Family Promise - Salt Lake (EIN 870547916) - Form 990 Financial Analysis & Trantor Score

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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

1995

Legal Domicile

Principal Officer

Brian Diggs

Phone

8019618622

Tax Period

2024-07-01 to 2025-06-30

Family Promise - Salt Lake, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $426K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Net assets of $1.0M represent 29 months of operating reserves.

Mission

We help families experiencing homelessness find lasting independence and security.

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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 $388,051

Program Service Revenue $0

Investment Income $15,422

Other Revenue $22,626

TOTAL REVENUE $426,099

Expense Breakdown

Grants Paid $79,699

Salaries & Benefits $214,401

Fundraising Expenses $9,006

Program Expenses $345,819

Other Expenses $124,834

TOTAL EXPENSES $418,934

Year-over-Year Comparison

	2024	2023	Change
Revenue	$426,099	$361,894	+0.2%
Expenses	$418,934	$352,995	+0.2%
Net Income	$7,165	$8,899	-0.2%

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

Volunteers

1400

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

$86,023

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rocky Cox	President	1.00	Officer Director	$0	$0	$0
Tonya Woolsey	Vice President	1.00	Director	$0	$0	$0
Diane McAdams-Jones	Secretary	1.00	Director	$0	$0	$0
Rod Emam	Treasurer	1.00	Officer Director	$0	$0	$0
Deven Moreno	Member	1.00	Director	$0	$0	$0
Ramy Ahmed	Member	1.00	Director	$0	$0	$0
Amber Maughan	Member	1.00	Director	$0	$0	$0
Sarah Nielson	Member	1.00	Director	$0	$0	$0
Brian Diggs	Executive Director	40.00	Officer	$35,635	$9,127	$44,762
Hadley Gasser	Executive Director	40.00	Officer	$36,732	$4,529	$41,261

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	$426,099	$418,934	$1,199,827	$7,165
2024	$361,894	$352,995	$1,207,069	$8,899
2023	$378,647	$389,838	$1,071,578	$-11,191
2022	$344,662	$385,485	$1,005,562	$-40,823
2021	$306,694	$306,715	$982,707	$-21
2020	$419,669	$524,217	$1,127,279	$-104,548
2019	$459,448	$488,626	$1,233,523	$-29,178
2018	$577,720	$581,582	$1,279,410	$-3,862

Family Promise - Salt Lake