Family Promise of Spokane

EIN: 911707988 501(c)(3) Religion

Spokane, WA

Total Revenue
$10,351,694
Total Expenses
$7,056,872
Total Assets
$8,936,857
Net Assets
$6,682,146
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
WA
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

Provide overnight shelter, day center, meals and transportation to homeless families in Spokane County.

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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 $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

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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
14
Independent Members
14
Employees
80
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
5
$106,558
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
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
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