Provident
Legal name: Provident Resources Group Inc
Nonprofit profile at a glance
- EIN
- 582492101
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Baton Rouge, LA, United States
- Phone
- 2257663977
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Nursing, Convalescent Facilities
Reported finances
- Revenue
- $356,142,236
- Expenses
- $399,269,115
- Assets
- $4,079,893,848
- Liabilities
- $4,561,544,749
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- CHRISTOPHER HICKS (PRESIDENT)
- STEVE HICKS (CHAIRMAN AND CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- STEVE HICKS (CHAIRMAN AND CHIEF EXECUTIVE OFFICER): $1,111,471 total reported compensation
- CHRISTOPHER HICKS (PRESIDENT): $909,782 total reported compensation
- DONOVAN O HICKS (CHIEF LEGAL OFFICER): $644,684 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to tackle real-world challenges together with our partners, co-creating thoughtful and sustainable solutions that truly make a difference in people's lives. We accelerate the delivery of educational infrastructure that supports students, faculty, and research. We believe that access to quality spaces should never be what holds learning back. Discover our MissionDiscover our Mission Discover our Mission. community member We support communities and providers by facilitating efficient, patient-centered care through thoughtfully funded healthcare infrastructure—quickly, safely, and with empathy. Discover our MissionDiscover our Mission.
What it reported doing in 2024
The education resources division promotes and advances education through the development, construction, operation, financing and management of facilities of various types, including student housing, health and wellness, as well as academic and administrative space for the benefit of colleges and universities throughout the country. The organization owned and operated residential facilities providing more than 19,800 beds of safe, convenient and affordable student housing for students, faculty and staff of the institutions we serve.
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
- Direct operator. The filing allocates 100% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 90
- Accountability: 78
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 97.6%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 71.4%; rating input score 71; 22nd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -12.1%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 10.22; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 1.12; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 1.5%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: 13.4% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: 13.8% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 14.1% per year; rating input score 100; 84th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site
- Where the money goes: 100% of revenue deployed · 97.6% of spending went to programs
- Governance: 5 of 7 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $389.5M in reported program spending
- Leadership: top reported pay $1.1M · 18 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $6.1M reported
- Consistency: 34 of 34 current checks pass
- Schedules: 8 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 18 filed money-flow records
- Related organizations: 41 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 7/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 4/100.