Pearl Transit (EIN 202022387) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

Chris Wise

Phone

8889769944

Tax Period

2023-01-01 to 2023-12-31

Pearl Transit, founded in 2005, is a community nonprofit in the Employment sector that reported $6.4M in total revenue in fiscal year 2023. The organization ran a surplus of $3.2M, a strong 50% operating margin.

Mission

Pearl Transit Corp. works to end homelessness and help all people to achieve self-sufficiency by providing street outreach for unsheltered homeless persons and fare free community transportation for low income people people with disabilities and people at risk of or experiencing homelessness. Pearl Transit also focuses on ending hunger for low income families by providing free non-perishable food delivery.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,474,616

Program Service Revenue $0

Investment Income $961,320

Other Revenue $0

TOTAL REVENUE $6,435,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $147,717

Program Expenses $2,536,417

Other Expenses $3,221,944

TOTAL EXPENSES $3,221,944

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,435,936	$6,340,468	+0.0%
Expenses	$3,221,944	$2,877,922	+0.1%
Net Income	$3,213,992	$3,462,546	-0.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

124

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alicia Woodson	Treasurer	1.00	Officer Director	$0	$0	$0
Tyron Morris	Director	1.00	Director	$0	$0	$0
Nicholas Glatz	Director	1.00	Director	$0	$0	$0
Lester Payton	Chairman	1.00	Officer Director	$0	$0	$0
Robert Pacheco	Director	1.00	Officer	$0	$0	$0
Sally Washington	Vice Chairman	1.00	Officer Director	$0	$0	$0
Rose Smith	Director	1.00	Officer Director	$0	$0	$0
Darrell Singleton	Director	1.00	Officer Director	$0	$0	$0
David Venable	Director	1.00	Officer Director	$0	$0	$0
Suzann Girmny	Director	1.00	Officer Director	$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
2023	$6,435,936	$3,221,944	$17,828,815	$3,213,992
2022	$6,340,468	$2,877,922	$14,555,741	$3,462,546
2021	$5,031,730	$2,176,332	$11,383,163	$2,855,398
2020	$4,216,791	$1,833,244	$8,541,968	$2,383,547

Pearl Transit