VERNON WELLS' PERFECT 10 CHARITY (EIN 264338987) - 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

2009

Legal Domicile

Principal Officer

TANYA VALENTI

Phone

8175868527

Tax Period

2023-01-01 to 2023-09-30

VERNON WELLS' PERFECT 10 CHARITY, founded in 2009, is a small nonprofit that reported $488K in total revenue in fiscal year 2022. Revenue surged 11019% from the prior year, signaling strong growth momentum. The organization ran a surplus of $371K, a strong 76% operating margin.

Mission

THE VERNON WELLS' PERFECT 10 CHARITY IS A CHRISTIAN, FAITH-BASED, 501(C)3 NON-PROFIT ORGANIZATION ESTABLISHED TO SUPPORT EDUCATIONAL INSTITUTES AND SELECT INDIVIDUAL HIGH SCHOOL SENIORS WHO DISTINCTIVELY SERVE THEIR COMMUNITY. THE CHARITY ENCOURAGES AND EQUIPS SCHOOLS WITH SUPPLIES AND RESOURCES TO FURTHER EDUCATE ADOLESCENTS. ADDITIONALLY, THE CHARITY AWARDS EDUCATIONAL SCHOLARSHIPS TO SELECT HIGH SCHOOL SENIORS WHO DISTINCTIVELY SERVE THEIR COMMUNITY FOR HIGHER EDUCATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $487,770

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $487,770

Expense Breakdown

Grants Paid $67,990

Salaries & Benefits $16,148

Fundraising Expenses $0

Program Expenses $84,237

Other Expenses $32,853

TOTAL EXPENSES $116,991

Year-over-Year Comparison

	2022	2021	Change
Revenue	$487,770	$4,387	+110.2%
Expenses	$116,991	$45,235	+1.6%
Net Income	$370,779	$-40,848	-10.1%

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

N/A

Employees

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

$15,000

Total Directors

$15,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC VALENTI	CFO & EXECUTIVE DIRECTOR	40.00	Officer Director	$15,000	$0	$15,000
VERNON WELLS III	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
CHARLENE WELLS	PRESIDENT	10.00	Officer Director	$0	$0	$0
LARA NILES	DIRECTOR	7.00	Director	$0	$0	$0
JIM HURLBURT	DIRECTOR	6.00	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
2023	$487,770	$116,991	No data	$370,779
2022	$4,387	$45,235	$121,686	$-40,848
2021	$1,846	$72,390	$47,022	$-70,544
2020	$18,421	$76,802	$117,566	$-58,381
2019	$46,131	$94,165	$175,947	$-48,034
2018	$-40,541	$163,458	$261,466	$-203,999

VERNON WELLS' PERFECT 10 CHARITY