SEVENTH GENERATION INITIATIVE

EIN: 200863253 501(c)(3)

JACKSONVILLE, FL

Total Revenue
$689,163
Total Expenses
$829,162
Total Assets
$398,981
Net Assets
$-450,464
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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
2008
Principal Officer
MICHAEL SOUD
Tax Period
2021-01-01 to 2021-12-31

SEVENTH GENERATION INITIATIVE, founded in 2008, is a small nonprofit that reported $689K in total revenue in fiscal year 2021. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $829K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO IMPART KNOWLEDGE, VALUES, AND BEHAVIORS CONSISTENT WITH THE CHRISTIAN FAITH THROUGH EVANGELISM AND EDUCATION BY ESTABLISHING NEW CHURCHES, PRESCHOOLS, AND FAMILY DEVELOPMENT CENTERS TO SERVE CHILDREN AND FAMILIES IN MULITPLE COMMUNITIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $75,015
Program Service Revenue $614,141
Investment Income $7
Other Revenue $0
TOTAL REVENUE $689,163

Expense Breakdown

Grants Paid $0
Salaries & Benefits $363,441
Fundraising Expenses $0
Program Expenses $652,040
Other Expenses $465,721
TOTAL EXPENSES $829,162

Year-over-Year Comparison

2021 2020 Change
Revenue $689,163 $441,652 +0.6%
Expenses $829,162 $615,842 +0.3%
Net Income $-139,999 $-174,190 -0.2%
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
2
Independent Members
2
Employees
15
Volunteers
N/A

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WALT BONEY BOARD MEMBER N/A
Officer
$0 $0 $0
MICHAEL SOUD CHIEF EXEC. N/A
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
2021 $689,163 $829,162 $398,981 $-139,999
2019 $610,257 $616,389 $107,245 $-6,132
2018 $498,205 $565,785 $101,561 $-67,580
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