LITTLE BLACK PEARL WORKSHOP (EIN 363994059) - 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

1993

Legal Domicile

Principal Officer

VALARIE WALKER

Phone

7732851211

Tax Period

2022-07-01 to 2023-06-30

LITTLE BLACK PEARL WORKSHOP, founded in 1993, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2018. Expenses of $2.8M exceeded revenue, resulting in a 33% operating deficit.

Mission

TO CREATE OPPORTUNITIES FOR YOUTH AND ADULTS TO DEEPEN THEIR CREATIVE INVOLVEMENT THROUGH THE ARTS, CULTIVATE THEIR ENTREPRENEURIAL SKILLS AND USE THE ARTS AS A MEANS FOR ECONOMIC EMPOWERMENT AND COMMUNITY TRANSFORMATION.

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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 $2,538,493

Program Service Revenue $536,626

Investment Income $0

Other Revenue $14,764

TOTAL REVENUE $3,089,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,646,160

Fundraising Expenses $61,627

Program Expenses $2,766,132

Other Expenses $1,485,996

TOTAL EXPENSES $3,132,156

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,089,883	$2,895,640	+0.1%
Expenses	$3,132,156	$3,284,139	0.0%
Net Income	$-42,273	$-388,499	-0.9%

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

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
TERRI LYNE CARRINGTON	DIRECTOR	N/A	Director	$0	$0	$0
NONA HENDRYX	DIRECTOR	N/A	Director	$0	$0	$0
MICHELLE OLSON	DIRECTOR	N/A	Director	$0	$0	$0
RENEE GRANT MITCHELL	TREASURER	N/A	Officer	$0	$0	$0
VALARIE WALKER	PRESIDENT	N/A	Officer	$0	$0	$0
ELIZABETH WRIGHT	SECRETARY	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
2024	No data	No data	No data	No data
2023	$3,089,883	$3,132,156	$6,690,392	$-42,273
2022	$2,895,640	$3,284,139	$5,716,810	$-388,499
2021	$2,677,420	$2,735,029	$6,170,908	$-57,609
2020	$2,406,682	$2,660,289	$6,516,644	$-253,607
2019	$2,139,247	$2,841,680	$6,254,252	$-702,433

LITTLE BLACK PEARL WORKSHOP