THE PROMISE CENTER OF HOMEWOOD INC

EIN: 880877638 501(c)(3) Youth Development

PITTSBURGH, PA

Total Revenue
$344,224
Total Expenses
$167,256
Total Assets
$178,081
Net Assets
$178,081
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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
2022
Legal Domicile
PA
Principal Officer
NATHANIEL GOODSON
Phone
4127272155
Tax Period
2024-01-01 to 2024-12-31

THE PROMISE CENTER OF HOMEWOOD INC, founded in 2022, is a small nonprofit in the Youth Development sector that reported $344K in total revenue in fiscal year 2024. Revenue surged 276% from the prior year, signaling strong growth momentum. The organization ran a surplus of $177K, a strong 51% operating margin.

Mission

Dedicated to Fostering Stability in Families and Communities Through Robust Capacity-Building Initiatives.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $344,224
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $344,224

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $167,256
TOTAL EXPENSES $167,256

Year-over-Year Comparison

2024 2023 Change
Revenue $344,224 $91,665 +2.8%
Expenses $167,256 $94,847 +0.8%
Net Income $176,968 $-3,182 -56.6%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
15

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
3
$0
Total Directors
0
$0
Key Employees
1
$15,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NATHANIEL GOODSON PRESIDENT 60
Key Emp
$15,000 $0 $15,000
TODD M BLODGETT SECRETARY 10
Officer
$0 $0 $0
KATHERINE L GOODSON N/A 15
Officer
$0 $0 $0
JEFFERY WEIMER N/A 2
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
2025 No data No data No data No data
2024 $344,224 $167,256 $178,081 $176,968
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