Petra Foundation Inc

Nonprofit profile at a glance

EIN
262881707
IRS 990-EZ coverage
2011–2024
Forms available
Form 990-EZ 2024
Location
Covington, GA, USA
Phone
7707840982
Rating confidence
Limited
Sector
Human Service Organizations
Affiliation
Christianity

Reported finances

Revenue
$72,889
Expenses
$87,921
Assets
$16,648

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • MICHEL FRANKLIN (DIRECTOR)
  • JOE FRANKLIN (ASSISTANT DIRECTOR)
  • CHERYL CHEEK (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our Mission is to show the love of Christ by helping meet the needs of people in our community and fulfilling The Great Commission of our Lord and Savior Jesus Christ.

What it reported doing in 2024

One of the main purposes of petra foundation, inc. Is to show the homeless and drug or alcohol addicted men the love of jesus through food, shelter and hope for the future. We continue to partner with damascus road, a two-year drug and alcohol rehabilitation program. The cost is $1,800.00 per person for the first six weeks to get started in their rehabilitation. In addition, we are now helping our senior citizens over the age of 55 who are in desperate need of food and/or medical attention. We have also added free home repairs to those who qualify. We have been in the process of building a multi-use facility to benefit these people in need. Also, we have taken on the care and maintenance of the property we are located on.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Sustainability: 22
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -20.6%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 0.19; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -0.3% per year; rating input score 0; 47th percentile among comparable filings
  • Revenue growth: 2.6% per year; rating input score 100; 62nd percentile among comparable filings
  • Asset growth: 2.5% per year; rating input score 100; 49th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 12 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 23/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.