P MICHAEL BOONE FOUNDATION INC

EIN: 812560426 501(c)(3) Human Services

Philadelphia, PA

Total Revenue
$262,522
Total Expenses
$228,988
Total Assets
$237,236
Net Assets
$231,166
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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
2016
Legal Domicile
PA
Phone
2156883711
Tax Period
2025-01-01 to 2025-12-31

P MICHAEL BOONE FOUNDATION INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $263K in total revenue in fiscal year 2025. Revenue decreased 16% compared to the prior year. Expenses of $229K left a modest 13% surplus.

Mission

MENTORING AND TRAINING COMMUNITY YOUTH FOR POTENTIAL CAREERS AS BARBERS TO PROVIDE FOR ECONOMIC STABILITY IN THEIR LIVES AND NEIGHBORHOODS.

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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 $103,522
Program Service Revenue $155,000
Investment Income $0
Other Revenue $4,000
TOTAL REVENUE $262,522

Expense Breakdown

Grants Paid $747
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $228,988
Other Expenses $228,241
TOTAL EXPENSES $228,988

Year-over-Year Comparison

2025 2024 Change
Revenue $262,522 $313,011 -0.2%
Expenses $228,988 $137,101 +0.7%
Net Income $33,534 $175,910 -0.8%
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
3
Employees
N/A
Volunteers
5

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PRENTICE BOONE PRESIDENT 30.00
Officer
$0 $0 $0
LANEZ PERRY-BOONE VICE PRESIDENT 10.00
Officer
$0 $0 $0
LEONARD NESMITH SECRETARY 10.00
Officer
$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 $262,522 $228,988 $237,236 $33,534
2024 $313,011 $137,101 $200,464 $175,910
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