JOSEPH & KATRINA HARGROVE FOUNDATION INC

EIN: 824061671 501(c)(3) Philanthropy & Grantmaking

PHILADELPHIA, PA

Total Revenue
$70,300
Total Expenses
$59,735
Total Assets
$13,777
Net Assets
$13,777
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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
2018
Legal Domicile
PA
Tax Period
2022-01-01 to 2022-12-31

JOSEPH & KATRINA HARGROVE FOUNDATION INC, founded in 2018, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $70K in total revenue in fiscal year 2022. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11K, a strong 15% operating margin.

Mission

HOSTING FOREIGN STUDENTS

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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 (2022)

Revenue Breakdown

Contributions & Grants $70,300
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $70,300

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,740
Fundraising Expenses $0
Program Expenses $59,735
Other Expenses $57,995
TOTAL EXPENSES $59,735

Year-over-Year Comparison

2022 2021 Change
Revenue $70,300 $47,382 +0.5%
Expenses $59,735 $44,583 +0.3%
Net Income $10,565 $2,799 +2.8%
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
4
Independent Members
N/A
Employees
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH HARGROVE JR TREASURER 2.00
Officer
$0 $0 $0
JASMINE HARGROVE SECRETARY 2.00
Officer
$0 $0 $0
JOSEPH HARGROVE SR PRESIDENT 10.00
Officer
$0 $0 $0
KATRINA HARGROVE VICE PRESIDENT 0.00
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
2022 $70,300 $59,735 $13,777 $10,565
2021 $47,382 $44,583 $6,424 $2,799
2020 $8,374 $8,182 $826 $192
2019 $20,436 $20,219 $221 $217
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