PEARLS OF PROMISE FOUNDATION INC (EIN 371422562) - 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

2002

Legal Domicile

Principal Officer

ANDREA YOUNG

Tax Period

2021-01-01 to 2021-12-31

PEARLS OF PROMISE FOUNDATION INC, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $146K in total revenue in fiscal year 2021. Revenue surged 191% from the prior year, signaling strong growth momentum. The organization ran a surplus of $123K, a strong 85% operating margin.

Mission

THE PEARLS OF PROMISE IS A PREMIER FOUNDATION THAT PROVIDES OPPORTUNITIES; LIFE, LEADERSHIP & ENTREPRENEURIAL SKILLS; HEALTH PROMOTION, FAMILY STRENGTHENING & ENVIRONMENTAL STEWARDSHIP TO RESIDENTS OF SOUTHEAST MICHIGAN WITH AN EMPHASIS ON YOUTH.

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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 (2021)

Revenue Breakdown

Contributions & Grants $4,330

Program Service Revenue $141,183

Investment Income $0

Other Revenue $0

TOTAL REVENUE $145,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,848

Other Expenses $22,309

TOTAL EXPENSES $22,309

Year-over-Year Comparison

	2021	2020	Change
Revenue	$145,513	$49,957	+1.9%
Expenses	$22,309	$40,113	-0.4%
Net Income	$123,204	$9,844	+11.5%

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

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
CASSANDRA DAVIS	SECRETARY	4.00	Officer Director	$0	$0	$0
DELGRETTA DOBBS-LONGS	MEMBER-AT-LA	4.00	Director	$0	$0	$0
IVY FIELDS-RELEFORD	MEMBER-AT-LA	2.00	Officer Director	$0	$0	$0
CHRISYNPHIA GRACE	MEMBER-AT-LA	2.00	Director	$0	$0	$0
JASMINE JACKSON	MEMBER-AT-LA	2.00	Director	$0	$0	$0
KELLY JAMES	MEMBER-AT-LA	2.00	Director	$0	$0	$0
KYISHA JONES	FINANCIAL SE	4.00	Director	$0	$0	$0
TRENNESE JONES	MEMBER-AT-LA	1.00	Director	$0	$0	$0
PAMELA PARKS	FUNDRAISING	2.00	Officer Director	$0	$0	$0
NAKIA PLUMMER	MEMBER-AT-LA	2.00	Director	$0	$0	$0
ARESE ROBINSON	MEMBER-AT-LA	1.00	Director	$0	$0	$0
SHANTEL ROSS	MEMBER-AT-LA	1.00	Director	$0	$0	$0
CRYSTAL SEWELL	PRESIDENT	4.00	Officer Director	$0	$0	$0
SHAVONNE TAYLOR	MEMBER-AT-LA	2.00	Director	$0	$0	$0
ROBYN THOMAS	MEMBER-AT-LA	4.00	Director	$0	$0	$0
CRYSTAL WASHINGTON	MEMBER-AT-LA	2.00	Director	$0	$0	$0
ANDREA YOUNG	TREASURER	4.00	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
2021	$145,513	$22,309	$378,073	$123,204
2018	$150,840	$25,498	$174,411	$125,342
2017	$45,237	$33,081	$49,069	$12,156

PEARLS OF PROMISE FOUNDATION INC