The Promise School

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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

2023

Legal Domicile

Principal Officer

DANIEL D'ORAZIO

Phone

2129694327

Tax Period

2023-01-01 to 2023-12-31

The Promise School, founded in 2023, is a small nonprofit in the Education sector that reported $181K in total revenue in fiscal year 2023. Expenses of $427K exceeded revenue, resulting in a 136% operating deficit.

Mission

THE PROMISE SCHOOL (THE SCHOOL) IS A NONPROFIT SCHOOL THAT EDUCATES STUDENTS WITH LANGUAGE-BASED LEARNING DISABILITIES FROM KINDERGARTEN THROUGH 8TH GRADE.

Program Service Accomplishments

Program 1

Expenses: $426,534 Revenue: $0

THE PROMISE SCHOOL OPERATED ITS FIRST SCHOOL YEAR IN 2023. ELEVEN STUDENTS, FOUR IN 4TH GRADE AND SEVEN IN 3RD GRADE, ENROLLED. ALL STUDENTS COMPLETED THE ACADEMIC YEAR. THE STUDENTS RECEIVED HIGHLY SPECIALIZED EDUCATION FOR DYSLEXIA WITH THE ORTON-GILLINGHAM METHODOLOGY, IN ADDITION TO A MULTI-SENSORY LEARNING CURRICULUM FOR OTHER CORE SUBJECTS. TO SUPPORT ADDITIONAL STUDENT DEVELOPMENT, THE SCHOOL ENGAGED ART THERAPISTS, MUSIC THERAPISTS, AND SPECIALIZED INSTRUCTION FOR IMPULSE CONTROL AND SELF-REGULATION. THE PROMISE SCHOOL INVESTED IN ON-GOING PROFESSIONAL DEVELOPMENT FOR ITS STAFF TO ENSURE THEY HAD THE HIGHEST SKILL LEVEL TO EDUCATE DYSLEXIC LEARNERS. THE STAFF ALSO RECEIVED DARKNESS TO LIGHT TRAINING TO ENSURE THE PREVENTION OF CHILD SEXUAL ABUSE, OTHER FORMS OF ABUSE, AND MANDATED REPORTING THE SCHOOL CONDUCTED ITS BASELINE REQUIREMENTS FOR THE FIRST LEVEL OF ACCREDITATION WITH THE SOUTH CAROLINA INDEPENDENT SCHOOL ASSOCIATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $125,150

Program Service Revenue $87,452

Investment Income $-32,003

Other Revenue $0

TOTAL REVENUE $180,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,055

Fundraising Expenses $0

Program Expenses $426,534

Other Expenses $276,479

TOTAL EXPENSES $426,534

Year-over-Year Comparison

	2023	2022	Change
Revenue	$180,599	N/A	N/A
Expenses	$426,534	N/A	N/A
Net Income	$-245,935	$0	N/A

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
DANIEL D'ORAZIO	PRESIDENT & TREASURER	3.75	Director	$0	$0	$0
BRANDIE D'ORAZIO	SECRETARY	80.0	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
2023	$180,599	$426,534	$19,931	$-245,935