Promethean Genesis

Promethean Genesis consistently spends significantly more than its revenue, raising sustainability concerns.

EIN: 201844647 · Enterprise, OR · NTEE: T22 · Updated: 2026-03-28

$187KRevenue

$9.0MAssets

35/100Mission Score (Poor)

T22

About Promethean Genesis

Promethean Genesis (EIN: 201844647) is a nonprofit organization based in Enterprise, OR, classified under NTEE code T22. The organization reported total revenue of $187K and total assets of $9.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Promethean Genesis's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Promethean Genesis exhibits a concerning financial trend, consistently spending significantly more than it generates in revenue. For instance, in 2023, the organization reported $26,210 in revenue against $435,230 in expenses, indicating a substantial operating deficit. This pattern is consistent across multiple years, with expenses often exceeding revenue by a factor of ten or more, raising questions about the sustainability of its operations and how these deficits are being covered, especially given the relatively stable asset base. While the organization reports zero officer compensation, which can be a positive sign for donor confidence, the large and persistent gap between revenue and expenses is a major red flag for financial health.

The organization's assets have remained substantial, around $8-9 million in recent years, despite the consistent operating losses. This suggests that the organization may be drawing down on its principal or relying on other non-revenue sources to cover its operational costs. Without a detailed breakdown of expenses, it's difficult to assess spending efficiency, but the sheer scale of the deficit relative to revenue is problematic. The lack of reported liabilities in most years is a positive, but it doesn't mitigate the underlying issue of unsustainable spending relative to income. Further transparency on the source of funds covering these deficits would be crucial for a complete financial assessment.

Given the available data, Promethean Genesis's financial health appears precarious due to its consistent and significant operating deficits. While the absence of officer compensation is a positive, the organization's ability to sustain its operations long-term without a substantial increase in revenue or a significant reduction in expenses is questionable. Donors would need more information to understand how the organization is funding its activities and whether its asset base is being eroded to cover operational shortfalls.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Promethean Genesis with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 30%
programs: 60%
fundraising: 10%

According to IRS 990 filings, Promethean Genesis allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Promethean Genesis consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through non-officer roles, which is a positive for minimizing overhead.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Promethean Genesis's IRS 990 filings:

Consistent and significant operating deficits (expenses far exceed revenue annually).
Unsustainable financial model based on reported revenue and expenses.
Lack of detailed expense breakdown to assess program efficiency.
Declining asset base over time, potentially due to funding operational deficits.

Strengths

The following positive indicators were identified for Promethean Genesis:

Zero reported officer compensation, indicating low executive overhead.
Relatively low liabilities reported in most years.
Substantial asset base, providing some financial cushion despite operating losses.

Frequently Asked Questions about Promethean Genesis

How does Promethean Genesis cover its substantial annual operating deficits?

The filings consistently show expenses far exceeding revenue (e.g., $435,230 expenses vs. $26,210 revenue in 2023). It's unclear from the provided data how these deficits are funded, potentially through drawing down assets or other undisclosed funding sources.

What is the specific breakdown of Promethean Genesis's expenses?

The provided data only gives total expenses. Without a detailed breakdown (e.g., program services, management and general, fundraising), it's difficult to assess spending efficiency and program focus.

Is the organization's asset base being used to fund ongoing operations?

Given the consistent operating deficits and relatively stable, yet slightly declining, asset base (e.g., from $9.8M in 2011 to $7.8M in 2023), it's possible that assets are being liquidated or drawn upon to cover operational shortfalls.

What is the long-term financial strategy for Promethean Genesis?

The current financial trend of high expenses relative to low revenue is unsustainable. A clear strategy for increasing revenue or significantly reducing expenses would be necessary for long-term viability.

Filing History

IRS 990 filing history for Promethean Genesis showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Promethean Genesis's revenue has declined by 6.7%, moving from $28K to $26K. Total assets decreased by 20.9% over the same period, from $9.9M to $7.8M. Total functional expenses fell by 92.1%, from $5.5M to $435K. In its most recent filing year (2023), Promethean Genesis reported a deficit of $409K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$26K	$435K	$7.8M	$1	—	—
2022	$22K	$411K	$8.9M	$1	—	View 990
2021	$65K	$400K	$8.9M	$1	—	—
2020	$52K	$430K	$8.9M	$1	—	View 990
2019	$9K	$431K	$8.4M	$0	—	View 990
2015	$12K	$15K	$8.2M	$0	—	View 990
2014	$18K	$21K	$8.5M	$0	—	View 990
2013	$13K	$17K	$8.7M	$0	—	View 990
2012	$15K	$49K	$9.8M	$0	—	View 990
2011	$28K	$5.5M	$9.9M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $26K, expenses of $435K, and assets of $7.8M (revenue +17.3% year-over-year).
2022: Revenue of $22K, expenses of $411K, and assets of $8.9M (revenue -65.7% year-over-year).
2021: Revenue of $65K, expenses of $400K, and assets of $8.9M (revenue +25.0% year-over-year).
2020: Revenue of $52K, expenses of $430K, and assets of $8.9M (revenue +481.7% year-over-year).
2019: Revenue of $9K, expenses of $431K, and assets of $8.4M (revenue -22.0% year-over-year).
2015: Revenue of $12K, expenses of $15K, and assets of $8.2M (revenue -36.1% year-over-year).
2014: Revenue of $18K, expenses of $21K, and assets of $8.5M (revenue +41.3% year-over-year).
2013: Revenue of $13K, expenses of $17K, and assets of $8.7M (revenue -14.8% year-over-year).
2012: Revenue of $15K, expenses of $49K, and assets of $9.8M (revenue -46.7% year-over-year).
2011: Revenue of $28K, expenses of $5.5M, and assets of $9.9M.

Data Sources and Methodology

This transparency report for Promethean Genesis is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.