Promise Healthcare Nfp
Promise Healthcare Nfp shows strong program spending and no reported officer compensation, but experienced a $1.2 million deficit in 2023.
EIN: 141880824 · Champaign, IL · NTEE: E70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.0M |
| Total Expenses | $13.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $4.2M |
| Transparency Score | 90/100 |
Is Promise Healthcare Nfp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Promise Healthcare Nfp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Promise Healthcare Nfp
Promise Healthcare Nfp (EIN: 141880824) is a nonprofit organization based in Champaign, IL, classified under NTEE code E70. The organization reported total revenue of $13.0M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Promise Healthcare Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Promise Healthcare Nfp is a large nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 31.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.0M |
| Total Expenses | $13.2M |
| Surplus / Deficit | $-1,217,540 |
| Total Assets | $5.9M |
| Total Liabilities | $1.7M |
| Net Assets | $4.2M |
| Operating Margin | -10.2% |
| Debt-to-Asset Ratio | 29.1% |
| Months of Reserves | 5.4 months |
Financial Health Grade: B
In 2023, Promise Healthcare Nfp reported a deficit of $1.2M with expenses exceeding revenue, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 29.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Promise Healthcare Nfp's revenue has grown at a compound annual growth rate (CAGR) of 31.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.8% | +24.8% | -13.1% |
| 2022 | -12.8% | -0.2% | +24.1% |
| 2021 | +54.9% | +45.2% | +90.1% |
| 2020 | +45.9% | +23.5% | +57.5% |
| 2019 | +8.7% | +3.0% | +15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Promise Healthcare Nfp with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Promise Healthcare Nfp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.1%.
Executive Compensation Analysis
Promise Healthcare Nfp consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size with over $11 million in annual revenue. This suggests either a volunteer leadership structure or that compensation is reported under different categories, warranting further investigation for complete clarity.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Promise Healthcare Nfp's IRS 990 filings:
- Expenses exceeded revenue by over $1.2 million in the 2023 fiscal period, indicating a significant operational deficit.
- A notable decrease in total assets from $6,820,175 in 2022 to $5,929,564 in 2023, alongside an increase in liabilities, suggests a potential weakening of the balance sheet.
- Consistent reporting of 0% officer compensation for an organization with over $11 million in revenue is highly unusual and may warrant further scrutiny to understand the full compensation structure.
Strengths
The following positive indicators were identified for Promise Healthcare Nfp:
- Strong program spending, with an estimated 85% of expenses directed towards program services.
- Consistent revenue growth over the past decade, from $4.3 million in 2014 to over $11 million in recent years.
- Long history of IRS 990 filings (13 filings), demonstrating a commitment to transparency and regulatory compliance.
- Maintained a positive net asset position throughout its history, indicating financial stability despite recent fluctuations.
- No reported officer compensation, suggesting a strong commitment to directing funds towards its mission.
Frequently Asked Questions about Promise Healthcare Nfp
Is Promise Healthcare Nfp a legitimate charity?
Promise Healthcare Nfp (EIN: 141880824) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $13.0M. 3 red flags identified. 5 strengths noted. Financial health grade: B.
How does Promise Healthcare Nfp spend its money?
Promise Healthcare Nfp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Promise Healthcare Nfp tax-deductible?
Promise Healthcare Nfp is registered as a tax-exempt nonprofit (EIN: 141880824). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Promise Healthcare Nfp CEO make?
Promise Healthcare Nfp's highest-compensated officer earns $11 annually. The organization reported $13.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Promise Healthcare Nfp's spending goes to programs?
Promise Healthcare Nfp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Promise Healthcare Nfp compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Promise Healthcare Nfp is above average for NTEE category E70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Promise Healthcare Nfp located?
Promise Healthcare Nfp is headquartered in Champaign, Illinois and files with the IRS under EIN 141880824. It is classified under NTEE code E70.
How many years of IRS 990 filings does Promise Healthcare Nfp have?
Promise Healthcare Nfp has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $13.0M in total revenue.
Why did Promise Healthcare Nfp's expenses exceed its revenue by over $1.2 million in 2023?
In the 2023 fiscal period, Promise Healthcare Nfp reported revenues of $11,950,291 against expenses of $13,167,831, resulting in a deficit. This could be due to increased program costs, one-time investments, or a temporary dip in funding, and would require reviewing the detailed expense breakdown in the full 990 filing for specifics.
How does Promise Healthcare Nfp manage to operate without reporting any officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that Promise Healthcare Nfp may operate with a volunteer board and executive leadership, or that executive compensation is categorized differently within the 990, such as under general salaries, rather than specifically as officer compensation. This practice is highly unusual for an organization of its scale.
What caused the decrease in assets from $6.8 million in 2022 to $5.9 million in 2023?
The decrease in assets could be attributed to several factors, including the deficit incurred in 2023, significant capital expenditures, or a reclassification of assets. Concurrently, liabilities increased from $1,060,446 to $1,726,589, which could also impact net asset calculations.
Filing History
IRS 990 filing history for Promise Healthcare Nfp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Promise Healthcare Nfp's revenue has grown by 2526.5%, moving from $455K to $12.0M. Total assets increased by 2047% over the same period, from $276K to $5.9M. Total functional expenses rose by 2867.2%, from $444K to $13.2M. In its most recent filing year (2023), Promise Healthcare Nfp reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $5.9M in assets (debt-to-asset ratio: 29.1%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.0M | $13.2M | $5.9M | $1.7M | — | — |
| 2022 | $11.5M | $10.6M | $6.8M | $1.1M | — | View 990 |
| 2021 | $13.2M | $10.6M | $5.5M | $699K | — | View 990 |
| 2020 | $8.5M | $7.3M | $2.9M | $734K | — | View 990 |
| 2019 | $5.8M | $5.9M | $1.8M | $928K | — | — |
| 2018 | $5.4M | $5.7M | $1.6M | $638K | — | View 990 |
| 2017 | $5.8M | $5.7M | $1.8M | $528K | — | View 990 |
| 2016 | $5.6M | $5.5M | $1.7M | $458K | — | View 990 |
| 2015 | $4.8M | $4.5M | $1.5M | $386K | — | View 990 |
| 2014 | $4.4M | $4.3M | $1.2M | $367K | — | View 990 |
| 2013 | $3.5M | $3.8M | $989K | $223K | — | View 990 |
| 2012 | $1.9M | $1.1M | $1.2M | $179K | — | View 990 |
| 2011 | $455K | $444K | $276K | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.0M, expenses of $13.2M, and assets of $5.9M (revenue +3.8% year-over-year).
- 2022: Revenue of $11.5M, expenses of $10.6M, and assets of $6.8M (revenue -12.8% year-over-year).
- 2021: Revenue of $13.2M, expenses of $10.6M, and assets of $5.5M (revenue +54.9% year-over-year).
- 2020: Revenue of $8.5M, expenses of $7.3M, and assets of $2.9M (revenue +45.9% year-over-year).
- 2019: Revenue of $5.8M, expenses of $5.9M, and assets of $1.8M (revenue +8.7% year-over-year).
- 2018: Revenue of $5.4M, expenses of $5.7M, and assets of $1.6M (revenue -7.1% year-over-year).
- 2017: Revenue of $5.8M, expenses of $5.7M, and assets of $1.8M (revenue +4.2% year-over-year).
- 2016: Revenue of $5.6M, expenses of $5.5M, and assets of $1.7M (revenue +16.9% year-over-year).
- 2015: Revenue of $4.8M, expenses of $4.5M, and assets of $1.5M (revenue +8.3% year-over-year).
- 2014: Revenue of $4.4M, expenses of $4.3M, and assets of $1.2M (revenue +25.8% year-over-year).
- 2013: Revenue of $3.5M, expenses of $3.8M, and assets of $989K (revenue +87.6% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.1M, and assets of $1.2M (revenue +308.8% year-over-year).
- 2011: Revenue of $455K, expenses of $444K, and assets of $276K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Promise Healthcare Nfp:
Data Sources and Methodology
This transparency report for Promise Healthcare Nfp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.