PHILADELPHUS PRESBYTERIAN FOUNDATION INC

EIN: 561649563 501(c)(3)

RED SPRINGS, NC

Total Revenue
$31,797
Total Expenses
$50,205
Total Assets
$802,365
Net Assets
$802,365
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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
1989
Legal Domicile
NC
Principal Officer
JASON MCILWAIN
Phone
9108180005
Tax Period
2025-01-01 to 2025-12-31

PHILADELPHUS PRESBYTERIAN FOUNDATION INC, founded in 1989, is a micro nonprofit that reported $32K in total revenue in fiscal year 2025. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $50K exceeded revenue, resulting in a 58% operating deficit.

Mission

MAINTAIN UPKEEP OF HISTORIC CHURCH BUILDINGS, GROUNDS, AND CEMETERY

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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 (2025)

Revenue Breakdown

Contributions & Grants $6,316
Program Service Revenue $0
Investment Income $19,981
Other Revenue $5,500
TOTAL REVENUE $31,797

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $49,732
Other Expenses $50,205
TOTAL EXPENSES $50,205

Year-over-Year Comparison

2025 2024 Change
Revenue $31,797 $95,070 -0.7%
Expenses $50,205 $46,247 +0.1%
Net Income $-18,408 $48,823 -1.4%
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
6
Independent Members
6
Employees
N/A
Volunteers
4

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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID PARNELL PRESIDENT 1.00
Director
$0 $0 $0
JOHN BUIE 1ST VICE-PRESIDENT 1.00
Director
$0 $0 $0
HUGH MCILWAIN TREASURER 1.00
Director
$0 $0 $0
TODD WEAVER SECRETARY 1.00
Director
$0 $0 $0
KETIH CURRIE 2ND VICE-PRESIDENT 1.00
Director
$0 $0 $0
STEVE DAVIS AT LARGE MEMBER 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
2025 $31,797 $50,205 $802,365 $-18,408
2024 $95,070 $46,247 $820,773 $48,823
2023 $22,203 $12,832 $771,950 $9,371
2022 $168,383 $7,480 $762,579 $160,903
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