Prodigal Son Foundation

EIN: 261085750 501(c)(3) Education

Charlotte, NC

Total Revenue
$207,463
Total Expenses
$228,830
Total Assets
$11,423
Net Assets
$11,423
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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
2008
Legal Domicile
NC
Principal Officer
LEROY WRAY
Phone
7049964447
Tax Period
2021-01-01 to 2021-12-31

Prodigal Son Foundation, founded in 2008, is a small nonprofit in the Education sector that reported $207K in total revenue in fiscal year 2021. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $229K exceeded revenue, resulting in a 10% operating deficit.

Mission

An organization commiteed to strenghting communities and developing productive leaders for the future by providing education

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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 $207,463
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $207,463

Expense Breakdown

Grants Paid $0
Salaries & Benefits $200,672
Fundraising Expenses $0
Program Expenses $225,424
Other Expenses $28,158
TOTAL EXPENSES $228,830

Year-over-Year Comparison

2021 2020 Change
Revenue $207,463 $119,412 +0.7%
Expenses $228,830 $96,936 +1.4%
Net Income $-21,367 $22,476 -2.0%
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
N/A
Independent Members
N/A
Employees
10
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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEROY WRAY President N/A
Officer
$0 $0 $0
SHIRLEY ARINGTON Member N/A
Director
$0 $0 $0
MORRIS MCADOO member N/A
Director
$0 $0 $0
LAMONT LILLY member N/A
Director
$0 $0 $0
HERB SELLERS member N/A
Director
$0 $0 $0
JAMAAL LIVAN member N/A
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 $207,463 $228,830 $11,423 $-21,367
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