LION'S PRIDE FOUNDATION INC

EIN: 561895601 501(c)(3) Human Services

SALISBURY, NC

Total Revenue
$996,809
Total Expenses
$999,092
Total Assets
$2,422,798
Net Assets
$2,422,798
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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
1994
Legal Domicile
NC
Principal Officer
CRAIG COGHILL
Phone
7046338250
Tax Period
2024-01-01 to 2024-12-31

LION'S PRIDE FOUNDATION INC, founded in 1994, is a small nonprofit in the Human Services sector that reported $997K in total revenue in fiscal year 2024. Revenue surged 119% from the prior year, signaling strong growth momentum. Net assets of $2.4M represent 29 months of operating reserves.

Mission

THE LION'S PRIDE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND HUMANITARIAN PURPOSES BY ADMINISTERING FINANCIAL ASSISTANCE TO OUR ASSOCIATES, THEIR FAMILIES AND OTHER MEMBERS OF OUR COMMUNITY IN TIMES OF HARDSHIP.

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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 $628,657
Program Service Revenue $0
Investment Income $49,257
Other Revenue $318,895
TOTAL REVENUE $996,809

Expense Breakdown

Grants Paid $896,294
Salaries & Benefits $0
Fundraising Expenses $64,833
Program Expenses $896,294
Other Expenses $102,798
TOTAL EXPENSES $999,092

Year-over-Year Comparison

2024 2023 Change
Revenue $996,809 $454,350 +1.2%
Expenses $999,092 $289,947 +2.4%
Net Income $-2,283 $164,403 -1.0%
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
7
Independent Members
7
Employees
N/A
Volunteers
30

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
5
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADRIAN BAKER 2ND VP 2.00
Officer Director
$0 $0 $0
MAXINE BARNES 1ST VP 2.00
Officer Director
$0 $0 $0
TODD BULLEN DIRECTOR 2.00
Director
$0 $0 $0
CRAIG COGHILL TREASURER 2.00
Officer Director
$0 $0 $0
GREG FINCHUM PRESIDENT 2.00
Officer Director
$0 $0 $0
LESLIE RASIMAS SECRETARY 2.00
Officer Director
$0 $0 $0
GARLAND SCARBORO DIRECTOR 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 $996,809 $999,092 $2,422,798 $-2,283
2023 $454,350 $289,947 $2,419,644 $164,403
2022 $284,517 $248,265 $2,223,967 $36,252
2021 $85,831 $975,530 $2,186,624 $-889,699
2020 $2,319,182 $131,241 $3,076,323 $2,187,941
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