses $171,748

Program Expenses $83,979

Other Expenses $98,905

TOTAL EXPENSES $287,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,843,627	$978,961	+0.9%
Expenses	$287,930	$168,232	+0.7%
Net Income	$1,555,697	$810,729	+0.9%

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

$133,829

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY BETROS	BOARD MEMBER/CHAIR	12.00	Officer Director	$0	$0	$0
KATHLEEN MATTAR	BOARD MEMBER/VICE PRESIDENT/SECRETARY	6.00	Officer Director	$0	$0	$0
HOWARD RICH	BOARD MEMBER/TREASURER	4.00	Officer Director	$0	$0	$0
STUART HARPER	PRESIDENT	40.00	Officer	$130,000	$3,829	$133,829

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	$1,843,627	$287,930	$3,981,501	$1,555,697
2022	$978,961	$168,232	$2,395,484	$810,729
2021	$1,299,699	$23,665	$1,479,056	$1,276,034