FOUNDATION FOR ECONOMIC PROSPERITY INC

EIN: 465333489 Public & Societal Benefit

OKLAHOMA CITY, OK

Total Revenue
$1,041,020
Total Expenses
$1,045,401
Total Assets
$2,248
Net Assets
$2,248
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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
2014
Legal Domicile
OK
Phone
4056013775
Tax Period
2018-01-01 to 2018-12-31

FOUNDATION FOR ECONOMIC PROSPERITY INC, founded in 2014, is a community nonprofit in the Public & Societal Benefit sector that reported $1.0M in total revenue in fiscal year 2018.

Mission

FOUNDATION FOR ECONOMIC PROSPERITY INC WAS FORMED FOR THE PURPOSE OF EDUCATING THE PUBLIC ON AND ADVOCATING FOR FREE MARKET POLICIES THAT WILL PROMOTE JOB CREATION AND INDIVIDUAL LIBERTY AND CONSERVATIVE SOLUTIONS TO POLICY PROBLEMS FACING SOCIETY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $1,041,000
Program Service Revenue $0
Investment Income $20
Other Revenue $0
TOTAL REVENUE $1,041,020

Expense Breakdown

Grants Paid $37,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $862,036
Other Expenses $1,007,901
TOTAL EXPENSES $1,045,401

Year-over-Year Comparison

2018 2017 Change
Revenue $1,041,020 N/A N/A
Expenses $1,045,401 N/A N/A
Net Income $-4,381 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
3
Independent Members
1
Employees
N/A
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN RICHARDSON DIRECTOR & PRES 5.00
Officer Director
$0 $0 $0
JERI RICHARDSON DIRECTOR/TREAS 1.00
Officer Director
$0 $0 $0
JOEL RITER DIRECTOR & SECY 30.00
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
2018 $1,041,020 $1,045,401 $2,248 $-4,381
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