Prama
Legal name: Prama Institute
Nonprofit profile at a glance
- EIN
- 223950888
- IRS 990 coverage
- 2017–2024
- Official website data refreshed
- Jul 2026
- Forms available
- Form 990 2024
- Location
- Marshall, NC, United States
- Phone
- Prama Institute: 1-828-649-9408; Prama Wellness Center: 1-828-649-9911
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Health Support Services
Reported finances
- Revenue
- $351,574
- Expenses
- $347,794
- Assets
- $323,336
- Liabilities
- $106,609
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- SID JORDAN (PRESIDENT)
Highest reported compensation
- ROAR BJONNES (TREASURER): $49,281 total reported compensation
- HOWARD NEMON (SECRETARY): $46,167 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Prama Institute and Wellness Center is a non-profit, educational, service organization. Our mission is to create opportunities for people to improve their health, nurture their minds, and elevate their spirits. The Prama Wellness Center provides wellness retreats that have improved people’s health and vitality. MORE INFO. Register now To help develop and maintain a regular meditation practice, the Prama staff is inviting you to our Online Wednesday Meditation! Meditation offers innumerable benefits, including lower blood pressure, mental clarity, stress reduction, lower anxiety, and better relationships. Weekly group meditations help to strengthen our individual meditation practice. The session will last about 30 minutes, including a guided meditation and a short talk on aspects of meditation theory and practice.
What it reported doing in 2024
Prama Wellness Center - The Wellness Center operates retreats that educate people about healthy diet and lidestyle. It provided participants with individualized recommendations for personal diet and lifestyle. It provided participants with individualized recommendations for personal diets, exercises and other changes to their lives so that they can improve their mental and physical health in a natural way. The Wellness Center offered one day educational programs for wellness as well as provided on-going health coaching to those interested in this sport.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 82
- Accountability: 55
- Sustainability: 35
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.9%; rating input score 99
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 18th percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 1.1%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 0.93; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 27.4%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 6.7% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 5.4% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: -1.9% per year; rating input score 0; 18th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 98.9% of revenue deployed · 100% of spending went to programs
- Governance: 4 of 6 board members independent · 3 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $348K in reported program spending
- Leadership: top reported pay $49K · 6 people listed
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 42/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- High — Sustainability: Officer compensation ratio scored 13/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.