TERRA SEARCH PROMISE (EIN 882744096) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

PHILIP DERMER

Phone

5717219328

Tax Period

2024-01-01 to 2024-12-31

TERRA SEARCH PROMISE, founded in 2022, is a micro nonprofit in the Public & Societal Benefit sector that reported $51K in total revenue in fiscal year 2022. Expenses of $70K exceeded revenue, resulting in a 37% operating deficit.

Mission

THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR HUMANITARIAN, PARTICIPATIVE, EDUCATIONAL, WELLNESS AND SCIENTIFIC PURPOSES. THE PURPOSE OF TERRA SEARCH SHALL BE TO KEEP THE NATIONS STANDING PROMISE TO NEVER FORGET IN SPIRIT AND ACTION BY BRINGING OUR NATIONS MISSING VETERANS HOME; WHILE PROMOTING PARTICIPATION THROUGHOUT THE VETERAN COMMUNITY AND ITS SUPPORTERS. TERRA SEARCH SHALL BE A NONPROFIT CORPORATION TO PROMOTE ITS CAUSE THROUGH ACTION, NETWORKING AND PROVIDING OPPORTUNITIES OF MUTUAL BENEFIT TO PARTICIPANTS AND SUPPORTERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $215,502

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $215,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $229,663

Other Expenses $231,897

TOTAL EXPENSES $231,897

Year-over-Year Comparison

	2024	2023	Change
Revenue	$215,502	$50,000	+3.3%
Expenses	$231,897	$43,754	+4.3%
Net Income	$-16,395	$6,246	-3.6%

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

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
PHILIP DERMER	PRESIDENT	5.00	Officer Director	$0	$0	$0
JEFF BUCHANAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL GRESALFI	DIRECTOR	1.00	Director	$0	$0	$0
PETE DUKE DELUCA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SONNY TRIMBLE	DIRECTOR	1.00	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	$215,502	$231,897	$40,571	$-16,395
2023	$50,000	$43,754	$57,142	$6,246
2022	$50,872	$69,816	$50,872	$-18,944

TERRA SEARCH PROMISE