PROMISING FUTURES INC (EIN 954000408) - 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

1995

Legal Domicile

Phone

6195924850

Tax Period

2023-01-01 to 2023-12-31

PROMISING FUTURES INC, founded in 1995, is a community nonprofit in the Human Services sector that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $791K, a strong 20% operating margin.

Mission

PROVIDE HOUSING AND RESIDENTIAL SERVICES FOR THE DEVELOPMENTALLY DISABLED

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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 $25,740

Program Service Revenue $3,233,410

Investment Income $4,355

Other Revenue $720,007

TOTAL REVENUE $3,983,512

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,118,513

Fundraising Expenses $0

Program Expenses $2,557,340

Other Expenses $1,073,909

TOTAL EXPENSES $3,192,422

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,983,512	$2,926,136	+0.4%
Expenses	$3,192,422	$2,970,739	+0.1%
Net Income	$791,090	$-44,603	-18.7%

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

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

$148,328

Total Directors

$148,328

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC KING	PROGRAM INSTRUCTOR	40.00		$199,948	$14,481	$214,429
GINA PARRA	CEO	40.00	Officer Director	$128,777	$5,451	$134,228
MARTHA MORRISSEY	CFO	50.00	Officer Director	$8,367	$5,733	$14,100
MARTHA MORRISSEY	President	1.00	Officer Director	$0	$0	$0
NATHAN CRAIG	Director	1.00	Director	$0	$0	$0
JENNY VALENCIA	Secretary	1.00	Officer Director	$0	$0	$0
MICHAEL BUTCHER	Director	1.00	Director	$0	$0	$0
ELAINE O'COYNE	Director	1.00	Director	$0	$0	$0
LYNN ARMSTRONG	Director	1.00	Director	$0	$0	$0
HEATHER SOSSONG	Director	1.00	Director	$0	$0	$0
JAMES TODD LESTER	Director	1.00	Director	$0	$0	$0
GINA PARRA	Vice President	1.00	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
2024	No data	No data	No data	No data
2023	$3,983,512	$3,192,422	$3,575,996	$791,090
2022	$2,926,136	$2,970,739	$2,944,669	$-44,603
2021	$2,807,990	$2,695,364	$2,927,388	$112,626
2020	$2,993,830	$2,552,482	$2,841,756	$441,348
2019	$2,677,232	$2,722,642	$2,559,436	$-45,410
2018	$2,613,189	$2,662,844	$2,619,275	$-49,655

PROMISING FUTURES INC