Proverbs 226

EIN: 454417763 501(c)(3) Education

Concord, NC

Total Revenue
$40,468,521
Total Expenses
$632,311
Total Assets
$39,889,964
Net Assets
$39,889,964
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NC
Principal Officer
Cyril Prabhu
Phone
6316713316
Tax Period
2024-01-01 to 2024-12-31

Proverbs 226, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $40.5M in total revenue in fiscal year 2024. Revenue surged 14745% from the prior year, signaling strong growth momentum. The organization ran a surplus of $39.8M, a strong 98% operating margin.

Mission

Proverbs226 is an evidence-based non-profit committed to healing families affected by parental incarceration. We are breaking the cycle of generational incarceration and awakening the potential within each child by empowering them to pursue a sustainable career.

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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 (2024)

Revenue Breakdown

Contributions & Grants $40,468,521
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $40,468,521

Expense Breakdown

Grants Paid $434,744
Salaries & Benefits $5,940
Fundraising Expenses $2,852
Program Expenses $573,873
Other Expenses $191,627
TOTAL EXPENSES $632,311

Year-over-Year Comparison

2024 2023 Change
Revenue $40,468,521 $272,607 +147.5%
Expenses $632,311 $231,027 +1.7%
Net Income $39,836,210 $41,580 +957.1%
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
200

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cyril Prabhu President 40.00
Officer Director
$0 $0 $0
Daniel Michiels Secretary/Treasurer 2.00
Officer Director
$0 $0 $0
Jim Nash Director of Corporate Relations 2.00
Director
$0 $0 $0
David Anthony Director of Technology and Infrastructure 2.00
Director
$0 $0 $0
Josiah Goins Director of Fundraising 2.00
Director
$0 $0 $0
Phyllis Finch Director of College Onboarding and Scholarships 2.00
Director
$0 $0 $0
Vasanth Chandran Director of Prison Initiatives 2.00
$0 $0 $0
Sarah Jackson Director of Family Affairs 2.00
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
2024 $40,468,521 $632,311 $39,889,964 $39,836,210
2023 $272,607 $231,027 $53,754 $41,580
2022 $223,980 $236,707 $60,292 $-12,727
2021 $215,486 $195,007 $25,935 $20,479
2020 $209,226 $214,706 $11,708 $-5,480
2019 $214,198 $208,376 $20,855 $5,822
2018 $354,188 $366,895 $20,482 $-12,707
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