PRIDGEN FOUNDATION

EIN: 752953304 501(c)(3) Education

GRAPELAND, TX

Total Revenue
$360,532
Total Expenses
$61,515
Total Assets
$368,807
Net Assets
$368,807
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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
2001
Legal Domicile
TX
Principal Officer
HARRY WAYNE PRIDGEN
Phone
9366873425
Tax Period
2019-01-01 to 2019-12-31

PRIDGEN FOUNDATION, founded in 2001, is a small nonprofit in the Education sector that reported $361K in total revenue in fiscal year 2019. Revenue surged 1343% from the prior year, signaling strong growth momentum. The organization ran a surplus of $299K, a strong 83% operating margin.

Mission

OPERATE A PUBLIC LIBRARY

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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 (2019)

Revenue Breakdown

Contributions & Grants $23,875
Program Service Revenue $0
Investment Income $336,657
Other Revenue $0
TOTAL REVENUE $360,532

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,196
Fundraising Expenses $300
Program Expenses $1,969
Other Expenses $50,319
TOTAL EXPENSES $61,515

Year-over-Year Comparison

2019 2018 Change
Revenue $360,532 $24,981 +13.4%
Expenses $61,515 $46,896 +0.3%
Net Income $299,017 $-21,915 -14.6%
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
1
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
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHLEY N CORNS EMPLOYEE 020.00
Highest
$10,400 $0 $10,400
HARRY WAYNE PRIDGEN CHAIRMAN 010.00
Officer Director
$0 $0 $0
BOB PRIDGEN VICE-CHAIRMAN 010.00
Officer Director
$0 $0 $0
KAREN CURRIE SECRETARY 001.00
Officer Director
$0 $0 $0
AMY CUTSHAW DIRECTOR 001.00
Director
$0 $0 $0
ANNETTE PARHAM DIRECTOR 001.00
Director
$0 $0 $0
TERRY HOLLISTER DIRECTOR 001.00
Director
$0 $0 $0
BOB JONES DIRECTOR 001.00
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
2019 $360,532 $61,515 $368,807 $299,017
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