NEW PROMISE FOUNDATION INC (EIN 842183217) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

JOANNA KANIEWSKA

Phone

2154588521

Tax Period

2023-01-01 to 2023-12-31

NEW PROMISE FOUNDATION INC, founded in 2020, is a small nonprofit in the Mental Health sector that reported $563K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $526K, a strong 93% operating margin.

Mission

The foundation was formed to help children whose lives that have been impacted by events beyond their control, those affected by severe illness, victims of drunk drivers, death in the family, war conflicts and many others. New Promise Foundation seeks to help these children recuperate their lives and improve their futures.THE GOAL OF THE FOUNDATION IS TO HELP THESE FAMILIES RECOVER FROM THESE ACCIDENTS, AND ASSISTING WITH MEDICAL, PHYSICAL, MENTAL REHABILITATION EXPENSES. THE ORGANIZATION GOAL WOULD LIKE TO HELP ALLEVIATE THE FINANCIAL OBLIGATIONS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $517,678

Program Service Revenue $0

Investment Income $45,361

Other Revenue $0

TOTAL REVENUE $563,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,944

Other Expenses $36,944

TOTAL EXPENSES $36,944

Year-over-Year Comparison

	2023	2022	Change
Revenue	$563,039	$430,044	+0.3%
Expenses	$36,944	$34,654	+0.1%
Net Income	$526,095	$395,390	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

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
JOANNA KANIEWSKA	Director	0.00	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	No data	No data	No data	No data
2023	$563,039	$36,944	$1,469,983	$526,095
2022	$430,044	$34,654	$943,883	$395,390
2021	$302,870	$13,688	$548,461	$289,182
2020	$260,249	$970	$259,279	$259,279

NEW PROMISE FOUNDATION INC