Seven Pearls Foundation Inc (EIN 202063625) - 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

2004

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Seven Pearls Foundation Inc, founded in 2004, is a small nonprofit in the Human Services sector that reported $134K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $240K exceeded revenue, resulting in a 79% operating deficit.

Mission

The Seven Pearls Foundation, Inc., provides support of Sigma Gamma Rho Sororitys programs by providing services that address the needs of the community and developing partnerships that address those critical issues impacting the citizenry.

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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 $1,877

Program Service Revenue $23,831

Investment Income $5

Other Revenue $108,014

TOTAL REVENUE $133,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $74,287

Other Expenses $239,905

TOTAL EXPENSES $239,905

Year-over-Year Comparison

	2023	2022	Change
Revenue	$133,727	$459,088	-0.7%
Expenses	$239,905	$175,465	+0.4%
Net Income	$-106,178	$283,623	-1.4%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lillie Reed	Director	10.00	Director	$0	$0	$0
Mynora Bryant	President Emerita	20.00	Director	$0	$0	$0
Sheila M Parson	Secretary	20.00	Director	$0	$0	$0
Arlene B Wallace	Director	10.00	Director	$0	$0	$0
Mary A Randle	Vice President	20.00	Director	$0	$0	$0
Linette Caroselli	PresidentCEO	30.00	Director	$0	$0	$0
Deborah Walsh	Sergeant at Arms	20.00	Director	$0	$0	$0
Jodi Jacobs	Director	10.00	Director	$0	$0	$0
Virginia Price-Booker	Treasurer	20.00	Director	$0	$0	$0
Winetta Ellis	Director	10.00	Director	$0	$0	$0
Felicia Blakeney	Director	10.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$133,727	$239,905	$2,447,202	$-106,178
2022	$459,088	$175,465	$2,446,539	$283,623
2021	$513,036	$141,918	$2,312,967	$371,118
2020	$168,412	$145,133	$2,115,925	$23,279

Seven Pearls Foundation Inc