Promise to the People Fund

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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

Phone

5173749100

Tax Period

2022-01-01 to 2022-12-31

Promise to the People Fund, founded in 2020, is a small nonprofit that reported $852K in total revenue in fiscal year 2022. Expenses of $960K exceeded revenue, resulting in a 13% operating deficit.

Mission

To operate exclusively for the promotion of civic action and social welfare by promoting the common good and general welfare of the residents of, and visitors to the State of Michigan; to support public policies on the federal, state, and local levels, that will bring about civic betterments and social improvements to Michigan residents; to support activities and programs that improve the quality and effectiveness of government for the State of Michigan; to promote, encourage and advocate citizen participation in political events, civic events and activities, and governmental events and associated activities; to promote charitable causes, including lessening the burdens of government in the State of Michigan; and to receive and administer funds to sponsor, conduct research, secure goods and services, or to hold events in conjunction with the promotion of these purposes.

Program Service Accomplishments

Program 1

Expenses: $906,000

Contributions to exempt organizations to support their work to better the lives of Michigan residents and visitors, which aligns with Promise to the People Fund's purpose.

Program 2

Expenses: $41,490

Issue advocacy and promotion of programs that better the lives of Michigan residents and visitors, and improve the quality and effectiveness of government for the State of Michigan.

Program 3

Expenses: $4,263

Hosted social welfare events to bring key stakeholders together to interact on public policy issues.

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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 (2022)

Revenue Breakdown

Contributions & Grants $851,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $851,500

Expense Breakdown

Grants Paid $906,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $951,753

Other Expenses $54,108

TOTAL EXPENSES $960,108

Year-over-Year Comparison

	2022	2021	Change
Revenue	$851,500	N/A	N/A
Expenses	$960,108	N/A	N/A
Net Income	$-108,608	N/A	N/A

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
Lori Goldman	President	1.00	Officer Director	$0	$0	$0
Wanda Hamoud	Vice President	1.00	Officer Director	$0	$0	$0
Mildred Hall	Secretary/Treas	1.00	Officer Director	$0	$0	$0
Renae Moore	Asst. Secretary	1.00	Officer	$0	$0	$0
Rebecca Vykydal	Asst. Treasurer	1.00	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
2022	$851,500	$960,108	$13,773	$-108,608