FACTORS OF THE SEVEN

EIN: 020755332 501(c)(3) Community Improvement

CHARLOTTE, NC

Total Revenue
$3,501
Total Expenses
$9,850
Total Assets
$338,592
Net Assets
$332,243
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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
2009
Legal Domicile
NV
Principal Officer
WADE H FERGUSON III BISHOP
Phone
7049077602
Tax Period
2024-01-01 to 2024-12-31

FACTORS OF THE SEVEN, founded in 2009, is a micro nonprofit in the Community Improvement sector that reported $4K in total revenue in fiscal year 2024. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $10K exceeded revenue, resulting in a 181% operating deficit.

Mission

TO PROVIDE RELIGIOUS OUTREACH

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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 (2024)

Revenue Breakdown

Contributions & Grants $18,501
Program Service Revenue $0
Investment Income $0
Other Revenue $-15,000
TOTAL REVENUE $3,501

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $9,850
Other Expenses $9,850
TOTAL EXPENSES $9,850

Year-over-Year Comparison

2024 2023 Change
Revenue $3,501 $15,003 -0.8%
Expenses $9,850 $9,523 +0.0%
Net Income $-6,349 $5,480 -2.2%
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
6
Independent Members
N/A
Employees
3
Volunteers
17

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
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WADE H FERGUSON III PRESIDENT 0.00
Officer
$0 $0 $0
PERVIS GRAHAM BOARD MEMBER 0.00
Officer
$0 $0 $0
HERBERT POWERS BOARD MEMBER 0.00
Officer
$0 $0 $0
LARRY WHITE BOARD MEMBER 0.00
Officer
$0 $0 $0
NATHAN RORIE BOARD MEMBER 0.00
Officer
$0 $0 $0
YOLANDA FERGUSON 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
2024 $3,501 $9,850 $338,592 $-6,349
2023 $15,003 $9,523 $329,991 $5,480
2022 $357,857 $33,346 $340,332 $324,511
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