Family Promise of Spokane

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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

1997

Legal Domicile

Principal Officer

Joe Ader

Phone

5097475487

Tax Period

2024-07-01 to 2025-06-30

Family Promise of Spokane, founded in 1997, is a mid-sized nonprofit in the Religion sector that reported $10.4M in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.3M, a strong 32% operating margin.

Mission

Family Promise of Spokane (FPS) equips families with minor children and the community to end the cycle of homelessness in Spokane County Washington. FPS provides homelessness prevention, shelter, and stable housing programs.

Program Service Accomplishments

Program 1

Expenses: $2,305,538

Family Promise of Spokane's homelessness prevention programs continued in the fiscal year as they administered two large housing assistance grants from the City of Spokane and Spokane County, as well as several smaller grants from private donors that resulted in serving 364 households (1,355 people). This included 268 families (977 people) who were effectively stabilized and exited the program with a positive outcome.

Program 2

Expenses: $1,775,751

The Emergency Family Shelter program, which included five distinct locations during the fiscal year, sheltered a total of 445 individuals. Additionally, we assisted 514 families (159 individuals)...

The Emergency Family Shelter program, which included five distinct locations during the fiscal year, sheltered a total of 445 individuals. Additionally, we assisted 514 families (159 individuals) with moving into permanent housing of their own.

Program 3

Expenses: $966,327

Family Promise of Spokane STEPS (Stability Through Engagement Partnership and Support) program works with families that we have helped obtain permanent housing. The program assists families with...

Family Promise of Spokane STEPS (Stability Through Engagement Partnership and Support) program works with families that we have helped obtain permanent housing. The program assists families with connecting to community resources and overall support to help ensure they are able to continue to meet the obligations necessary to remain in stable housing. During the fiscal year, a total of 211 families, consisting of 763 individuals, were served in this program.

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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 $9,753,671

Program Service Revenue $152,642

Investment Income $419,459

Other Revenue $25,922

TOTAL REVENUE $10,351,694

Expense Breakdown

Grants Paid $2,663,864

Salaries & Benefits $3,137,795

Fundraising Expenses $530,040

Program Expenses $5,047,616

Other Expenses $1,255,213

TOTAL EXPENSES $7,056,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,351,694	$5,643,431	+0.8%
Expenses	$7,056,872	$5,708,030	+0.2%
Net Income	$3,294,822	$-64,599	-52.0%

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

617

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

$106,558

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joe Ader	Executive Dir.	40.00	Officer	$103,293	$3,265	$106,558
Nick Dietzen	President	2.00	Officer Director	$0	$0	$0
Rick Chasteen	Vice President	2.00	Officer Director	$0	$0	$0
Jay Lewis	Treasurer	2.00	Officer Director	$0	$0	$0
James Krejci	Secretary	2.00	Officer Director	$0	$0	$0
Peter J Grabicki	Director	2.00	Director	$0	$0	$0
Tim Schwering	Director	2.00	Director	$0	$0	$0
Michele Tyler	Director	2.00	Director	$0	$0	$0
Jaclyn Clabby	Director	2.00	Director	$0	$0	$0
Marie Pence	Director	2.00	Director	$0	$0	$0
Stephanie Rockwell	Director	2.00	Director	$0	$0	$0
Mike Roth	Director	2.00	Director	$0	$0	$0
Jack Harper	Director	2.00	Director	$0	$0	$0
Dr Luis Manriquez	Director	2.00	Director	$0	$0	$0
Darin Watkins	Director	2.00	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	$10,351,694	$7,056,872	$8,936,857	$3,294,822
2024	No data	No data	No data	No data
2023	$5,420,113	$5,010,586	$5,535,472	$409,527
2022	$8,149,959	$7,127,630	$4,476,141	$1,022,329
2021	$2,601,551	$2,111,999	$3,515,540	$489,552
2020	$1,346,788	$1,181,609	$2,623,784	$165,179
2019	$2,022,038	$917,461	$1,971,510	$1,104,577
2018	$815,741	$604,658	$489,640	$211,083