Felicias 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

2020

Legal Domicile

Principal Officer

Felicia Fonrose

Phone

9179459610

Tax Period

2024-01-01 to 2024-12-31

Felicias Promise Inc, founded in 2020, is a micro nonprofit that reported $67K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $103K exceeded revenue, resulting in a 53% operating deficit.

Program Service Accomplishments

Program 1

Expenses: $90,169 Revenue: $67,357

Felicias promise works to provide technical and non technical resources and training to prepare young women on steam career paths with communcation, entrepreneurship, leadership, and other necessary...

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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 $67,357

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $67,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,750

Program Expenses $90,169

Other Expenses $98,999

TOTAL EXPENSES $102,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$67,357	$112,505	-0.4%
Expenses	$102,749	$82,127	+0.3%
Net Income	$-35,392	$30,378	-2.2%

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

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
Felicia Fonrose	Executive Director	80.00	Officer Director	$0	$0	$0
Selina Grey	Board Secretary	8.00	Director	$0	$0	$0
Argie Moutafis Agelarakis	Chairperson	8.00	Director	$0	$0	$0
Sabrina Perry	Treasurer	8.00	Director	$0	$0	$0
Malini Shah	Co Chairperson	8.00	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
2025	No data	No data	No data	No data
2024	$67,357	$102,749	$6,361	$-35,392
2024	$79,433	$114,825	$6,361	$-35,392
2023	$112,505	$82,127	$41,835	$30,378
2022	$110,420	$113,104	$11,457	$-2,684
2021	$12,920	$4,711	$14,141	$8,209