THREE RIVERS PROMISE

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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

THOMAS J LOWRY

Phone

8448737326

Tax Period

2024-01-01 to 2024-12-31

THREE RIVERS PROMISE, founded in 2019, is a small nonprofit in the Education sector that reported $147K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $105K, a strong 71% operating margin.

Mission

TO RAISE FUNDS AND ASSIST WITH TUITION/TRAINING COSTS FOR QUALIFYING GRADUATES OF THREE RIVERS PUBLIC SCHOOLS. FUNDS WILL BE DISPENSED WHEN ENDOWMENT REACHES 3,000,000.

Program Service Accomplishments

Program 1

Expenses: $4,746

ORGANIZATION IS RAISING FUNDS TO ESTABLISH AN ENDOWMENT FOR THE PURPOSE OF ASSISTING QUALIFIED GRADUATES OF THE THREE RIVERS, MICHIGAN PUBLIC SCHOOLS WITH POST SECONDARY SCHOOL EDUCATION AND/OR...

ORGANIZATION IS RAISING FUNDS TO ESTABLISH AN ENDOWMENT FOR THE PURPOSE OF ASSISTING QUALIFIED GRADUATES OF THE THREE RIVERS, MICHIGAN PUBLIC SCHOOLS WITH POST SECONDARY SCHOOL EDUCATION AND/OR VOCATIONAL TRAINING. INITIAL GOAL FOR THE ENDOWMENT IS 3,000,000 AT WHICH TIME THE FUND WILL BEGIN THE TUITION AND TRAINING ASSISTANCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $96,914

Program Service Revenue $0

Investment Income $20,761

Other Revenue $28,887

TOTAL REVENUE $146,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $30,000

Program Expenses $4,746

Other Expenses $11,814

TOTAL EXPENSES $41,814

Year-over-Year Comparison

	2024	2023	Change
Revenue	$146,562	$207,237	-0.3%
Expenses	$41,814	$23,765	+0.8%
Net Income	$104,748	$183,472	-0.4%

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
THOMAS J LOWRY	PRESIDENT	4.00	Officer Director	$0	$0	$0
MICHAEL ELDRIDGE	VICE PRESIDE	8.00	Officer Director	$0	$0	$0
BURCH RUESINK	SECRETARY	4.00	Officer Director	$0	$0	$0
DIANA WEED	TREASURER	4.00	Officer Director	$0	$0	$0
PETE BENNETT	TRUSTEE	4.00	Director	$0	$0	$0
DANIELLE MORELAND	TRUSTEE	4.00	Director	$0	$0	$0
DIANE FOGHINO	TRUSTEE	3.00	Director	$0	$0	$0
LISA LINN	TRUSTEE	2.00	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	$146,562	$41,814	$686,129	$104,748
2023	$207,237	$23,765	$581,381	$183,472
2022	$125,576	$17,788	$397,909	$107,788
2022	$125,576	$17,788	$397,909	$107,788
2021	$280,858	$12,513	$290,121	$268,345