COREYS PROMISE (EIN 920940207) - 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

2022

Legal Domicile

Principal Officer

CHRISTIE PHELAN

Phone

3474399056

Tax Period

2025-01-01 to 2025-12-31

COREYS PROMISE, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $211K in total revenue in fiscal year 2025. Revenue decreased 14% compared to the prior year. Expenses of $300K exceeded revenue, resulting in a 42% operating deficit.

Mission

COREY'S PROMISE MISSION IS TO HELP FAMILIES OFFSET THE FINANCIAL BURDENS THEY ENDURE DURING THEIR CHILD'S CANCER DIAGNOSIS. FAMILIES IN ARE INTRODUCED TO THE ORGANIZAITON THROUGH LOCAL SCHOOLS, CHURCHES AND OTHER SUPPORT GROUPS AND GRANTS ARE GIVEN IN ORDER TO HELD THE FAMILIES. THERE ARE VARIOUS FUNDRASING PROGRAM THROUGHOUT THE YEAR DESIGNED TO RAISE AWARENES FOR PEDICATRIC CANCER.

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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 (2025)

Revenue Breakdown

Contributions & Grants $170,400

Program Service Revenue $0

Investment Income $3,385

Other Revenue $37,453

TOTAL REVENUE $211,238

Expense Breakdown

Grants Paid $296,733

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $296,733

Other Expenses $3,204

TOTAL EXPENSES $299,937

Year-over-Year Comparison

	2025	2024	Change
Revenue	$211,238	$246,393	-0.1%
Expenses	$299,937	$259,976	+0.2%
Net Income	$-88,699	$-13,583	+5.5%

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

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
CHRISTIE PHELAN	PRESIDENT	35	Officer Director	$0	$0	$0
CHRIS PHELAN	CO-PRESIDENT	10	Officer Director	$0	$0	$0
CONNOR PHELAN	VICE PRESIDENT	10	Officer Director	$0	$0	$0
CALEIGH PHELAN	SECRETARY	8	Officer Director	$0	$0	$0
COLIN PHELAN	TREASURER	8	Officer 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	$211,238	$299,937	$122,697	$-88,699
2024	$246,393	$259,976	$211,022	$-13,583
2023	$243,812	$65,549	$225,605	$178,263

COREYS PROMISE