PATRICK PETERSON FOUNDATION FOR SUCCESS

EIN: 800764100 501(c)(3) Philanthropy & Grantmaking

Charlotte, NC

Total Revenue
$210,764
Total Expenses
$199,727
Total Assets
$246,825
Net Assets
$246,825
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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
2012
Legal Domicile
AZ
Tax Period
2019-01-01 to 2019-12-31

PATRICK PETERSON FOUNDATION FOR SUCCESS, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $211K in total revenue in fiscal year 2019. Revenue decreased 18% compared to the prior year. Expenses of $200K left a modest 5% surplus.

Mission

THE MISSION OF THE PATRICK PETERSON FOUNDATION FOR SUCCESS IS TO PROVIDE LOW-INCOME AND INNER-CITY YOUTH WITH OPPORTUNITIES AND RESOURCES TO REACH THEIR FULL POTENTIAL.

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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 $144,566
Program Service Revenue $0
Investment Income $0
Other Revenue $66,198
TOTAL REVENUE $210,764

Expense Breakdown

Grants Paid $13,000
Salaries & Benefits $0
Fundraising Expenses $44,026
Program Expenses $131,905
Other Expenses $166,497
TOTAL EXPENSES $199,727

Year-over-Year Comparison

2019 2018 Change
Revenue $210,764 $255,517 -0.2%
Expenses $199,727 $218,864 -0.1%
Net Income $11,037 $36,653 -0.7%
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
2
Independent Members
2
Employees
N/A
Volunteers
20

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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK PETERSON PRESIDENTDIRECTOR 2.00
Officer Director
$0 $0 $0
ANTONIQUE PETERSON SECRETARYTREASURERDIRECTOR 3.00
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
2019 $210,764 $199,727 $246,825 $11,037
2018 $255,517 $218,864 $193,197 $36,653
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