Prospect Foundation Inc

EIN: 205278991 501(c)(3) Arts, Culture & Humanities

Louisville, KY

Total Revenue
$219,329
Total Expenses
$60,291
Total Assets
$161,558
Net Assets
$161,558
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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
2006
Legal Domicile
KY
Principal Officer
ISMAIL MADZHITOV
Phone
5023035769
Tax Period
2021-01-01 to 2021-12-31

Prospect Foundation Inc, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $219K in total revenue in fiscal year 2021. The organization ran a surplus of $159K, a strong 73% operating margin.

Mission

Educational and religious activities in its own facility.

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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 (2021)

Revenue Breakdown

Contributions & Grants $194,431
Program Service Revenue $0
Investment Income $0
Other Revenue $24,898
TOTAL REVENUE $219,329

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,400
Fundraising Expenses $0
Program Expenses $53,643
Other Expenses $45,891
TOTAL EXPENSES $60,291

Year-over-Year Comparison

2021 2020 Change
Revenue $219,329 N/A N/A
Expenses $60,291 N/A N/A
Net Income $159,038 N/A 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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
50

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ISMAIL MADZHITOV President/Trustee 2.00
Officer Director
$0 $0 $0
BOKHODIR MAMEDOV VP/Trustee 2.00
Officer Director
$0 $0 $0
YUNUS CHALAYEV Secretary/Trustee 2.00
Officer Director
$0 $0 $0
HAMZA SAFAROV Treasurer/Trustee 2.00
Officer Director
$0 $0 $0
CUNEYT TEGIN Trustee 1.00
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
2021 $219,329 $60,291 $161,558 $159,038
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